The Appalachian Loan Fund (ALF) is a local source of financing for businesses whose projects will result in the creation or retention of full-time jobs for every $40,000 of ALF funds borrowed.
These funds are a 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 partners with a lender to provide loan assistance to businesses located in Anderson, Cherokee, Greenville, Oconee, Pickens, and Spartanburg counties. The ADC can also provide a direct loan in some cases. These funds can be used for fixed assets such as real estate and equipment, working capital, and leasehold improvements.
