SBA

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…

SBA Begins Accepting Paycheck Protection Program Applications, Governor Ivey Urges Residents to Take Adavantage

The Small Business Administration began accepting Paycheck Protection Program applications Monday, April 27. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program TODAY: SBA will resume accepting #PaycheckProtectionProgram applications from participating lenders. Learn how to apply and find a lender near you. ▶️ https://t.co/HL8Y4ZtSSz — SBA (@SBAgov) April 27, 2020 Governor Ivey released the following statement, urging Alabama small businesses to take advantage of this critical tool:  “Alabama…

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…

FEMA Funds Available to Flood Victims

Federal funding will soon be available to Alabamians affects by December flooding. Thursday, President Obama declared a major disaster exists in the State of Alabama and ordered federal aid to supplement state and local recovery efforts in the area affected by severe storms, tornadoes, straight-line winds, and flooding during the period of December 23-31, 2015. Federal funding is available to state, tribal, and…

Loans Available for Victims of December Flooding

Bentley says loans are available through the Federal Small Business Administration for victims of the flooding event in December

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…