Areas Served: Autauga, Baldwin, Barbour, Butler, Bullock, Choctaw, Clarke, Coffee, Conecuh, Covington, Crenshaw, Dale, Dallas, Escambia, Geneva, Greene, Henry, Houston, Lee, Lowndes, Marengo, Mobile, Monroe, Montgomery, Perry, Pike, Russell, Sumter, Washington, Wilcox
The SBA Microloan Program 7(m) provides small, short-term loans to small businesses.
The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance.
These intermediaries make loans to eligible borrowers.
The maximum loan amount is $50,000. SBA Microloan funds may be used for: – Working capital – Purchase of inventory or supplies – Purchase of furniture or fixtures – Purchase of machinery or equipment Proceeds from a microloan cannot be used to pay existing debts or to purchase real estate.
Community Enterprise Investments, Inc. offers the SBA 7(m) Microloan Program to businesses in Autauga, Baldwin, Barbour, Butler, Bullock, Choctaw, Clarke, Coffee, Conecuh, Covington, Crenshaw, Dale, Dallas, Escambia, Geneva, Greene, Henry, Houston, Lee, Lowndes, Marengo, Mobile, Monroe, Montgomery, Perry, Pike, Russell, Sumter, Washington and Wilcox Counties in Alabama.
Contact InformationCommunity Enterprise Investments, Inc.
Address: 302 North Barcelona Street
City: Pensacola
State: Florida
Website:
http://www.ceii-cdc.org
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