The mission of the Alabama Small Business Development Initiative is to sponsor programs that provide training and technical assistance to the emerging small business community, helping entrepreneurs and customers succeed while attracting more options for conventional financing. The ASBDI achieves its mission by partnering with employers, the U.S. Small Business Administration and private financial institutions to provide financial resources to low to moderate income (LMI) communities.
ASBDI is a 501(c)3 non-profit corporation that acts as an intermediary for small businesses by providing both technical as well as financial assistance. ASBDI achieves this by developing and presenting a full schedule of financial and technical assistance workshops and seminars. Also, ASBDI offers one-on-one counseling to support small business owners at no cost to the participant. This is a valuable service which benefits both entrepreneurs planning to start a new venture as well as existing small business owners that want to expand and improve their business operations.
Part of technical assistance and counseling consists of linking business owners with capital resources. All too often, small businesses are unaware of the sources of capital available to them. ASBDI seeks to change that situation by providing educational seminars to entrepreneurs which will help to get them ready for a healthy banking relationship.