Main Local Economy Information in Alabama
Alabama's economy is diversified with key industries including aerospace, finance, manufacturing, and bioscience. The state is also a significant producer of automobiles, textiles, and forest products.
Your Alabama and Local Small Business Funding Guide
Alabama offers various funding options for small businesses including state-specific grants, loans, and incentive programs aimed at fostering local entrepreneurship.
Small Businesses in Alabama
Small businesses in Alabama constitute a large portion of the state's economy, providing jobs and contributing to local development. Support for these businesses is available through various state and federal programs.
Documents Needed to Get a Small Business Loan in Alabama
- Business plan
- Financial statements or projections
- Personal and business tax returns
- Credit history
- Legal documents (e.g., articles of incorporation, commercial leases)
Alabama Department of Commerce: Key Functions and Contact Information
Website URL: Alabama Department of Commerce
Phone: [334-242-0400]
Address: 401 Adams Avenue, Montgomery, AL 36104
Local Resources in Alabama
Local resources for small businesses in Alabama include Small Business Development Centers (SBDCs), SCORE mentors, and local chambers of commerce.
How to be Successful with Business Funding in Alabama
Success in obtaining business funding in Alabama typically involves a thorough understanding of available resources, a well-crafted business plan, and a strong network of local support.
SBA Resources in Alabama
The Small Business Administration (SBA) offers a variety of resources including:
- SBA loans
- Training and counseling services through SBDCs
- Specific programs for minorities, women, and veterans