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The South Central Alabama Development Commission’s Revolving Loan Fund (RLF) Program is a locally controlled source of capital used to provide gap financing to start-up and expanding businesses in Montgomery, Bullock, Butler, Crenshaw, Lowndes, Macon, and Pike counties. The primary goal of the program is to stimulate the economy through the creation of local jobs. The RLF targets small to medium-sized businesses, which are financially sound but are unable to secure adequate financing for start-up or expansion projects. Loans can be made for financing land, buildings, equipment, and working capital. The RLF was not established to compete with private lending institutions but to complement commercial lending programs by providing necessary “gap finance” once the bank and owner have reached their financial limits.

Additional funds are currently available to assist businesses and industries in Montgomery county. These funds have specifically targeted the Montgomery area in order to stimulate economic activity and support the creation of jobs in this region.

Applications can be downloaded from this site and submitted by mail or e-mail.  For more information about SCADC’s RLF please contact the following:

James Paterson
Phone- 334-244-6903 ext. 140;
Email – rlf@scadc.net or jpaterson@scadc.net

Program Description
Our business and project loans are ideal for Startups and Expanding businesses and financing is available for up to 100% of project costs. Our aim is to address the following Six (6) Needs:

1. Business Support
2. Entrepreneurship
3. Expansion and Growth
4. Sustainable Development
5. Workforce Development
6. Economic Leadership and Funding

Additional Information on the Revolving Loan Fund

Business Needs
Almost any business reason. Construction, Machinery, Equipment, Inventory, Payroll

Types of Businesses
Industry, Commercial, and Service Businesses

Minimum Years in Business
None

Interest Rate
Dependent upon the use, but VERY competitive

Terms Working Capital
Up to 7 years

Machinery/Equipment
5-10 years

Real Property
7-12 years

Payments
Fixed Monthly Payments

Loan Amounts
$10,000 minimum / $200,000 maximum

SCADC has experienced continued success over the past 15 years in its GIS and mapping capabilities. SCADC began to develop a basic GIS system to supplement and aid its planning and economic development department and to meet the growing demands of its local governments. SCADC has significantly increased awareness of GIS and has successfully educated many local officials and their staffs on the benefits of computer-aided mapping. Numerous GIS and planning projects over the years have developed the agency’s extensive database. SCADC’s GIS data includes tax parcels, roads, utility lines, soils, census data, topography, and community facilities. The data sets or (layers) are combined to create maps depicting community resources and areas of deficiency. GIS can readily make available information relating to water, wastewater, land use, municipal boundaries, railroads, bridges, utility lines, roadways, school districts, voting precincts, industrial sites, telecommunications, and other information that assist local governments in making informed decisions.

GIS continues to play a large and ever increasing role for SCADC and has lead to its participation in several statewide initiatives. The Alabama Department of Economic and Community Affairs (ADECA) recently established a GIS Initiative. ADECA partnered with the 12 regional planning commissions to create a statewide GIS database of municipal water systems. Interactive digital maps of the water infrastructure are important for community and economic development, emergency planning, and resource management. SCADC is working with its counties and municipalities to secure funds and develop digital databases, which adhere to the standard set forth by ADECA. To date, Macon County mapping has been completed and the City of Tuskegee, Bullock County, Lowndes County, and Fort Deposit are currently underway. SCADC will continue this effort until all public water infrastructure in the region has been digitized and formatted to complete this statewide project.

The SCADC offers community planning services and technical assistance to member governments to help them make long-range and short-term plans for growth and development. Planning and technical assistance services may include comprehensive plans, land use plans, hazard mitigation plans, strategic plans, economic development strategies, annexation studies, feasibility studies, recreation and open space plans, subdivision regulations, zoning ordinances, data collection, and interpretation of local land use regulations. When communities plan for their future, they are better equipped to create an environment in which people can thrive.

Depending on the size and magnitude of the planning project, SCADC helps member governments obtain funding assistance through a variety of sources such as Community Development Block Grants, Appalachian Regional Commission, Economic Development Authority, Delta Regional Authority, Blackbelt Commission, and other non-profit funding organizations. SCADC also works collaboratively with educational institutions to bring research and additional resources to our communities.

In providing these services, SCADC helps create communities that are healthy and inviting places to live, work and play.

SCADC provides technical assistance to local governments to address a variety of community development needs, including water and wastewater improvements, parks and recreational facilities, senior centers, community centers, fire and police equipment, libraries, historic preservation, walking and biking trails, and other community facilities that enhance the quality of life in the region. The SCADC staff provides guidance to its cities and counties in budgeting and financial management of capital improvement projects, state and federal grant administration, procurement, and other services as requested by member governments. We provide information and public policy options to local governments based on sound research and analysis.

SCADC’s planning staff is highly experienced in project development and grant administration and works closely with numerous state and federal agencies. Carefully planned projects are developed through the coordination of relevant public and private organizational resources. Agencies that frequently partner with SCADC to assist with community development projects include: Alabama Department of Economic and Community Affairs (ADECA); Appalachian Regional Commission (ARC); Delta Regional Authority (DRA); National Park Service; U.S. Department of Agriculture (USDA) Rural Development; and the U.S. Department of Transportation.