AL Small Business Development Center Provides Info about SBA Loans – March 21, 2020 The recent Federal Emergency Declaration activated the SBA’s Economic Injury Disaster Loan program (EIDL). These loans will provide working capital to small businesses suffering substantial economic injury as a result of the COVID-19. The SBDC is a resource for those who wish to apply for these loans. They offer webinars and other assistance.
CDC Provides Interim Guidance for Businesses & Employers – Updated March 21, 2020 Businesses and employers can prevent and slow the spread of COVID-19. Employers should plan to respond in a flexible way to varying levels of disease transmission in the community and be prepared to refine their business response plans as needed.
Birmingham Strong Emergency Loan Fund – March 19, 2020 Purpose: To immediately support small businesses affected by COVID-19 who are awaiting state or federal relief funding or a more stable business environment. For-profit businesses with less than 50 employees located within the Birmingham city limits that have been operating for at least one year are eligible to apply.
Facebook Grants for Small Businesses – March 17, 2020 The company will be launching a massive grant program to help small businesses. Specifically, Facebook will provide $100 million in “cash and ad credits” to 30,000 businesses in the 30 countries where Facebook operates.
#BHAMSTRONG Movement – March 2020 Coalition of public, private and civic leaders and organizations collaborating to serve as Birmingham’s COVID-19 Information and Resource Center for small businesses and others who are vulnerable during this time.
Alabama Power COVID-19 Response – March 2020 Since Alabama’s COVID-19 state of emergency was declared, Alabama Power has not disconnected any customers for non-payment and there are no plans to do so for those impacted by the pandemic. In addition, they are also suspending late payment fees.