Chamber of Commerce small business loan offerings


DOTHAN, Ala. (WDHN) — For small businesses in Dothan, the Chamber of Commerce has loan options during this pandemic.

One is a direct disaster loan that is offered by the U.S. Small Business Administration, it can be accessed at

Another loan is a paycheck protection program that small businesses can apply for to help them out with assistance during this period.

This is designed to provide an incentive for small businesses to keep their workers on payroll. They providing a loan up to $10 million for payroll and certain expenses.

For a business where employees are kept on payroll for eight weeks, up to 100% of the loan can be forgiven.

The chamber recommends small businesses to work with local lending institutions to access these programs.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories