Financial Services
GROWING
Financing IMPACT
We’re providing technical assistance and a revolving, low-interest loan pool to support current and future small business owners operating in the Historic 4th Avenue Business District, Civil Rights District, and city of Birmingham. The Birmingham Community Impact Fund, administered by Urban Impact and a community loan fund committee, will offer loans from $500 to $25,000 to qualifying women and minority small business owners in the targeted communities.
BCIF
PRODUCTS
All interest rates are 5% and under | Terms are six (6) to 60 months
Credit Builder Loan
- Establish credit and repayment discipline for first-time microbusiness borrowers.
- Microbusiness with less than 12 months of operating/financial history
- $500 – $5,000
Microenterprise Loan
- Support working capital and small asset needs of existing microbusinesses
- Microbusinesses operating ≥12 months
- $5,001 – $10,000
Small Business Growth Loan
- Finance growth and expansion for established businesses
- Businesses operating ≥24 months
- $10,001 – $25,000
