Areas Served: Baldwin County
The Baldwin County Economic Development Alliance provides micro business loans for industrial or technology oriented businesses up to $20,000 in Baldwin County, Alabama.
The money borrowed under this program can be used for the purchase of machinery, equipment, furniture, fixtures, inventory and working capital.
The loan cannot be used to pay existing debts.
The term of the loan will depend on the amount borrowed, the use of funds and the collateral offered.
Funds can be used for:
– Acquisition, or construction of industrial and commercial buildings and structures
– Purchase of capitalized machinery and equipment with a useful life of at least five years
– Acquisition of real property for economic development purposes only
– Rehabilitation of deteriorated buildings occupied by the borrower
Contact InformationBaldwin County Economic Development Alliance
Address: PO Box 1340
City: Robertsdale
State: Alabama
Website:
http://www.baldwineda.com
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