SBA: Tornado Disaster Assistance

Alabama businesses and residents affected by the tornado on Jan. 25-26, 2021 can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Isabella Casillas Guzman announced today. Note: This is for the “Fultondale” tornado from January 25-26, and not for the multiple tornadoes of

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SBA Increases EIDL Amount

EIDL UPdate

The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months

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Revive Plus Grant

Revive Plus Alabama Grant

UPDATE 2/22/21:Applicants were notified today that the Revive Plus grant was only able to fund 26% of the applications that it received. No additional businesses will receive a grant unless Congress authorizes more funding for the program. Thank you for applying for a grant through the Revive

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Targeted EIDL Advance

eidl targeted advance

COVID-19 Targeted EIDL Advance was signed into law on December 27, 2020, as part of the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act. The Targeted EIDL Advance provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. When

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LISC: Rural Relief Small Business Grant in Alabama

LISC Grant Alabama

The LISC Rural Relief Small Business Grant provides between $5,000 and $20,000 to eligible small businesses impacted by COVID. LISC is also committed to helping rural companies impacted by Hurricane Sally. Priority will be given to entrepreneurs of color, women- and veteran-owned businesses and other enterprises in

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SBA Opens Disaster Recovery Center in Gulf Shores

SBA-Disaster-Center-Gulf-Shores-Alabama-SBDC-Hurricane-Sally

Businesses and residents in the declared disaster area can now apply for low-interest disaster loans from the U.S. Small Business Administration. The disaster declaration covers Baldwin, Escambia and Mobile counties in Alabama, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small

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Cummins Appointed to EXIM Bank Advisory Committee

Bill Cummins Alabama SBDC

Bill Cummins, Executive State Director of UA’s Alabama Small Business Development Center Network (ASBDC), has been appointed to serve on the Advisory Committee of the US Export Import Bank of the United States (EXIM Bank). The EXIM Advisory Committee, as required by the U.S. Congress, advises EXIM

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SBA Press Release: PPP Update

PPP Press Release SBA Alabama SBDC

On June 8th, 2020, SBA published a Press Release regarding the enactment of the PPP Flexibility Act. You can view the entire release here: June 8, 2020 Press Release Here are the highlights: Upcoming ProceduresSBA, in consultation with Treasury, will promptly issue rules and guidance, a modified

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