Tennessee Rural Opportunity Fund
A first-of-its-kind public-private partnership between Governor Bredesen's Administration, the Tennessee Bankers Association and its Member Banks, and Southeast Community Capital Corporation to create a $10,000,000 perpetual revolving loan fund for small, disadvantaged, and start-up businesses in rural communities throughout Tennessee. The Tennessee Rural Opportunity Fund (the Fund) will provide below market rate loans to targeted businesses in rural Tennessee in need of capital to facilitate business growth and job creation. The Fund will target businesses unable to access traditional credit due to lack of collateral, poor credit scores, inconsistent earnings, and being identified as a start-up business.
TN Rural Opportunity Fund capitalization underway. Contact us now to participate in this first-of-its-kind opportunity.
Partners
- Governor Bredesen
- Tennessee Department of Revenue - Commissioner Farr
- Tennessee Treasury Department - Treasurer Sims
- Tennessee Department of Financial Institutions - Commissioner Gonzales
- Tennessee Department of Economic and Community Development - Commissioner Kisber
- Tennessee Bankers Association and Member Banks
- Southeast Community Capital Corporation (SCC)
Fund Overview
- Creates a first-of-its kind $12 million revolving loan fund to provide loans to small, women, and minority owned businesses that are unable to access traditional bank loans in rural Tennessee.
- Public-Private partnership between the State of Tennessee, Tennessee Bankers Association, and Southeast Community Capital (a 501 (c) 3 corporation).
- Provides affordable loan capital to businesses that are unable to obtain bank financing but have good opportunities for growth.
- Creates and retains jobs and wealth in Tennesee's rural counties that are most in need of job and wealth creation.
Contact:
- Clint Gwin, President gwin@sccapital.org
- Hank Helton, Sr. Vice President helton@sccapital.org
