State Small Business Credit Initiative

The Alabama Department of Economic and Community Affairs (ADECA) offers the state Loan Guaranty program. It is designed to enable lenders to make term loans or provide lines of credit to new or existing small businesses in this difficult credit environment. The state guarantee will be for 50 percent of the principal value of the loan, and the state will share equally with the lender in losses resulting from loan defaults. The loan proceeds must be used for a “business purpose.” 

Conventional Loans (non-Government Participating)

Through our relationships we can offer the following traditional loans through any number of our lending partners. These would typically be Owner-Occupied Commercial Properties that could possibly be eligible for an SBA participation but for some reason it might be a better fit to look at the loan without SBA. These loans would be limited to 80% - 85% Loan to Cost and generally offer a shorter-term amortization. However, it is something we would gladly consider if SBA lending does not fit your application.