Areas Served: Birmingham, Alabama
The Community Development Float Loan Short term business financing through a City of Birmingham, Alabama “FLOAT Loan” funded by HUD Community Development Block Grant provides low-interest financing for a maximum term of 30 months and is available primarily for City of Birmingham qualified projects.
Loan terms average 18-24 months, with amounts ranging from $100,000 – $1,000,000. Eligible uses of CDBG funds include real estate acquisition, renovation and construction.
Contact Information
City of Birmingham Economic Development
Address: 710 North 20th Street
City: Birmingham
State: Alabama
Website:
https://ieo.birminghamal.gov/
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