Contact:
Bob Hotchkiss
Southeast Community Capital
1250 Market St., Ste 3020
Chattanooga, TN 37402
Phone: 423-425-3774
Fax: 423-757-4945
Email: hotchkiss@sccapital.org

Who they serve: Underserved and low-income communities throughout Tennessee. Groups include small businesses, including minority-owned, woman-owned, early-stage, and start-ups.

What they do:  Assistance for starting a business: Provide loans from $25,000 up to $150,000 to start-up businesses that meet the lending criteria.

Assistance for Established Businesses: Provide loans from $25,000 up to $150,000 to businesses that meet the lending criteria.

• Financing (Bank or Non Bank) Non bank
• Occupational and skills training and tTechnical assistance provided to loan recipients, CEO, COO, CFO equivalent services
• General Economic Development Issues Financial Management Seminar

Service summary: A community based financial organization providing access to capital to underserved communities through Tennessee and Southern Appalachia.

Requirements for Program: Must be a small business, must meet lending criteria, business plan if start-up or undertaking expansion or restructuring, minimum loan amount of $25,000, maximum term of loan is 7 years, not for restaurants.

Length of program: Maximum term of loan is 7 years.

Number of clients: Loans made to 12 companies

Fee for Program: $100 application fee and origination fees starting at $150.