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About Alacom Finance

Alacom Finance is a private, not -for-profit corporation working in the public interest to provide financing, management consultation, and related services to For-Profit Businesses in Alabama, Northwest Florida, Mississippi, and Western Tennessee. Founded as Alabama Community Development Corporation in 1981, Alacom Finance is an economic development lender, certified by the federal government to provide Title V Loans.

Diane RoehrigOur President, Diane Roehrig,  is a national leader in economic development lending. For many years, she served as an officer of the National Association of Development Companies, and on other national and local boards. She influenced much of the federal legislation affecting small business lending enacted since 1984.  

An industry leader, Alacom Finance was among the first 23 certified development companies recognized nationally as an Accredited Lender. Alacom Finance also offers Priority Closings and is a participant in the SBA 504 Liquidation Program. No other CDC within Alacom Finance's territory has earned these designations which, among other benefits, guarantee Alacom Finance borrowers faster turnarounds on loan approvals and eliminates unnecessary supervision at closing.

Alacom Finance is entirely self-supporting and does not accept operating funds from any city, county, or state agency. Our funding comes statutory fees associated with the loan programs we administer, consultation fees with individuals and local governments, and management contracts associated with various municipal economic development projects.

A twenty-six member governing body chosen from four categories: business leaders, private sector lenders, community organization, business organization, and government, oversees our operation.

Alacom Finance is one of the Southeast's lending providers of economic development money through the SBA 504 Loan Program  with approvals exceeding $163 million. Participating bank financing has generated an additional $ 400 million in funding for small business growth.

In addition to providing and servicing The Alacom 504 Loan, we also offer expertise in many other programs, and are known nationally for structuring innovative loan packages for businesses. Some of the financial tools we offer include:

  • Packaging of 7(a) Guaranty Loans
  • Secondary Market Assistance & Sales
  • Export/Import Loans   
  • USDA Business & Industry Loans
  • Special Purpose Financing
  • Non Recourse Loan Assistance
  • Economic Development Assistance
  • Business Management Consulting
  • Commercial Development
  • Multi-Tenant Residential
  • Purchase of Business Notes, Owner Held Notes, life insurance equity and one time settlements

Referrals to: Bankers, Non-Banker Lenders, CPA's, Attorneys, Factors, Equipment Leasing, Purchase Order/ Contract Sales Financing, And State, County, Local Economic Development Programs, etc..........

***Special Financing Options through
    Broker Alliances for Larger Projects