The program will provide direct and gap financing to businesses and individuals that are sound and growing but cannot obtain adequate financing to carry out a new or expanding project. Loans are available from $4,000 to $20,000, or up to a maximum of 90% of the project cost. The microloan fund is made possible through partnerships with the Southeast Alabama Regional Planning and Development Commission, area banks, city of Dothan, Houston County Commission and Dothan Area Chamber of Commerce.

Federal, low-interest loans made through Wiregrass Electric Cooperative for project feasibility studies, start-up costs, incubator projects and other reasonable expenses. Amount for loans ranges from $10,000 to $400,000. To qualify for the loan, a letter of credit is required from the borrowing company. Terms are up to 10 years and deferrals of payments are possible. Selection of recipients is based on job creation, unemployment rates and other factors.