Areas Served: Bessemer Alabama
The Bessemer IBD Revolving Loan Fund provides up to 25% financing for businesses located in Bessemer Alabama of a project’s total costs, in amounts ranging from $10,000 to $75,000. Loans from this fund are generally used for small business start-ups or small equipment purchases.
These loans carry a below prime rate of interest fixed for the duration of the loan term, but amortized over a five to ten year period.
Restrictions apply for assistance under this loan program.
Contact InformationBessemer Industrial Development Board
Address: 1800 Third Avenue North
City: Bessemer
State: Alabama
Website:
http://www.bessemer.biz/
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