Learn More about CDFI's and Small Business Resources in Alabama see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Cahaba Community Development, LLC
Demopolis Federal Credit Union
Hope Unity Fund Inc.
Prichard Federal Credit Union
Rural Rental Housing Fund, LLC
Stevenson Federal Credit Union
YWCA of Birmingham/YW Homes
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Business grants could be one of the most important financial tools that nearly all businesses would need. They may not be the single most significant support businesses could have, but they can get definitely help you start the business right....