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Community Development Financial Institutions in Alabama
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:
- Community Development Loan Funds
- Community Development Credit Unions
- Community Development Banks - Including Thrifts and Holding Companies
- Community Development Venture Capital Funds
SBDC | 
SCORE | 
WBC |
Other SBA Partner | 
CDFI
Cahaba Community Development, LLC
Birmingham
Demopolis Federal Credit Union
Demopolis
Hope Unity Fund Inc.
Gadsden
Prichard Federal Credit Union
Prichard
Rural Rental Housing Fund, LLC
Tuscaloosa
Stevenson Federal Credit Union
Stevenson
YWCA of Birmingham/YW Homes
Birmingham
Featured Government Grant Resources
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
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