COVID-19 (Business Information)

Small Business Information Resources

Financial Resources for Small Businesses

SBA: Small Business Guidance & Loan Resources

Read on at this link.

SBA’s Economic Injury Disaster Loan Program

Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19). 

To learn more about the process of applying for the SBA’s Economic Injury Disaster Loans, visit Alabama Small Business Development Center’s webpage. To view free recorded webinars from ASBDC that lead you through the application process, visit this webpage.

To view the paper versions of the forms required to apply, click this link.

  • Most businesses (LLCs, etc.) will use Form 5.
  • Sole proprietors will use Form 5C.

To view the online application, click this link. (We recommend first filling out the paper forms, then submitting your application on the SBA website at this link.)

Find more information on the SBA’s Economic Injury Disaster Loans at: SBA.gov/Disaster.

Alabama Department of Revenue: Sales and Lodgings Tax Relief

Effective immediately, the Alabama Department of Revenue is waiving state sales tax late payment penalties both for small retail businesses, whose monthly retail sales during the previous calendar year averaged $62,500 or less, and taxpayers currently registered with the Department as engaging in NAICS Sector 72 business activities, which includes restaurants. The Department is also waiving state late payment penalties for lodgings taxes. Read on.

View all COVID-19 related updates from Alabama Department of Revenue at this link.

CARES Act / Paycheck Protection Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

The administration soon will release more details including the list of lenders offering loans under the program. In the meantime, the U.S. Chamber of Commerce has issued this guide to help small businesses and self-employed individuals prepare to file for a loan. View it at this link. 

Facebook

Facebook is offering $100M in cash grants and ad credits through their Small Business Grants Program. Learn more.

Other

E-Commerce Resources

Restaurant Information

Retail Information

Other Updates 

  • As of March 27, many but not all of our local businesses are still operating. We urge you to support our small businesses any way you can if you can do so safely. Many businesses are offering curbside pick-up of items. Restaurants are offering meals delivered curbside, through a drive-thru, or delivery. If you are unsure if a business is operating, or if you have questions, please call them to inquire.
  • On March 27, State Heath Officer Scott Harris issued an order suspending certain public gatherings, closing some types of "non-essential" businesses/venues/activities to non-employees, and other measures to prevent the spread of COVID-19. This order is to remain in full effect from March 28 at 5 PM until April 17 at 5 PM, at which time it will be reevaluated. Read on.
  • On March 19, Gov. Kay Ivey ordered that no bar, restaurant, or brewery allow on-premise food or beverage consumption. The order continues through at least April 6th. Montevallo restaurants are still ready to serve you meals to-go, delivered curbside, or through a drive-thru.

COVID-19 Resources for Employees