Community Enterprise Investments, Incorporated (CEII), is a non-profit Community Development Corporation (CDC) based in Pensacola, Florida, serving Alabama Counties including: Baldwin, Mobile, Washington, Clarke, Monroe, Escambia, Conecuh, Covington, Geneva, Coffee, Dale, Henry, and Houston.
CEII was first incorporated in 1974 as People Organized for Community Development (POCD), as one of the original CDC’s funded by the U.S. Office of Economic Opportunity’s “War on Poverty” in the late 1970’s.
CEII offers loans to start-up and expanding business enterprises ranging from $2,500 to $150,000. All loans are currently offered at an interest rate of nine percent (9%).
Loans made to businesses located within Escambia County’s designated redevelopment area are made at eight percent (8%).
These interest rates are non-negotiable.
Terms can be for as long as ten (10) years, but are usually around five (5) years, depending upon the size and purpose of the loan.
Community Equity Investments, Inc.
Address: 302 North Barcelona Street