Areas Served: portions of Baldwin, Conecuh, Covington, Escambia and Monroe counties Southern Pine has established a Revolving Loan Fund (RLF)for Alabama businesses in portions of Baldwin, Conecuh, Covington, Escambia and Monroe counties. The fund is a pool of capital derived from grant monies, as well as money provided by the cooperative. The purpose of the
Read MoreAreas Served: Bessemer Alabama A revolving loan fund for businesses in Bessemer Alabama is available to credit-worthy firms or developers for up to 40% financing of a project’s total fixed-asset costs, in amounts ranging from $20,000 to $200,000. Generally, the term is in the range of ten to fifteen years, with a fixed rate of
Read MoreAreas 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
Read MoreAreas Served: City of Birmingham The Birmingham Business Development Stimulus Loan Program is designed to assist Birmingham based businesses with an alternative option for small business financing. This loan initiative was developed to create financial opportunities for developers and entrepreneurs thus encouraging increased economic development projects in the City of Birmingham. Under this program applicants
Read MoreAreas Served: Jefferson County The Economic Development Loan Program from the Jefferson County Office of Economic Development provides business loans through several programs ranging from short-term construction financing, infrastructure loans and GAP financing to long-term financing loan guarantees for Jefferson County Alabama. All loans are dependent upon the creation of jobs, a majority of which
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