Local Resources for Businesses

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Birmingham Strong Small Business Loan Fund

  • The #BHMStrong Fund exists to immediately support small businesses affected by COVID-19 who are awaiting state or federal relief funding or a more stable business environment. Approved loans must be used to support one or more of these efforts: limit reductions in payroll or staff size, maintain business operations, or fund a business model reconfiguration in response to COVID-19. Request a #BHMStrong Loan application here.

West Alabama Small Business Fund

  • If you’re a business in Bibb, Fayette, Greene, Hale, Lamar, Marengo, Pickens, Sumter, or Tuscaloosa Counties with 2 – 50 (FTE) employees as of February 29, 2020 and you experienced direct loss because of COVID-19, you may be eligible for a special loan from the West Alabama Community Foundation Small Business Relief fund. You can find out more here and apply here.

Auburn Interest Subsidy Program

Mobile County Small Business Relief Fund

  • The Small Business Relief Fund Program is a collaborative effort between the Mobile County Commission and the Mobile Area Chamber of Commerce designed to promote economic development by providing immediate grant funding to Mobile County small businesses that are experiencing extreme hardships as a result of the Coronavirus (COVID-19) crisis.

Do you have a program or know of an initiative not listed above that could be helpful? Please let us know!

Sabre Finance’s Smart Lending Program

Counties: Blount, Chilton, Jefferson, Shelby, St. Clair and Walker

  • Sabre Finance is a nonprofit lender that seeks to promote economic growth and investment through the provision of financial and technical assistance programs. IF YOUR SMALL BUSINESS IS CURRENTLY STRUGGLING OR HAS QUESTIONS REGARDING OPERATING DURING THIS UNCERTAIN TIME DUE TO COVID-19, PLEASE REACH OUT TO A SABRE TEAM MEMBER FOR MORE INFORMATION. WE ARE HERE TO ASSIST AND PROVIDE GUIDANCE DURING THIS TIME. You can email Sabre directly at [email protected].

North Alabama Revolving Loan Fund: Apply Here (NARLF)

Counties: Lauderdale, Colbert, Franklin, Lawrence, Limestone, Madison, Morgan, Cullman, Jackson, Marshall, DeKalb

Do you have a program or know of an initiative not listed above that could be helpful? Please let us know!

Alabama-Tombigbee Regional Commission (ATRC): Revolving Loan Fund.

Counties: Choctaw, Clarke, Conecuh, Dallas, Marengo, Monroe, Perry, Sumter, Washington, Wilcox

  • The Alabama-Tombigbee Regional Commission Revolving Loan Fund Program (ATRC/RLF) is a locally controlled source of capital used to finance start-up and expanding businesses whose projects will create and retain permanent jobs and leverage private sector investments. To learn how the ATRC Revolving Loan Fund can assist you, click on the link above.

Central Alabama Regional Planning and Development Commission (CARPDC) Revolving Loan Fund. 

Counties: Autauga, Elmore, Montgomery

  • The CARPDC Revolving Loan Fund (RLF) program enables CARPDC, in collaboration with a private lender, to financially assist small and medium sized businesses. Loans address working capital, equipment, construction, and other essential needs. To learn how the CARPDC Revolving Loan Fund can assist you, click on the link above.

East Alabama Regional Planning and Development Commission (EARPDC): Revolving Loan Fund. 

Counties: Calhoun, Chambers, Cherokee, Clay, Cleburne, Coosa, Etowah, Randolph, Talladega and Tallapoosa

  • The EARPDC Revolving Loan Fund provides gap financing for business and industry to stimulate economic development. The Program’s primary goal is to reduce unemployment and create new jobs by providing gap financing for businesses that are financially healthy and growing, but cannot obtain adequate financing to carry out an expansion or start-up project. To learn how the EARPDC Revolving Loan Fund can assist you, click on the link above.

The Lee-Russell Council of Governments (LRCOG): Revolving Loan Fund.

