Contact:
Linda Todd
701 Market Street, Chattanooga, TN 37402
Chattanooga, TN 37402
Phone: 423-757-4106
Fax: 423-752-4620

Who they serve: Established and potential business owners within Chattanooga and the surrounding area.

What they do: Provide retail and commercial lending, SBA loans, credit cards, and lines of credit. First Tennessee defines small business as a company with less $10 million in annual sales or less than $1 million in annual sales for SBA loans.

Minimum Loan: $35,000

Requirements for Program:

• Business plan
• Financial history
• Financial projections
• Owner’s equity
• Individual’s work experience
• Bank’s credit guidelines (flexible); SBA policies for SBA loans

Length of program: Term of loan

Number of clients: 850 small business customers per year

Fee for program: Normal bank fees