Small Business Administration

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…