From the West Alabama Newsroom– The Small Business Administration wants to help business owners impacted by the January 12th tornado pick up the pieces after the disaster. Over a hundred businesses in the Selma area were damaged — during the January 12th tornado. Darrell Pratt’s barbershop on J. L. Chestnut Boulevard — was totally destroyed — when the tornado ripped…
From the West Alabama Newsroom– Two disaster recovery centers have opened up in Selma to try and help January 12th tornado victims — get back on their feet. The Small Business Administration — Business Recovery Center is located at Gospel Tabernacle Church on 2300 Summerfield Road. The SBA provides low-interest loans — to assist any business — non-profit — homeowner…
The Alabama Treasurer’s Office says people in these counties who suffered property losses from the tornadoes on March 3rd may be eligible to borrow money from $50-Million in “below market” deposits made by the state. Loan approval decisions are made by the banks involved. Counties: Autauga, Barbour, Bullock, Butler, Crenshaw, Geneva, Henry, Lee, Macon, and Washington counties. Check with your…
Alabama Gov. Robert Bentley is creating a task force responsible for identifying potential legislation that could help protect consumers from predatory lending. Bentley said in a statement Tuesday that he signed an executive order creating the Alabama Consumer Protection Task Force. The governor says predatory lending is one of the biggest problems Alabama consumers face during financial emergencies. The formation…
The Alabama Senate has delayed a vote on a Colorado-style payday loan reform that would give people at least six months to pay back the loan instead of just a few weeks. Senators on Thursday postponed a vote after the bill hit opposition on the Senate floor. Republican Sen. Arthur Orr, the bill’s sponsor, said borrowers currently face oppressive fees…
MONTGOMERY, Ala. (AP) – Alabama Gov. Robert Bentley says loans administered through the federal Small Business Administration are available to help victims of late December storms repair damage to their property. Bentley said in a statement Friday that low-interest loan assistance has been approved for more than 20 counties — including Jefferson, Montgomery and Tuscaloosa — based on damage assessments…
