Banks
There
are over 20 banks and credit unions in Baldwin County. Each has its own set
of guidelines for the types of loans they will make and the collateral
required.
South Alabama Regional Planning Commission
www.sarpc.org
Gap
financing up to $125,000 based on the number of jobs created. The objective
is to fill the gap between the business’s need for capital and what the bank
is willing to lend. A bank must provide at least two-thirds of the loan.
Revolving Loan Programs
Several revolving loan programs and micro-loan programs exist in the area,
each with its own specific objectives and guidelines:
-
Community Enterprise
Investments, Inc.
www.ceii-cdc.org
-
Baldwin County Economic
Development Alliance
www.baldwineda.com
-
Baldwin EMC
www.baldwinemc.com
Accounts Receivable Financing
Factoring companies specialize in financing receivables.
-
Presidential Finance
www.presfin.com
-
Some banks in the area also
provide this service
Business Loan Packagers
These
are the only companies in the area that can do SBA 504 loan packaging.
-
Southern Development Council
www.sdcinc.org
-
Greater Mobile Development
Corporation (251) 208-7591
-
Alabama Small Business Capital
www.fbdc.net
Other businesses that would benefit
from your business succeeding
Sometimes a good customer or supplier can be both a source of capital and
business leads, either as a partner, an investor, or as a lender.
Seed/angel/venture capital/CAPCO’s
The
Baldwin County Economic Development Alliance partners with an active equity capital
group of investors for the Baldwin-Mobile area. Contact Bob Higgins (251)
970-4081 |
