SBA Disaster Loans for TS Claudette in Alabama

sba disaster loan claudette alabama

Alabama businesses and residents affected by Tropical Storm Claudette on June 19, 2021, may apply for low-interest disaster loans from the U.S. Small Business Administration (SBA). SBA made the loans available in response to a letter from Alabama Gov. Kay Ivey on July 21, requesting a disaster

Read more

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

Read more

SBA Increases EIDL Amount


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

Read more

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

Read more

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

Read more

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

Read more

SBA Opens Disaster Recovery Center in Gulf Shores


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

Read more

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

Read more