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Alabama Small Business Grants
With more than $10,008.00 million dollars in grants and additional local government funding sources of $7,610.00 million dollars, the majority of the federal budget in government grants is put into the business sector every year as small businesses and large corporations are the foundation of the economic growth in Alabama. There are 77,035 business establishments in the state of Alabama, and they break down to the following:
Alabama Business Sector Breakdown by Size:
- 42,158 registered businesses in Alabama have 0 to 4 employees. People who work at home with sole proprietorship are included in this breakdown.
- 14,544 registered businesses in Alabama have 5 to 9 employees.
- 8,694 registered businesses in Alabama have 10-19 employees.
- 7,381 registered businesses in Alabama have 20-99 employees.
- 1,909 registered businesses in Alabama have 100 to 499 employees.
- Over 2,349 registered businesses in Alabama have over 500 employees.
Alabama Business Sector Breakdown in Service Industries:
- 9,425 registered businesses in Alabama are in the Professional, Scientific and Technical Services sector.
- 4,213 registered businesses in Alabama are in the Administrative, Support, Waste Management, and Remediation Services sector.
- 8,080 registered businesses in Alabama are in the Accommodation and Food Services sector.
- More than 11,268 registered businesses in Alabama are also service orientated businesses but are not categorized to the above sectors.
If you are in the farming industry, you may be eligible to apply for small business grants as well. There are more than 49,000 farms in the state of Alabama.
Starting and managing a small business in Alabama is not an easy task. Over $56,972,095,000.00 US dollars are paid to employee salaries/payroll alone in the state of Alabama and more than 34,932 businesses declare bankruptcy every single year. Although the federal government does not publically provide grants for starting and expanding a business, in Alabama, some small business grants are given to business owners to start and grow their ventures, and grant recipients do not have to pay back the funding from government. Therefore, it makes sense to look into small business grants as one of your sources to fund your business.
To apply for business grants in Alabama, contact Alabama financial aid agencies.
Small Business Grants in Local States
Recent Business Grant Recipients
| Recipient | Project, Industry, Purpose | Amount |
|---|---|---|
| Maynard Limited (Government Loan) |
Project: Conduct an expansion and extensive renovation to motor inn Industry: Accommodation and Food Services Purpose: Expansion Capital Renovation / Maintenance / Upgrade |
99150.00 |
| Semaphore Asset Management Systems Inc (Government Grant) |
Project: Further development of 'supertag' technology Industry: Professional, Scientific and Technical Services Purpose: Research & Development / Patents |
148938.00 |
| Lamouche Construction Ltd (Government Loan) |
Project: Establish - log hauling trucking Industry: Construction/ Professional Trades Professional, Scientific and Technical Services Purpose: New Business Startup |
50000.00 |
| Mari Fresh Ocean Products Inc (Government Loan) |
Project: Establish salmon aquaculture facility Industry: Agriculture, Forestry, Fishing and Hunting Purpose: New Business Startup |
63527.00 |
| Donald Larry Young (Government Grant) |
Project: Donald l. young trucking - capital Industry: Professional, Scientific and Technical Services Purpose: Business Development and Trade Shows |
37600.00 |
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