Small Business Guide - Welcome to Alabama A&M University

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How to Apply for a 504 LoanS m a l l B u s i n e s s H a n d b o o k f o r N o r t h A l a b a m aA 504 loan can be initiated by contacting a CDC. They will assist thesmall business in packing the loan application.CDC’s in AlabamaAreas of Operation____ALACOM FinanceAll counties in Alabama117 Southcrest Drive, Suite 100 excluding Washington,Homewood, Alabama 35209 Choctaw & SumterPhone: (205) 942-3360Fax: (205) 942-5984Toll-free: (800) 239-5909Southern Development Council8132 Old Federal RoadMontgomery, AL 36117-8007Phone: (334) 244-1801Fax: (334) 244-1421Toll-free: (800) 499-3034Contact: John ReynoldsEverette StrongAngie WinterAll counties in AlabamaFor more information about the SBA Loan program go to:http://www.sba.gov/financialassistance/borrowers/guaranteed/18
S m a l l B u s i n e s s H a n d b o o k f o r N o r t h A l a b a m aIV) Hiring Employees(http://www.business.gov/business-law/employment/hiring/first-employee.html)The above website describes steps to hiring an employee. In Alabamathere are nine requirements. The State of Alabama does notrequire an employer to obtain disability insurance.Step 1: Obtain an Employer Identification Number (EIN)Step 2: Set up Records for Withholding TaxesStep 3: Employee Eligibility Verification (Form I-9)Step 4: Register with Your States New Hire Reporting ProgramStep 5: Obtain Workers' Compensation InsuranceStep 6: Unemployment Insurance Tax RegistrationStep 7: Post Required NoticesStep 8: File Your TaxesStep 9: Get Organized and Keep Yourself InformedStep 1) Obtain an Employer Identification Number (EIN)?An EIN also known as the federal tax identification number, is used toidentify a business entity. Employers with employees, business partnerships,and corporations and other types of organizations must obtainan EIN from the U.S. Internal Revenue Service. The EIN is alsoknown as the Employer Tax ID/Form SS-4 and is required if one of thefollowing is true:19
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Small Business Guide - Welcome to Alabama A&M University

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