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COVID-19 Business Resources

COVID-19 Resources
  • Please click the link below for the letter that was sent to Governor Kay Ivey Friday, April 17th, from the Vestavia Hills Chamber of Commerce.




Alabama Small Business Development Center (ASBDC) - Latest information on Economic Injury Disaster Loan (EIDL)

Alabama Small Business Development Center (ASBDC) - Latest information on Paycheck Protection Program (PPP or also called P3)


How to Get a PPP Loan or a SBA Coronavirus Emergency Loan

The Coronavirus Aid, Relief, and Economic Security Act sets aside $350 billion for small business loans to provide economic relief in 2020 and additional funds are anticipated to be made available by Friday, April 24, 2020. Application packets are anticipated to be re-opened at that time.

Click here for information that is needed

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed to help businesses, families, and individuals make ends meet during the coronavirus crisis.

Paycheck Protection Program (PPP)

The emergency loans provision of the CARES Act, also known as the Paycheck Protection Program, lets small businesses borrow as much as $10 million with an interest rate no higher than 4%. These loans, backed by the Small Business Administration (SBA), can be forgiven as long as your company meets certain conditions, including maintaining or restoring your average payroll. This means that, with the right planning, your loan can effectively be a grant.

For help and guidance with the application, contact your banker. The application can be obtained by clicking here


Click here to read the U.S. Chamber of Commerce’s Coronavirus Emergency Loan Guide for small businesses.

This guide explains which companies are eligible for these new loans, what lenders will be looking for from your company, how much you can borrow, how to have the loan forgiven and more.

**The expanded EIDL loan program also offers up to a $10,000 emergency cash advance that may not need to be paid back.


Economic Injury Disaster Loans (EIDLs)

On top of the new Paycheck Protection Program, the CARES Act expands the existing Economic Injury Disaster Loans (EIDLs) program that is also maintained by the SBA. The CARES Act opened EIDL loans to more types of small businesses, made it easier to apply and ensured that EIDLs smaller than $200,000 can be approved without a personal guarantee.

The expanded EIDL loan program also offers up to a $10,000 emergency cash advance that may not need to be paid back. During the recent National Small Business Town Hall, Neil Bradley, executive vice president and chief policy officer at the U.S. Chamber of Commerce, said businesses that apply for EIDL loans should be able to get a cash advance within three days of applying.

What should I do next?

While all of this information is important, if you do think you’ll be seeking an EIDL loan, it would be smart to get in touch as soon as possible with your local SBA district office or ask your bank if they are a preferred lender. Many of the banks will either have a SBA department OR will have a relationship with a preferred SBA lender so your best move would be to contact your banker for guidance.

If you are applying for the Paycheck Protection Program (PPP) loan, contact your bank right away that you do business with for guidance.

Birmingham area SBA office contact info is:


2 North 20th Street Suite #325
Birmingham, AL 35203



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  • The Chamber is continuing to talk with our local businesses to try to keep a handle on how they are modifying their business. IF you haven’t updated us, please send any pertinent info to In the meantime be sure to check out our local businesses and how they are serving our community by going to our Shop Local Guide AND you can also check out this info on Facebook by clicking here

  • The City has also been doing a great job of providing alerts for all the various entities that you will want to bookmark and check out often. It can be found by clicking here This is great information for many functions in one place!

  • Stay safe, wash your hands often, don’t touch your face and remember that things are changing rapidly so information that is accurate right now may (and probably will!) change by tomorrow so make sure and look at the appropriate websites for up to date information.

  • University of Alabama Start-Up Safety Information: click HERE
    • As restrictions on non-essential businesses and operations are eased, more companies will be entering “restart” mode. Before you get to that point, now would a good time to begin assessing your facility’s safety and health readiness for resuming operations. Through UA SafeState, you can get free Health and Safety Consultations to help with your planning. We can accommodate both virtual and on-site consultations, or a blended option. Our on-site work plan is carried out with social distancing and work practices to protect you and us throughout the process. For more information on our free consultation services, visit our UA SafeState OSH consultation website .



Small Business Loan Info
Alabama "Safer At Home" Order
Defending Against Cyber Scams
COVID-19 Testing
Liability Protections
PPP Forgiveness Application
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