Areas Served: All Alabama Counties The Alabama Plan for Linked Deposits is a program for businesses operated as a division of the State Treasurer’s Office. It allows the State Treasurer to make deposits in state banks on which banks pay 2% below the normal interest rate paid to the state for its funds. The reduction
Read MoreAreas 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
Read MoreAreas Served: Blount, Chilton, Jefferson, Shelby, St. Clair, or Walker County The Regional Planning Commission of Greater Birmingham Microlending program provides Alabama small businesses in Blount, Chilton, Jefferson, Shelby, St. Clair, and Walker Counties with affordable loans of $35,000, or less for working capital or the acquisition of materials, supplies, furniture, fixtures, or equipment. Terms
Read MoreAreas Served: Barbour, Coffee, Covington, Dale, Geneva, Henry, Houston The SEARP&DC Rural Business Enterprise Grant/Microloan Revolving Loan Fund Program is a locally controlled source of capital used to finance startup and expanding businesses or entrepreneurial projects in rural areas of Barbour, Coffee, Covington, Dale, Geneva, Henry and Houston Counties. This loan is a direct loan
Read MoreAreas Served: Opelika Alabama The Opelika Low Interest Loan Improvement Program is offered by eight areas banks with a 1% below prime interest rate for loans to be used for improvements to a building located in the downtown district. A listing of participating banks and additional information can be obtained at the Main Street office.
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