Business Grants and Loans in Alabama: Funding for Your Alabama Business

Do you own or operate a business in Alabama? If you need funding for your business, you may want to consider applying for a grant or loan. Below, you’ll find grants and loans that are only available for Alabama employers. Keep reading!


Department or Agency: Commercial Development Authority (CDA) of the City of Jacksonville

Loan or Grant title: CDA Business Development Grant Program

Businesses located within the boundaries of the city of Jacksonville may be eligible to apply for this grant program focused on the development of commercial business in the area. The loan amount is up to $5,000 for use on new, expanding, and transitioning business expenses.


Department or Agency: The Alabama Department of Commerce

Loan or Grant title: Alabama Small Business Credit Initiative

Alabama businesses that have been in operation for at least two years and have less than 500 employees may be eligible for the Alabama Small Business Credit Initiative. The maximum grant amount is $50,000. Funds can be applied toward start-up costs, business procurement, and the purchase of equipment—among other business costs.


Department or Agency: Community Foundation of West Alabama

Loan or Grant title: Small Business Relief Fund

Businesses may be eligible if they have experienced a financial hardship due to COVID-19, have 50 or fewer employees, are in good standing with state and local government, and are located in one of the following counties: Bibb, Fayette, Greene, Hale, Lamar, Marengo, Pickens, Sumter, or Tuscaloosa.


Department or Agency: West Alabama Regional Commission

Loan or Grant title: West Alabama Regional Commission Revolving Loan Fund

The West Alabama Regional Commission Revolving Loan Fund helps businesses create new jobs or retain jobs for citizens of West Alabama. Businesses located in Bibb, Fayette, Greene, Hale, Lamar, Pickens, or Tuscaloosa counties are eligible to apply. Loan funds range from $10,000 to $250,000 and have fixed interest rates and flexible loan terms. Revolving loans can be used toward land and buildings, construction, renovations, equipment, and working capital. 


Department or Agency: Southeast Alabama Regional Planning & Development Commission (SEARP&DC)

Loan or Grant title: SEARP&DC Intermediary Relending Program

Any business in the following counties is eligible to apply: Barbour, Coffee, Covington, Dale, Geneva, Henry, and Houston County. Awarded funds of up to $150,000 can be used to finance a land purchase, building construction or renovation, machinery, or equipment. 


Department or Agency: Southeast Alabama Regional Planning and Development Commission

Loan or Grant title: Revolving Loan Fund

The primary purpose of this loan fund is to create jobs in the Southeast areas of Alabama. Businesses in Barbour, Coffee, Covington, Dale, Geneva, Henry, or Houston County may be eligible to apply. The loan amount ranges between $10,000 and $125,000—however, funds are limited to $10,000 per job and 33 percent of a project. Funds can be used to purchase and develop land, construct new buildings, renovate existing buildings, or purchase equipment. Up to 30 percent of the loan can be used toward working capital.


Department or Agency: City of Oxford

Loan or Title grant: Facade Improvement Grant

Business owners and commercial building owners in Oxford, Alabama who are interested in improving their property may be eligible for this grant program. The grant provides up to $2,000 per address and per year, to be used on areas visible to the public from the outside of the building. This can include the shutters, windows, gates, and other parts of the front, back, or sides of the building. 


Department or Agency: City of Oxford

Loan or Title grant: Sign Improvement Grant

Developers and commercial building owners in Oxford, Alabama, who wish to improve signage may be eligible to apply for the Sign Improvement Grant. Funds for this grant are available up to $1,000 per address and per year for brick-and-mortar businesses, and up to $500 per address and per year for mobile businesses. You may only apply for one category—either brick-and-mortar or mobile, not both. Funds can be used for new signage or to restore existing signage.


Department or Agency: City of Auburn

Loan or Title grant: Microloan Program

Small businesses may be eligible to apply for a microloan of up to $35,000 through the City of Auburn. The loans can be used for working capital, inventory, supplies, machinery, equipment, and real estate purchases.


Back to top