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AL
LendAL Small Business Loan Program
Provides SSBCI-backed lender financing to Alabama small businesses and entrepreneurs through private lending partners.
About this program
LendAL is Alabama's SSBCI-backed lending platform administered through Innovate Alabama to stimulate private sector lending to small businesses and entrepreneurs. The program partners with private lenders to extend credit that supports business growth, innovation, and job creation across the state.
Eligibility
Eligible applicants are Alabama small businesses and entrepreneurs seeking eligible business financing through participating private lenders under the SSBCI-backed LendAL program.
Requirements
- Business must be an eligible Alabama small business or entrepreneur.
- Business must seek financing through participating private lenders.
- Loan proceeds must support eligible business purposes under SSBCI requirements.