Areas Served: Morgan The purpose of the USDA Intermediary Relending Program (IRP) is to alleviate poverty and increase economic activity and employment in rural communities. Under the IRP program, loans are provided to the Rural Morgan County Industrial Development Board for the establishment of revolving loan funds in Morgan County Alabama. The rural businesses targeted
Read MoreAreas Served: All Alabama Counties The PowerSouth Energy Cooperative has two loan programs for Alabama businesses. The Alabama Economic Development Loan Program helps provide funding from commercial lenders for new and expanding companies not located in a community that does not receive federal Community Development Block Grants. The funding can be used to purchase land,
Read MoreAreas Served: All Alabama Counties Seedco Financial, a not-for-profit organization, focuses on small business lending in Alabama, which seeks to stimulate economic development in communities that are underserved by traditional banking institutions by providing affordable capital, hands-on business assistance, and innovative solutions to small businesses, not-for-profit organizations, and real estate developers. While much of the
Read MoreAreas Served: Mobile Alabama areas including Dauphin Street from Water Street on the east to Cedar Street on the west, and (ii) on Royal Street from Government Street on the south to The purpose of the Signage Improvement Grant Program (the SIG Program) is to provide grants to Downtown Mobile retailers for signage and sign-related
Read MoreAreas 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
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