Financials

Southeast Community Capital, a 501(c)3 non-profit corporation, is certified by the US Treasury Department as a Community Development Financial Institution with over $26 million in assets (12/31/08).  SCC has also been designated as a Small Business Administration Micro Lender and participates in the US Department of Agriculture's Intermediary Relending Program.

Since we began making loans to small businesses, we have provided more than 400 loans totaling over $30 million throughout Tennessee.  Our historical results and performance reflect our commitment to operating a safe and sound community development lending organization while having a positive impact on the customers and communities we serve.  To date, we have:

• Originated more than 400 loans totaling over $30 million
• 30% to minority owned businesses
• 41% to women owned businesses
• Average origination: $80,000
• Average Losses 2006: 1.69% annually vs YE outstanding loans
• Historical Losses: 2% vs total originations
• Job Creation: 1 new job for every $24,411 in loans
• Job Retention and Creation: 1 job for every $11,108

Audited financial statements are available upon request.  A consolidated statement of our financial position from 2005-2007 is available by clicking on the pdf. file below.  Please email or call Lori Rochelle in our office for more information or to request a copy of our most recent audit.

Public Balance Sheet May 2008