As a non-profit organization, BrightBridge’s bottom line is measured in positive economic outcomes for communities in an expansive service area. Our mission is to benefit communities by fostering increased employment opportunities and the expansion of business and industry.
Since 1981, we have stimulated economic development by providing innovative solutions that meet startup and existing businesses capital needs. Our capital solutions enable businesses to bring jobs, commercial goods and services, and community assets to communities that need them.
Through a variety of programs and services, we provide customized loan packages and advisory services aimed at reducing barriers to business growth.
Our team of seasoned experts work closely with each business owner to understand and address capital gaps that cannot be filled by traditional financial institutions.
BrightBridge is a Community Development Financial Institution (CDFI) with several loan programs, including SBA Community Advantage, SBA 504, USDA IRP RLF, and New Markets Tax Credits.
Our work to strengthen businesses and communities through innovative capital solutions embraces several priorities, which we have identified through decades of collective experience in commercial lending and economic development.
Our priorities include:
• Market-Driven Approach to Closing Commercial Lending Gaps: Meeting the unique needs of underbanked commercial borrowers in our service area requires us to maintain a deep understanding of the commercial lending markets and their gaps. We develop our loan programs in response to market realities and to complement the work of traditional bank lenders, whose policies may prevent certain types of lending. Our lending helps unlock positive economic impact from businesses that traditional lenders cannot fully finance.
• Strong Partnerships with Lenders & Peer Organizations: Significant economic impacts are most often achieved by the aligned efforts of multiple organizations, including traditional bank lenders, entrepreneur support organizations, and economic development agencies. We work with partners across this spectrum, leveraging each partner’s strengths to maximize collective impact.
• Community Understanding & Engagement: By providing innovative capital solutions to businesses, we aim to strengthen the communities they operate within. We embrace a data-driven approach to understanding and meeting community needs, including quality and accessible jobs, commercial services or goods, or community services. We work closely with our borrowers and stakeholders in their communities to understand how business initiatives can be successful in meeting communities’ needs.
• Measuring Impacts: Committed to achieving positive impacts, we monitor the relevant impact of our borrowers’ businesses, including job creation, employment of low income persons, or community services provision, over the life of our loans. We also measure the percentages of our loans that are made to businesses in rural communities and to underserved entrepreneurs, including women and minorities.
• Environmental Sustainability & Productive Reuse: Through our New Markets Tax Credit Program, we support job creation and community asset development in low income communities across the nation. As part of this program, we also prioritize projects in rural communities and ones that productively reuse previously consumed resources, including prior industrial sites, existing buildings, abandoned development projects, fallow farmland, recyclable materials, or refuse, to achieve commercial and community benefit. Our commitment to environmental sustainability is also evident in our grant management work to support brownfield remediation in Chattanooga, TN.
BrightBridge, Inc. is an equal opportunity provider. In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Avenue, NW, Washington, D.C. 20220 or call (202) 622-1160.