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Helping Entrepreneurs Grow Culverhouse
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BLX Community Express Loan
The BLX Community Express Loan is a financing option for businesses in Alabama. BLX loans provide working capital to small businesses, from $5,000 to $50,000. The loan is unsecured, has a ten-year term and the interest is tied to the prime rate. All fees are deducted from loan proceeds; meaning that you only pay the fee if you are approved. All industries are considered and start-up and existing businesses are both eligible for the program. An application is SBA Loan guarantee (7a) fundamentalsavailable online at http://www.blxonline.com/community_express.cfm , or you can get one by visiting or calling our office. If you apply online, please let a representative of our office know, so that they can help you with the process.
Also, existing businesses that have been in operation for at least 24 months can also qualify for a small business loan, up to $50,000, through Capital One, the application is completed online and can be found at http://capitalone.com/smallbusiness/loans/business_loan.php.
If you have any questions regarding either of these loans or other loans available to small businesses, please contact our office at:
(205) 348-7011
Fax: (205) 348-9644Small Business Development Center
250 Bidgood Hall
Box 870397
Tuscaloosa, Alabama 35487-0397