How We Work
BrightBridge is a Community Development Financial Institution (CDFI). We maintain a portfolio of commercial loan programs that aim to meet the unmet capital needs of startup and existing businesses in our service area. The loan programs are distinctive in their purpose, borrowers, and terms. After learning more about your businesses and goals, one of our team members will help you identify the program that is the best fit for your capital needs.
Loan Programs
SBA 7(a) Loan Program
SBA 504 Loan Program
CDFI Lending Program
River Gorge Capital: New Markets Tax Credit (NMTC) Program
FINANCING USE
Provides small and startup businesses that are unable to obtain financing from traditional commercial lenders due to policy screenouts with loans to be used for working capital, fixed assets (land, land improvements, building construction, purchase of buildings, and renovation of buildings, machinery, or equipment), or debt refinancing.
FINANCING USE
Provides businesses with inadequate access to conventional financing with loans to be used for fixed assets (land, land improvements, building construction, purchase of buildings, and renovation of buildings, machinery, or equipment). These loans are made in conjunction with commercial lenders taking senior positions to the 504 subordinate position.
FINANCING USE
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We intentionally look for entrepreneurs who may fall into low income categories and those who are minorities in need of creative and affordable debt to start or grow their businesses, as well as businesses in low income census tracts.
We provide senior debt to support affordable and workforce rental housing located in designated Investment Areas. We lend to non-profit and for-profit housing developers who build rental and for sale housing targeted to low and moderate income individuals.
FINANCING USE
Provides financing for projects sponsored by non-profit and for-profit businesses that have a funding gap and are located in highly-distressed, low income census tracts. These projects must generate significant positive impacts, such as job creation or community service provision, for the communities in which they are located.
LOAN AMOUNTS
$50,000-$350,000
LOAN AMOUNTS
Up to $5,500,000
LOAN AMOUNTS
Dependent on project need
LOAN AMOUNTS
Dependent on project need
AREAS SERVICED
Georgia, Tennessee
AREAS SERVICED
Tennessee
AREAS SERVICED
Georgia, Tennessee
AREAS SERVICED
All States, Puerto Rico, Guam, & Virgin Islands
CONTACT
Paige McVity
(423) 206-4038
pmcvity@brightbridgeinc.org
CONTACT
Paige McVity
(423) 206-4038
pmcvity@brightbridgeinc.org
CONTACT
Bill Pollard
(423) 648-9239
billp@brightbridgeinc.org
CONTACT
Monica Blanton
(423) 424-4226
mblanton@brightbridgeinc.org
SBA Community Advantage Program
FINANCING USE
Provides small and startup businesses that are unable to obtain financing from traditional commercial lenders due to policy screenouts with loans to be used for working capital, fixed assets (land, land improvements, building construction, purchase of buildings, and renovation of buildings, machinery, or equipment), or debt refinancing.
LOAN AMOUNTS
$50,000-$350,000
AREAS SERVICED
Georgia, Tennessee
CONTACT
Paige McVity
(423) 206-4038
pmcvity@brightbridgeinc.org
SBA 504 Loan Program
FINANCING USE
Provides businesses with inadequate access to conventional financing with loans to be used for fixed assets (land, land improvements, building construction, purchase of buildings, and renovation of buildings, machinery, or equipment). These loans are made in conjunction with commercial lenders taking senior positions to the 504 subordinate position.
LOAN AMOUNTS
Up to $5,500,000
AREAS SERVICED
Tennessee
CONTACT
Paige McVity
(423) 206-4038
pmcvity@brightbridgeinc.org
CDFI Lending Program
FINANCING USE
Provides businesses located in low-income census tracts or owned by members of a targeted population, which includes low-income persons and eligible minorities, with loans that can be used for most business purposes, including working capital, fixed assets, and others.
We will provide economic development organizations with cost effective capital to relend, participate with commercial lenders to expand their capacity, and make direct loans.
LOAN AMOUNTS
Dependent on project need
AREAS SERVICED
Georgia, Tennessee
CONTACT
Bill Pollard
(423) 648-9239
billp@brightbridgeinc.org
River Gorge Capital: New Markets Tax Credit (NMTC) Program
FINANCING USE
Provides financing for projects sponsored by non-profit and for-profit businesses that have a funding gap and are located in highly-distressed, low income census tracts. These projects must generate significant positive impacts, such as job creation or community service provision, for the communities in which they are located.
LOAN AMOUNTS
Dependent on project need
AREAS SERVICED
All States, Puerto Rico, Guam, & Virgin Islands
CONTACT
Monica Blanton
(423) 424-4226
mblanton@brightbridgeinc.org
Let’s Chat!
We are a resource for both borrowers and lenders. Contact us today to learn more.
