 | |  | |  | |  | |  | |  | |  | |  | |  | |  | |  | | | Carriage Academy received $75,000 for leasehold improvements to their daycare in Fairfield. |
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Seedco Financial in Alabama |
In 1999, Seedco opened an office in Birmingham (Jefferson County) because of its expanding activities in the Southeast. Through Seedco Financial's recent lending activities and enhanced technical assistance programs, the newly reorganized Alabama office has expanded its community development presence statewide.
Seedco Financial Lending Products
- Anchor Loans that generate investment, stimulate economic development, and create jobs in low-income communities through loans exceeding $1.5 million. Typically, Seedco Financial attempts to coordinate Anchor loans with New Markets Tax Credit allocations and other economic development financial mechanisms for large-scale projects with a minimum size of $1 million.
- Mid-level commercial and facilities development undertaken by nonprofit community-based lending organizations, human services faith- and community-based organizations, and non- and for-profit real estate developers to benefit our targeted low-income communities and their residents. Seedco Financial offers loans in amounts ranging from $200,000 to $1.5 million.
- Small business lending products for businesses suffering from a lack of access to affordable capital or that do not qualify for traditional sources of lending and are located in target low-income communities. Seedco Financial offers financing to small businesses in amounts of $25,000 to $200,000.
- Micro businesses that are disconnected from mainstream financing and typically, locally-owned with few employees. Loans to micro businesses are up to $25,000.
For more information about Seedco Financial's Alabama lending programs, please contact Courtney Snelling at (205) 715-2710 or by email, or Ivan Holloway at (205) 715-2712 or by email.
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