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TN
LendTN Loan Participation Program
Provides SSBCI-backed loan participation support for Tennessee small businesses through banks, CDFIs, and credit unions.
About this program
LendTN is Tennessee's SSBCI loan participation program under Fund Tennessee. The program can purchase participations in loans originated by participating banks, CDFIs, or credit unions, or originate companion loans with participating CDFIs, helping eligible small businesses access financing for startup costs, working capital, equipment, inventory, business procurement, franchise fees, and eligible place-of-business improvements.
Eligibility
Eligible applicants are Tennessee small businesses seeking eligible financing through a participating bank, CDFI, or credit union under the Fund Tennessee LendTN program.
Requirements
- Business must be an eligible small business under SSBCI requirements.
- Business must work with a participating bank, CDFI, credit union, or approved lender.
- Loan proceeds must be used for eligible business purposes such as startup costs, working capital, equipment, inventory, procurement, franchise fees, or eligible place-of-business improvements.