Financing
- Industrial Revenue Bond (IRB) financing available for
land, buildings and equipment.
- Local and regional development organizations (more than
100) throughout the state which assist in securing loan assistance.
- Federal loan guarantees (SBA, EDA, USDA/Rural Development)
available in the majority of Alabama's counties
- Aggressive commercial lending sources such as banks,
insurance companies, and savings and loan associations in more than 2,300 locations with
assets of more than $60 billion.
- Federal and state infrastructure programs available.
- Community Development Block Grants (CDBG) can be used to
fund the extension of water,sewer, and road facilities.
- Section 108 loan guarantee provides communities with an
efficient source of financing for economic development and large-scale physical
development projects.
- Tennessee Valley Authority's economic development loan
fund is a multi-million dollar revolving loan program that provides financing for new
industrial plants, plant expansions, plant retention, and infrastructure development such
as speculative industrial buildings and industrial parks.
Source: Alabama Development Office