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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Revive Plus Grant

Revive Plus Alabama Grant

Governor Kay Ivey has launched Revive Plus, a $200 million grant program to support small businesses, non-profits and faith-based organizations in Alabama that have been impacted by COVID-19. Revive Plus is for organizations with 50 or fewer employees and will award grants of up to $20,000 for

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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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All Counties Now Eligible to Apply

The SBA Economic Injury Disaster Loan program is now open to all 67 counties in Alabama. The Alabama SBDC is hosting a series of webinar to prepare companies for the application process. SBA Offers Disaster Assistance to Alabama Small Businesses Economically Impacted by the Coronavirus (COVID-19) ATLANTA – TheU.S.

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Small Business Guidance on COVID-19

Alabama SBDC Covid 19

In addition to guidance from the CDC, see below for updates from the AL Department of Revenue and AL Department of Labor. Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19) The Centers for Disease Control and Prevention (CDC) offers the most

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SBA Disaster Loans for COVID-19

SBA disaster loan

Many have been asking about the SBA’s Disaster Assistance Loan Program. Here is what we know: The Federal Emergency Declaration last week activated the SBA’s Economic Injury Disaster Loan program (EIDL). We expect the program to cover the entire state, and not just counties where individual have

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