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.

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 to $250,000


AREAS SERVED

Alabama, Georgia, & Tennessee


CONTACT

Paige McVity
(423) 206-4038
pmcvity@brightbridgeinc.org


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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 SERVED

Tennessee and in select counties in adjacent states


CONTACT

Mike Ohlman
(423) 424-4227
mohlman@brightbridgeinc.org


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Small Business Loan 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 SERVED

Tennessee and contiguous states


CONTACT

Bill Pollard
(423) 648-9239
billp@brightbridgeinc.org

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

$2 million or more, dependent on project need


AREAS SERVED

All States, Puerto Rico, Guam, & Virgin Islands


CONTACT

Bill Pollard
(423) 648-9239
billp@brightbridgeinc.org