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COVID-19 Loans Available For Alabama Small Businesses, Nonprofits Patch 1 hr ago Michael Seale © Shutterstock Small business owners and nonprofits across Alabama can begin applying for low interest loans of up to $100,000. BIRMINGHAM, AL Small business owners and nonprofits across Alabama can begin applying Tuesday for low interest loans of up to $100,000 and free business support through the Southern Opportunity and Resilience Fund. The SOAR Fund covers Alabama, Arkansas, Delaware, Florida, Georgia, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia and the District of Columbia. According to the U.S. Census Bureau Small Business Pulse Survey, 58 percent of Alabama small businesses have less than two months cash on hand and one-third of small businesses in the state expect to seek capital in the next six months.

United statesDistrict of columbiaNorth carolinaWest virginiaSouth carolinaCommunity investment loan fundResilience fundPeople fundTrufund financial servicesWinrock internationalAccion opportunity fundFund managementSouthern bancorp community partnersUs census bureau small business pulseBusiness investment fundCommunity development financial institutions