Small Business Administration

SBA Now Focused on Effort to Stimulate Selma Economy

From the West Alabama Newsroom– Federal agencies continue to provide resources in Selma — to help the city bounce back from the devastation caused by the January 12th tornado. The Small Business Administration hosted a Small Business Community Forum at Wallace Community College Selma Tuesday. The event brought businesses and resources to help them together under one roof. Kem Fleming…

SBA Disaster Assistance Loans Available for Businesses

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…

Businessman Accused of Faking Own Death to Avoid Prosecution for COVID-19 Loan Fraud

Authorities have captured a businessman accused of faking his own death to avoid prosecution for fraudulently seeking hundreds of thousands of dollars in forgivable loans intended for businesses struggling during the pandemic. The U.S. Marshals Service says David Staveley, who also goes by Kurt Sanborn, was captured last week in Georgia. Prosecutors say the Andover, Massachusetts, man sought nearly $440,000…

Local Businesses Are Finding Ways to Survive During COVID-19

Due to COVID-19, some small businesses are struggling to stay afloat. David Lamb is the owner of the Frutta Bowls restaurants in Montgomery and Auburn. He is experiencing first-hand the affects the virus is having on business. “It’s been brutal. Our business is one quarter of what it normally is, ” Lamb said. Lamb says has had to make some…

Gov. Kay Ivey Announces Help for Small Businesses Affected by Coronavirus

Gov. Kay Ivey has announced that the state’s small businesses negatively impacted by the coronavirus pandemic are now eligible for help from the U.S. Small Business Administration’s Economic Injury Disaster Loan (EIDL) program. The program will help qualified businesses and non-profit groups recover. “Small businesses represent the backbone of Alabama’s economy, and many of them need immediate help in these…

Disaster Loan Outreach Centers in Alabama to Close Soon

The U.S. Small Business Administration is closing the four Disaster Loan Outreach Centers that opened following major flooding last year around Alabama. Flooding victims have until 3 p.m. Thursday, February 4 to access the centers. Officials say the centers are closing due to decrease in activity. The centers were set up in four counties, including Montgomery County, following flooding that…