FROM THE ALABAMA DEPARTMENT OF REVENUE
MONTGOMERY, April 2, 2020 – The Alabama Department of Revenue will communicate today directly with business owners, urging them to seek federal assistance to weather a troubled economy triggered by the COVID-19 pandemic.
The Department of Revenue will send email messages to businesses, as well as utilize the My Alabama Taxes portal (MAT). The department would like to stress that these messages and emails are legitimate, and that small business owners should act quickly to get the assistance they need.
As Governor Kay Ivey noted on Wednesday, final guidelines for how the federal government will distribute financial relief to Alabama’s small businesses will be released soon. In the meantime, small business owners should contact their local banker, accountant, financial advisor or credit union to get the latest details about who is eligible, what documents are needed, and how best to apply for funding relief caused by the coronavirus.
The emails from the department will include Governor Ivey’s press release issued on Wednesday, as well as links to a letter from the Governor and Paycheck Protection Program borrower information. The MAT messages will include the letter and borrower information.
Below is the full press release issued from Gov. Ivey’s Office Wednesday, including links to important information for business owners.
Governor Ivey urges Alabama Small Business Owners To Prepare Now by Applying for Federal Financial Relief
MONTGOMERY – Governor Kay Ivey on Wednesday urged Alabama Small Business Owners to respond to the COVID-19 (Coronavirus) pandemic by taking steps to ensure their business will withstand the troubling economy.
Final guidelines for how the federal government will distribute financial relief to Alabama’s small businesses will be released very soon. In the meantime, Small Business Owners need to contact their local banker, accountant, financial advisor or credit union today to get the latest details about who is eligible, what documents are needed and how best to apply for funding relief caused by the coronavirus.
“This coronavirus has disrupted life as we know it, including the critical economic role played by Alabama small businesses,” said Governor Kay Ivey. “Only a few short weeks ago, our economy was the strongest it had been in the past 100 years due to the hard work and entrepreneurship of Alabama Small Business Owners. We need our businesses up and running and back at full employment as soon as possible. I urge business owners to act today and be prepared to apply for assistance designed specifically to get them in front of the line when relief checks are written.”
Attached is information from the SBA that will provide more information.
The U.S. Treasury Department’s website is https://home.treasury.gov/cares and provides specific information regarding the resources being made available related to Coronavirus relief, including initial guidance.
Under the section entitled Assistance for Small Businesses, here are three links entitled:
Top-Line Overview of Program – https://home.treasury.gov/system/files/136/PPP%20–%20Overview.pdf
Lender Information – https://home.treasury.gov/system/files/136/PPP%20Lender%20Information%20Fact%20Sheet.pdf
Borrower Information – https://home.treasury.gov/system/files/136/PPP%20Borrower%20Information%20Fact%20Sheet.pdf
This is preliminary information and additional guidance is expected.
