LaTonya Channel, Tennessee SBA district director, Paige McVity, Mike Matousek, TyQuan Glaze and Gary Moore of BrightBridge Capital with Allen Thomas, SE Tennessee Regional SBA administrator
photo by BrightBridge Capital
BrightBridge Capital, a CDFI (community development financial institution) and CDC (certified development company) was recognized as the top dollar and loan volume provider for the Community Advantage and 504 loan programs during the federal government’s 2021 fiscal year. The awards were presented during the Small Business Lenders conference held in Nashville.
As a Community Advantage loan provider, BrightBridge Capital provides loans to small businesses, including startups, that cannot obtain conventional financing.
BrightBridge’s Bill Pollard said that the not-for-profit economic development agency can make such loans up to $350,000 under the SBA’s Community Advantage program “Using SBA’s 504 Loan Program for larger projects such as construction or the purchase of an existing building or long-term equipment that require higher dollar amounts, we are able to partner with commercial lenders to bring long-term fixed-rate financing to projects that benefit local communities.”
He said, “These awards make us even more committed to our clients and the communities we serve. It’s a true honor to work with so many small businesses making a difference in communities throughout the southeast.”
BrightBridge Capital provides SBA loans to small businesses throughout Tennessee, and offers some of its programs in North Alabama, North Georgia and Western North Carolina.