Tuesday, March 18, 2008

Microloan Program In Alabama

A new Alabama SBA-backed program is stepping in where conventional loans dare not go.


Seedco Financial has received $750,000 from the Small Business Administration to launch a microloan program to boost business development in Alabama's Black Belt and other communities.

Eligible counties are Choctaw, Dallas, Greene, Hale, Jefferson, Lowndes, Macon, Madison, Mobile, Montgomery, Perry, Pickens, Sumter, Tuscaloosa and Wilcox. The SBA Microloan funding will complement Seedco Financial's $4 million loan fund for Alabama small businesses and affordable housing projects.

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