About Us
Southeast Community Capital (SCC), a Community Development Financial Institution (CDFI), as certified by the CDFI Fund, a division of the U.S. Treasury Department, provides loans to disadvantaged small businesses lacking access to traditional financing options in low-income areas throughout Tennessee and northern Alabama. In the ten years since its inception in 1999, SCC has grown to more than $26 million in assets. SCC has made over 400 loans to 300 plus companies totaling more than $30 million. These loans have facilitated the creation of more than 1000 new full-time jobs with average wages of $15.20 per hour. Additionally, SCC client companies have maintained or retained more than 2,500 jobs. With an average loan size of $80,000 and average loan outstanding of $63,447, SCC is accomplishing its goal of making credit available to the smallest, most disadvantaged businesses. SCC has been able to create one job for every $24,411 of originated loans and one job created or maintained/retained for every $11,108 of originated principal compared to HUD requirements of one job per $30,000 originated.
