The Appalachian Loan Fund (ALF) is a locally controlled source of financing for businesses whose projects will result in the creation or retention of permanent full-time jobs for every $40,000 of ALF funds borrowed.
The Appalachian Loan Fund (ALF) is a locally controlled source of low cost, subordinate, fixed rate financing for businesses whose projects will result in the creation or retention of permanent full-time jobs. The ALF leverages third party lender investment (usually a bank or credit union) to provide loan assistance. The ALF is a revolving loan fund, so as loans are repaid, these funds once again become available to relend in the community. ALF loans are available to qualified businesses in Abbeville, Anderson, Cherokee, Fairfield, Greenville, Greenwood, Laurens, McCormick, Newberry, Oconee, Pickens, Spartanburg, and Union Counties. ALF funds can be used to finance land, building, machinery, equipment and working capital.