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Innovate Alabama LendAL — SSBCI Credit Enhancement

State Small Business Credit Initiative credit enhancements reducing lender risk for Alabama small businesses including Native American-owned firms, with Treasury SEDI criteria prioritizing socially and economically disadvantaged individuals.

About this program

Visit the program website for full details.

Eligibility

Small businesses operating in Alabama or whose loan proceeds will be spent in Alabama.

Requirements

  • Business must be headquartered in Alabama or loan proceeds must be spent in Alabama
  • Must work through an approved LendAL lender