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Bought questions on SBA loans? Tune in to this program

The Enterprise Council of Alabama is partnering with Alabama Public Tv to assist small companies apply for federal stimulus funding below the close to CARES Act.

The Small Enterprise Change program airs Thursday on APT at 7 p.m. BCA specialists will likely be out there to reply questions from 7 p.m. to 10 p.m. Consultants will likely be out there for session from 9 a.m. to midday Friday.

This system will characteristic specialists in enterprise, banking, accounting and legislation to reply cellphone calls from Alabama enterprise homeowners and employers as they grapple with the affect of the coronavirus on the state’s economic system. New federal loans at the moment are out there for small companies, however funding is proscribed in some instances and fast motion is required.

BCA President and CEO Katie Boyd Britt mentioned step one in getting Alabama again to work is to “get this mortgage cash flowing to our companies.”

“Our crew of specialists is donating their time and assets as a result of this can be a important time for small companies,” Britt mentioned. “This federal funding can and can save corporations and save jobs, so the BCA is facilitating this course of in any means we will.”

Amongst stimulus measures are $10 billion in Financial Harm catastrophe loans and $349 billion in Paycheck Safety loans out there to assist the nation’s small companies. Every program has totally different eligibility standards, financing, and software processes. For essentially the most half, small companies of fewer than 500 staff, sole proprietors, freelancers and the self-employed, unbiased contractors, and 501(c)(6) organizations are eligible for one or each packages.

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As a result of there was confusion in regards to the packages, too many enterprise homeowners are unsure about availability, {qualifications}, necessities and deadlines for every mortgage program.

To ask a query or seek the advice of with our BCA specialists throughout these occasions, the cellphone quantity is 1-833-BCA4BIZ (1-833-222-4249).

Oliver Smith

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