We understand that owning your own business can be tough work, that’s why we offer business development counseling to make sure you have the resources to be successful. Whether it’s a scholarship for training, an introduction to a business leader or assistance in setting up a bookkeeping system, North Alabama Revolving Loan Fund is committed to working with our clients to make sure they have the tools for success.
The North Alabama Revolving Loan Fund is a subsidiary of Neighborhood Concepts, Inc., a Huntsville-based non-profit focused on affordable housing and community development. Recognizing that strong neighborhoods need economic opportunities in order to thrive, NCI formed NARLF in 2012 to provide access to capital to small businesses that create or retain jobs in north Alabama communities. Initial funding for the loan fund was made possible with generous grants from the Food Bank of North Alabama and from the City of Huntsville.
Loans are available to businesses located in Colbert, Cullman, DeKalb, Franklin, Jackson, Lauderdale, Lawrence, Limestone, Madison, Marshall and Morgan counties. Preference is given to businesses in underserved communities within these counties.
In 2015, NARLF received U. S. Treasury certification as a Community Development Financial Institution, opening up additional opportunities to positively impact the north Alabama economy.