• NCI News

Revolving Loan Fund works to eliminate poverty and hunger one microloan at a time

Article by Mike Kelley with
Huntsville, Alabama – October 10, 2014

You’re a small entrepreneur with a dream. A small loan would help get you get there, but your bank is not interested in your vision. Who do you call? The Neighborhood Concepts new Revolving Loan Fund may be your answer. Tailor-made for small start-ups or small businesses needing a microloan to expand, the new program makes “microloans,” from as little as $2,500 to as much as $100,000.

Opportunity Fair related to construction of Clarkston Square Apartments

Opportunity Fair related to construction of Clarkston Square Apartments

Neighborhood Concepts is co-hosting an Opportunity Fair for prospective contractors and low and very low income residents of Huntsville on Wednesday, October 1st to make each aware of contracting and employment opportunities related to the construction of Clarkston Square Apartments.

Court Street Market, LLC

A dream realized. That is how NARLF client Carmen Macias Erdman describes the beautifully renovated space that is now the Court Street Market in Florence. Home to local artisan vendors, the two-story indoor market offers variety under one roof.

Revitalization of City Neighborhood

City of Huntsville officials were on hand for the dedication of the Spring Branch community on Thursday, November 14th at 11:30 am.  In 2012, local non-profit Neighborhood Concepts, Inc. spearheaded a revitalization of an aging apartment complex that resulted in 70 renovated affordable apartment homes, a community splash park and a community garden.

Red Gingham Gourmet, LLC

Red Gingham Gourmet, a Florence‐based producer of fully cooked, frozen cornbread muffins, recently received financing from the North Alabama Revolving Loan Fund (NARLF) that will allow the company to increase production and expand into new markets.

City of Huntsville Welcomes New Housing for Seniors

Neighborhood Concepts recently celebrated the grand opening of Franklin Hills Apartments in Huntsville, Alabama.   Conveniently located at 5300 Millennium Drive, just minutes from University Drive and Research Park Boulevard, Franklin Hills offers 1 and 2 bedroom apartment homes for seniors 55 and older.

Pilot Loan Program for Black Belt Farmers

NARLF has partnered with Emerging ChangeMakers Network (ECN), a Mobile-based non-profit, to establish a pilot loan program to assist farmers in the Black Belt Region in accessing capital that will allow them to expand their production. This pilot program will provide funding to make multiple small loans between $1,000 and $5,000 to farmers in a value chain with the Deep South Food Alliance for their Leafy Green Value Chain Project.