Brightbridge Capital To Provide Limited Time SBA CARL Loan

Tuesday, July 28, 2020
In a Federal Register Notice published July 15, the Small Business Administration has developed a new, temporary Community Advantage loan product, Community Advantage Recovery Loans (CARL), to provide technical and financial assistance to existing small businesses in underserved areas. CARL loans will assist eligible businesses with retooling business models for the COVID-19 environment and its aftermath. 

BrightBridge Capital is an approved provider of the CARL loan in North Alabama, North Georgia and Tennessee.
Along with resource partners, including the Small Business Development Centers network and SCORE, BrightBridge will provide technical assistance tailored to each borrower. 

BrightBridge president Mike Ohlman stated, “We believe that the technical assistance requirement along with funding to support the retooling of business models in response to the pandemic will guide participating businesses through this difficult period. We have developed many beneficial relationships with bankers and we expect this initiative will be especially helpful for referring banks and their customers.” 

In order to receive a CARL loan: 

• Qualified applicants must have their loan applications submitted and approved by Sept. 27; and 
• Loan amounts must range from $50,000 - $250,000. 

For more information, contact BrightBridge at 423-648-9222, or by email at info@BrightBridgeInc.org.

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Ringgold Telephone Company has donated $10,000 in digital learning equipment and labor to the Catoosa County Public School System. "School is almost back in session; yet, due to the threat ... (click for more)

CBL Properties on Monday announced that its portfolio of regional shopping centers will remain closed on Thanksgiving Day for the fifth consecutive year. “We are proud to continue our tradition ... (click for more)

America’s Car-Mart, Inc. opened its 150th dealership located in Chattanooga on July 31. This will be the seventh dealership in Tennessee and the second dealership opening in fiscal year 2021. ... (click for more)



Business

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Ringgold Telephone Company has donated $10,000 in digital learning equipment and labor to the Catoosa County Public School System. "School is almost back in session; yet, due to the threat of Covid -19, some local families are opting to keep students at home, choosing to try the virtual, digital-learning route instead of traditional, in-class education," officials said. "As ... (click for more)

CBL Properties To Close Stores On Thanksgiving For 5th Consecutive Year

CBL Properties on Monday announced that its portfolio of regional shopping centers will remain closed on Thanksgiving Day for the fifth consecutive year. “We are proud to continue our tradition of closing our centers on Thanksgiving,” said Stephen Lebovitz, chief executive officer. “Given the challenges of 2020, it’s more important to us than ever to ensure our employees and ... (click for more)

Breaking News

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Opinion

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The recent controversy over the monument to our town's founder, C.E. James, is more than a completely unnecessary and avoidable waste of time and possibly money - it is contrived and downright silly. Race-based restrictions on residential real estate sales weren't just common a century ago, they were universal in both the North and South. Such "red-lining" didn't start to die out ... (click for more)

Roy Exum: Laughing With Jim Murray

When I was in high school, I would love it when the “Newspapers in Education” would roll around once a week. The Chattanooga Times was a real Godsend because it offered me something interesting to read during class and, man, I would pounce on the paper. I would immediately find the syndicated columnist, Jim Murray, and revel in his every word. He was - and this I believe to this ... (click for more)