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SBA offers disaster assistance to businesses, residents affected by Hurricane Sally

Businesses and residents in Alabama counties designated as disaster areas after Hurricane Sally can now apply for low-interest disaster loans from the U.S. Small Business Administration. Small Business Administration administrator Jovita Carranza issued a statement following the announcement of the presidential disaster declaration, which began Sept. 14. “The SBA is strongly committed to providing Alabama … Continued
September 24, 2020

Senate returns to Washington with no coronavirus aid package deal

The members of the U.S. Senate return to Washington D.C. on Tuesday for what is expected to be a tumultuous post-Labor Day stretch. Negotiations on another coronavirus relief package failed before the Senate recessed in early August and, as of Monday, there were no signs that the impasse has been resolved with the November elections … Continued
September 8, 2020

Alabama credit unions provide financial aid for members during COVID-19 pandemic

The Alabama Credit Union Association announced that credit unions in Alabama have continued to work to help members through the financial realities of the COVID-19 pandemic. ACUA is the division of the League of Southeastern Credit Unions & Affiliates representing Alabama credit unions. ACUA has surveyed credit unions in the state three times since the … Continued
August 18, 2020

Congress considers legislation to extend loan forgiveness to rural businesses

Congress is considering legislation to include loan forgiveness for rural businesses and communities as part of the Rural Equal Aid Act, a bipartisan measure sponsored by U.S. Rep. Cindy Axne, D-Iowa. It will provide needed relief to entities with loans through the U.S. Department of Agriculture Rural Development program. Currently, only businesses with loans through … Continued
August 7, 2020

Payroll Protection Program deadline has been extended to Saturday

Congresswoman Martha Roby, R-Montgomery, this week reminded business owners that the deadline to apply for the Payroll Protection Program, knowns as the PPP, has been extended to Saturday. “The Small Business Administration’s Paycheck Protection Program (PPP) application deadline was recently extended to Saturday, August 8,” Roby wrote in an email to constituents. “Do not forget … Continued
August 5, 2020

Ivey is grateful that the Payroll Protection Program is taking applications again

The Small Business Administration’s Payroll Protection Program resumed accepting loan applications Monday after Congress passed and the president signed legislation last week replenishing the funds in the PPP, which ran out of money on April 16. Alabama Gov. Kay Ivey urged Alabama small businesses to quickly take advantage of the program. “Alabama small businesses are … Continued
April 28, 2020

Trump signs bill replenishing funds for Payroll Protection Program

Friday, President Donald J. Trump (R) signed a nearly half-trillion-dollar coronavirus relief bill that replenishes the money for the Payroll Protection Program, a Small Business Administration program that makes small-business loans to prevent layoffs during the forced economic shutdown to fight the spread of the coronavirus. The $484 billion bill is the fourth large coronavirus … Continued
April 27, 2020

Jones demands immediate assistance for Alabama farmers, producers

U.S. Senator Doug Jones, D-Ala., today called on the Small Business Administration (SBA) to include farmers and producers in new economic relief programs established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Farmers in Alabama and across the country have been shut out from accessing the Paycheck Protection Program (PPP) funds provided for them by the CARES Act due to … Continued
April 21, 2020

Palmer, Byrne criticize Pelosi for playing politics with Paycheck Protection Program

Thursday, the Treasury Department reported that the Small Business Administration’s Paycheck Protection Program (PPP) has now run out of money and no more loans are available for small businesses struggling to pay their bills to get through the forced economic shutdown to fight the coronavirus global pandemic. Congressman Gary Palmer, R-Hoover, released a statement condemning … Continued
April 17, 2020