ADECA Small Business Credit Initiative

Montgomery, AL 36103, USA

The Alabama Department of Economic and Community Affairs (ADECA) runs this U.S. Treasury program that guarantees term loans or lines of credit to new and existing small businesses. Working with local banks, the SSBCI has a $5 million dollar cap and loan proceeds must be used for a business purpose to include start-up costs, working capital, business procurement, franchise fees, equipment, construction, renovation, tenant improvements, and other associated business costs.