Byrne to SBA: More Help, Clarity Needed for Small Businesses
Congressman Bradley Byrne, R-Mobile, on Thursday led a bi-partisan letter to Small Business Administration Administrator Jovita Carranza asking the agency to offer more help and guidance for those seeking Economic Injury Disaster Loans, or EIDLs. In March, the SBA began allowing states to apply for the EIDL. The loan program helps qualified businesses and non-profit organizations recover from economic losses tied to the abrupt economic downturn triggered by the COVID-19 disease and efforts to stop its spread. The program offers up to $2 million in assistance for an eligible small business, and advance grants of up to $10,000 are available. However, there are reports of “severe oversubscription” to the EIDL program and of the $10,000 advance grant being insufficient to meet the needs of businesses trying to survive in the midst of the coronavirus pandemic, the lawmakers wrote. Read more.
The number of people in Alabama who have tested positive for the COVID-19 virus, as well as those who are reported to have died, have roughly doubled in eight days’ time, according to data from the Alabama Department of Public Health. As of Thursday afternoon, the number of reported deaths stood at 133, compared to 64 on April 7. The number of those tested positive rose to 4,345 Thursday; the total was 2,107 eight days prior.