States Served
Top Industries Financed
- Full-Service Restaurants
- Limited-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- Supermarkets and Other Grocery (except Convenience) Stores
- Child Day Care Services
Quick Summary
Alabama Community Development is an SBA-certified Certified Development Company (CDC) headquartered in Birmingham, Alabama. Since 2010, they have approved 6 SBA 504 loans totaling $4.4M, with an average loan size of $737K. They primarily serve Alabama businesses.
About Alabama Community Development
Alabama Community Development is an SBA-certified Certified Development Company (CDC) headquartered in Birmingham, Alabama. Since 2010, they have approved 6 SBA 504 loans totaling $4.4M, with an average loan size of $737K. They primarily serve businesses in Alabama.
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Frequently Asked Questions
What does Alabama Community Development do?
Alabama Community Development is an SBA-certified Certified Development Company (CDC) based in Birmingham, Alabama. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Alabama Community Development handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Alabama Community Development approved?
According to SBA FOIA public records, Alabama Community Development has approved 6 SBA 504 loans totaling $4.4M since 2010. Their average loan size is $737K.
What states does Alabama Community Development serve?
Alabama Community Development primarily serves businesses in Alabama.
How do I apply for an SBA 504 loan through Alabama Community Development?
To apply for an SBA 504 loan through Alabama Community Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
Get in Touch with This CDC
Contact Alabama Community Development
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