Counties: Lee, Russell

  • The LRCOG Revolving Loan Fund provides low-interest, long-term financing to small and medium-sized businesses. The program is intended to fill the gap between what the bank can lend and what the borrower can provide in equity. Loans address working capital, equipment, construction, and other essential needs. To learn how the LRCOG Revolving Loan Fund can assist you, click on the link above.

NARCOG Small Business Fund: Apply Here (NARCOG)

Counties: Cullman, Lawrence, Morgan

  • The NARCOG Small Business Fund is a locally controlled source of capital used to finance start-up and expanding businesses whose projects will result in job creation, leverage private sector investment, and reduce unemployment in Cullman, Lawrence, or Morgan Counties. For NARCOG Small Business Fund loan details, click here. To apply for a loan, click here.

NACOLG Revolving Loan Fund: Apply Here (NACOLG)

Counties: Colbert, Franklin, Lauderdale, Marion and Winston

  • The NACOLG Revolving Loan Fund is an important economic development tool consisting of locally controlled capital being used to finance new or expanding businesses to create or retain jobs: the program targets small to medium sized businesses and small manufacturing companies. To learn how the NACOLG Revolving Loan Fund can assist you, click on the link above.

South Alabama Regional Planning Commission (SARPC): Revolving Loan Fund. 

Counties: Baldwin, Escambia, and Mobile

  • The SARPC Revolving Loan Fund (RLF) is a locally controlled source of capital used to finance small business start-up and expansion whose projects will create permanent jobs. By combining RLF and bank financing, the borrower can realize well below market rates. Loans address working capital, equipment, construction, and other essential needs. To learn how the SARPC Revolving Loan Fund can assist you, click on the link above.

The South Central Alabama Development Commission (SCADC): Revolving Loan Fund. 

Counties: Bullock, Butler, Crenshaw, Lowndes, Macon, and Pike

  • The SCADC Revolving Loan Fund (RLF) Program is a locally controlled source of capital used to provide gap financing to start-up and expanding businesses. Loans can be made for financing land, buildings, equipment, and working capital. To learn how the SCADC Revolving Loan Fund can assist you, click on the link above.

Southeast Alabama Regional Planning and Development Commission (SEARPDC): Revolving Loan Fund.

Counties: Barbour, Coffee, Covington, Dale, Geneva, Henry and Houston

  • The SEARPDC Revolving Loan Fund focuses on financing start-up and existing businesses whose projects will create permanent jobs. Typical allocation of capital addresses needs associated with working capital, renovation, and land/buildings/equipment costs. To learn how the SEARPDC Revolving Loan Fund can assist you, click on the link above. Due to impacts from COVID-19/Coronavirus, certain services are limited including our switchboard. If you are calling our office, please go to https://www.searpdc.org/contact-us/ to leave voice messages or go to https://www.searpdc.org/about-us/employee-directory/ to send an email to one of our staff members. Thank you!

TARCOG Revolving Loan Fund: Apply Here (TARCOG)

Counties: DeKalb, Jackson, Limestone, Madison, and Marshall 

  • TARCOG operates a Revolving Loan Fund (RLF) that helps local businesses finance expansions or obtain start-up capital. Loan amounts are generally $25,000 – $200,000 (although exceptions can be made) and there is a job creation (or retention) requirement.

NOTE: Due to our current public health situation, TARCOG has transitioned to a telework environment effective 3/18/2020.  They are regularly checking voicemails and emails so please feel free to contact them by phone (256-830-0818) or email ([email protected]).

The West Alabama Regional Commission (WARC): Revolving Loan Fund. 

Counties: Bibb, Fayette, Greene, Hale, Lamar, Pickens and Tuscaloosa

  • The WARC Revolving Loan Fund operates for the purpose of assisting small local businesses and industries in their start-up and expansion activities: the goal of the program is to create new jobs for citizens of West Alabama, and RLF provides gap financing that is not available from commercial lenders. To learn how the WARC Revolving Loan Fund can assist you, click on the link above.

Do you have a program or know of an initiative not listed above that could be helpful? Please let us know!

Do you have a program or know of an initiative not listed above that could be helpful?

Please let us know!