Michael Rye Named Business Development Officer At BrightBridge Capital

Friday, July 17, 2020

Michael Rye has been named as the new business development officer for BrightBridge Capital.

BrightBridge maintains a portfolio of commercial loan programs that aim to meet the unmet needs of startup and existing businesses, as well as nonprofits, within the service areas of North Alabama, Georgia and Tennessee. 

Mr. Rye’s focus will be on developing SBA 504 loans within BrightBridge’s Tennessee portfolio. Based out of Clarksville in Montgomery County, Mr. Rye will primarily focus his work in middle Tennessee, including Davidson County and all surrounding counties, as well as Henry and Madison Counties in west Tennessee. 

"With over 11 years of commercial banking experience, Rye has an excellent reputation for customer satisfaction, credit decision and portfolio management," officials said.

"Over the years, Rye has built customer loyalty by effectively resolving problems and quickly processing loan transactions."

“Michael’s years of experience in commercial banking will serve him well in this role. Small businesses are vital to our economy, so having someone who already has strong banking relationships and also understands the SBA loan process will be a huge asset for our current and future clients,” said BrightBridge President and CEO Mike Ohlman. “Michael is what we like to call a ‘reformed banker who has seen the light’ – and we are thrilled to have him join our team.” 

“I have always challenged myself to provide the best financial options for my clients,” said Mr. Rye. “I know that when they’re successful, we are all successful and I’m excited to be a part of that equation.”


Chattanooga Chamber Calendar Of Events Oct. 26-30

AG Slatery Responds To DOJ Settlement With Purdue Pharma

September Unemployment Rates Decrease In Every Tennessee County


Oct. 27, Online: East Brainerd Chamber Council Meeting Noon-1 p.m. Join the East Brainerd Chamber Council to make connections and learn about strengthening community efforts. Register ... (click for more)

Attorney General Herbert H. Slatery III on Thursday released the following statement following the U.S. Department of Justice’s settlement with Purdue Pharma. “DOJ has continued to show its ... (click for more)

The unemployment rates in each of Tennessee’s 95 counties decreased in September, according to new data released by the Tennessee Department of Labor and Workforce Development. Twenty-seven ... (click for more)



Business

Chattanooga Chamber Calendar Of Events Oct. 26-30

Oct. 27, Online: East Brainerd Chamber Council Meeting Noon-1 p.m. Join the East Brainerd Chamber Council to make connections and learn about strengthening community efforts. Register here . No cost. Oct. 27 , Online: Creating a Business Plan 2-4 p.m. A business plan is critical for small businesses (especially those that are seeking funding). This class ... (click for more)

AG Slatery Responds To DOJ Settlement With Purdue Pharma

Attorney General Herbert H. Slatery III on Thursday released the following statement following the U.S. Department of Justice’s settlement with Purdue Pharma. “DOJ has continued to show its commitment to fighting the opioid crisis by allowing the States to dedicate the majority of the Purdue settlement funds to abating the opioid crisis in their hardest hit communities. Having ... (click for more)

Breaking News

Chattanooga Mayor Race To Include Dozen Candidates - Or More

There may be as many as a dozen candidates in the race for mayor of Chattanooga, and likely even more. Picking up petitions to run thus far are Monty Bruell, D'Angelo Davis, Russell Gilbert, Tim Kelly, George Ryan Love, Andrew McClaren, Erskine Oglesby and Elenora Woods. Others who have said they plan to run include Chris Dahl, Wade Hinton, Keith Smartt and Kim White. Informal ... (click for more)

Firefighter Union President Says Many Firefighters Remain Below Federal Poverty Hourly Pay Rate

Chattanooga Fire Fighters Association President Jack Thompson said city officials plan to raise all city employees to above the federal poverty rate, but it will not apply to firefighters. He said firefighters start out at $10.54 an hour and do not reach the hourly poverty rate until eight years. Mr. Thompson said, " The City of Chattanooga administrators have been publicizing ... (click for more)

Opinion

The Courts' Role In Protecting Voting Rights

Nov. 3, Election Day, is right around the corner. Of course, voting is fundamental to elections. It is through voting we both give our consent to those we entrust to govern us and hold those governing us accountable. From our right to vote come many of our rights and freedoms. Every day seems to bring new stories about disputes over voting, many of which are pursued through lawsuits. ... (click for more)

Roy Exum: Trump’s $455 Billion Call

Late last fall, there was a story that got a lot of mileage and for good reason. Donald Trump’s economic trade policy of America First signaled that our President had the guts to say “enough is enough” to The Marshall Plan, which by all rights should have been discontinued about 50 years ago but was not. It enabled the countries we were eager to help following World War II to continue ... (click for more)