Congresswoman Terri Sewell

Representing the 7th District of Alabama

COVID-19 Small Business Resources

Small Business Resources

Quick Links: 


Small businesses that are suffering from the economic effects of the coronavirus outbreak can apply for assistance through the Small Business Administration (SBA). 

Helpful resources from the SBA are available here.

A list of SBA Express Lenders is available here.

SBA Economic Impact Disaster Loans

Many businesses in Alabama are eligible for the SBA’s Economic Injusry Disaster Loan  (EIDL)


If you are a small business owner who needs assistance during this outbreak I encourage you to take action immediately. SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

If you have suffered substantial economic injury and are one of the following types of businesses, you may be eligible for an SBA Economic Injury Disaster Loan (EIDL):

  • Small business
  • Small agricultural cooperative
  • Most private nonprofit organizations

You may apply for an EIDL loan here: 

For EIDLs, the interest rate for small businesses is 3.75% and 2.75% for non-profits.

Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

More information regarding the Economic Injury Disaster Loan program regarding COVID-19 can be found here:

Paychek Protection Guaranteed Loans

Congress established a new guaranteed loan program at SBA for small businesses to cover payroll during the immediate crisis. The Paycheck Protection Program would:

  • Support $349 billion in 100 percent guaranteed, low interest, no fee loans of up to $10 million with repayment deferred for at least six months; and
  • Forgive up to 100% of the loan if the borrower has retained the same number of
  • employees as when they received the loan.


Small and medium sized businesses up to 500 employees, non-profits, independent

contractors and the self-employed. This includes churches but only to cover payroll costs of an associated business, like a thrift store.


The program temporarily waives SBA “affiliation rules” to allow businesses with multiple locations the normally are not considered small, to qualify. This is especially important for our restaurant and lodging sector. They are still limited to the same maximum loan size - $10 million - as a business with one location.


The SBA’s network of 2,500 7(a) lenders will be used to process these loans, and All federally insured depository institutions, federally insured credit unions, and Farm Credit

System institutions are eligible to participate in this program to reach as many small businesses as quickly as possible.


Yes and no. The amount of the loan forgiven at the end of the year will be determined by how many employees were retained on the company’s payroll, up to 100 percent for full retention. Your loan forgiveness will be reduced if you decrease your full-time  employee headcount or if you decrease salaries and wages by more than 25% for any employee that made less than $100,000 annualized in 2019.


  1. Hope Credit Union | 1-866-321-4637
  2. Alabama Small Business Development Center | 1-877-825-7232
  3. Birmingham Business Resource Center | 205-250-6380
  4. Bham Strong