Loans are offered by the City of Auburn through the CDBG Section 108 program, which provides small business loan opportunities for local entrepreneurs. These loans exist for growth and increased capacity, and business owners are required to create permanent jobs principally for low- and moderate-income citizens. Available loans include the Section 108 Commercial Loan Program and Section 108 Microloan Program. Contact Kevin Howard for eligibility and additional information on these programs.
The City of Auburn works closely with the Alabama Small Business Development Center (SBDC) at Auburn University. The SBDC offers professional consultation to business owners and prospective business owners. For more information on the SBDC, please visit the Small Business Development Center at Auburn University website.
The Lee-Russell Council of Governments offers a Revolving Loan Fund Program which provides low-interest, long-term gap financing to small and medium-sized businesses located in Lee and Russell counties. For more information on this program, please visit the Council of Governments Revolving Loan Fund webpage.