U.S. Small Business Administration

In addition to helping the state’s leading entrepreneurs and innovators, dispersing these funds will grow Alabama’s economy.

Filing deadlines are June 1 for property damage loans and Jan. 3, 2022, for economic injury loans.

U.S. Sen. Doug Jones, D-Alabama, and Sen. Tim Scott, R-South Carolina, on Friday called for clarity on loan forgiveness for small businesses that received coronavirus-related grants through the Paycheck Protection Program.  “On Monday, April 27, the second round of funding began to help support our small businesses.  However, the terms for forgiveness were and continue … Continued

The U.S. Small Business Administration on Monday began once again accepting applications in a program meant to help small businesses keep workers during the COVID-19 crisis.  The first round of $349 billion in the Paycheck Protection Program loans ran out in just 13 days, and not without controversy. At least $500 million of that money … Continued

U.S. Sen. Doug Jones, D-Ala., and a ranking Republican colleague led other lawmakers in a request that the Treasury Department and the Small Business Administration speed up loans to small businesses amid the COVID-19 pandemic.  Jones and Sen. Ben Cardin, D-Md., and other legislators in a letter Wednesday to U.S. Treasury Secretary Steven Mnuchin and … Continued

Individuals in six Alabama counties affected by Hurricane Michael in October can now apply for individual assistance from the U.S. Small Business Administration. Gov. Kay Ivey announced the new assistance Wednesday.. SBA Administrator Linda McMahon made the loans available in response to a letter Ivey on Nov. 16. Ivey had requested a disaster declaration by … Continued