Business Funding Available
EDA CARES funding is available through the NARCOG Business Fund
Funds are available for existing businesses now.
- 0% interest for the duration of the loan
- Loan terms of 5 to 10 years
- Funds may be used for working capital, rent, utilities, other COVID related expenses
Call our Crystal Julien at 256-355-4515, ext 258 to see how we can assist your business. Read more about our business loans.
Locate a list of participating lender for PPP loans at https://www.sba.gov/PaycheckProtection/find
SECOND RELIEF BILL
A summary of this legislation from the Small Business Administration (SBA) is provided below.
COVID Relief Package Details
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There are over 5,500 pages in the pending legislation from Congress, and we haven't finished reading every line just yet. Here's what we know now, and what you can expect:
The highlights below are directly from the small business committee summaries:
Taxes:
As more details emerge from SBA, we will do our best to keep you posted.
Want to read more? Here are the summaries as we received them:
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US Small Business Administration - We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
* The number for deaf or hearing impaired individuals to call is: 800-877-8339.
U.S. Chamber of Commerce - the latest resources, guidance and insights to protect American businesses, workers and families.
https://www.uschamber.com/co/start/strategy/business-owner-tips-coronavirus-pandemic
US Chamber Small Business Loan Guide
The Department of Labor has published a series of fact sheets and Q&A on the Families First Coronavirus Response Act (FFCRA). https://www.dol.gov/agencies/whd/pandemic
Centers for Disease Control - the nation's health protection agency.
https://www.cdc.gov/coronavirus/2019-ncov/community/organizations/businesses-employers.html
Alabama Business Resources
Alabama Small Business Commission launched the Atlas Alabama website to serve small business owners in the state.
Alabama Department of Labor - information on state income tax extension, taxes due and unemployment claims. https://www.labor.alabama.gov/
Made in Alabama: Alabama Department of Commerce - In collaboration with our state and federal partners, the Department has assembled a comprehensive list of resources related to the COVID-19 response to assist Alabama employers and workers. https://www.madeinalabama.com/why-alabama/covid-19-resources/
Alabama Small Business Development Center
www.asbdc.org