The goal of our lending programs is to promote economic growth and investment in Alabama. Our primary target businesses are:
Eligible uses include the purchase and development of land and buildings, renovation or modification of existing buildings, purchase of machinery and equipment, and the provision of working capital.
We have a goal of one job for every $25,000, of assistance at minimum, so applicants must be willing to commit to create or retain one job for every $25,000, that they request.
In order to ensure owner/principal commitment to the business and the project, we require that all owners/principals personally guaranty each loan. We also require the commitment that the business will not relocate out of our region until the funds are paid back in full.