Small businesses are central to Alabama’s economy—and to its residents. Alabama’s more than 75,000 small businesses account for half of all private sector employment. In greater Birmingham alone, over 17,000 small businesses employ a total of more than 76,000 workers.

In Alabama, TruFund targets minority- and women-owned construction, retail, nonprofit organizations, and professional service small businesses in historically underserved low- to moderate-income communities across the state, with a targeted focus to lend in the urban areas of Birmingham, Huntsville, Montgomery, Tuscaloosa, and Mobile. TruFund also targets the rural “Black Belt” communities where 30.9 percent of its residents live below the poverty line and 13.3 percent of the population is unemployed—significantly higher than the state average of 9.3 percent.

Alabama’s number of minority- and women-owned businesses is among the lowest in the nation—only 3.5 percent of businesses in the state. And although Alabama has a large African-American population, its minority business ownership is just 2.9 percent in our target markets, significantly lower than the national average.

Trufund Financial Services, Inc. has been available to offer needed financing at a critical time—and also boost the number of successful minority- and women-owned businesses. We are helping Alabama businesses take advantage of key opportunities through expansion and hiring.

Contact the Alabama Office Today:

1601 5th Avenue North, Suite #127 Birmingham, AL 35203

Partner Initiatives & Small Business Resources

TruFund works actively with partners in the ecosystem to support our small business clients and their communities. By way of client referrals, co-sponsored events or special programs and initiatives to deliver products or services, TruFund works...

Small Business Lending in Alabama

While much of the activity in Alabama has been in Birmingham historically, TruFund Financial Services, Inc. has expanded its reach to include other urban markets such as Montgomery, Huntsville, Tuscaloosa, and Mobile. TruFund also has a targeted...

Business Advisory Services

The main objectives of these programs are to provide underserved entrepreneurs and microenterprises with the tools and skills needed to maintain successful operations, capitalize upon growth opportunities, assist with accessing affordable capital, and successfully manage debt...

TruImpact® in Alabama

Through our business advisory services and programs, small business lending, and partner initiatives, TruFund Financial Services, Inc. has made a TruImpact in the lives of underserved small businesses and the communities they serve in Alabama...