Contact:
Bob Vercoe, Executive VP
Email: bob.vercoe@firstvolunteer.com

Mark Feemster, Executive VP
Email: mark.feemster@firstvolunteer.com


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

What they do: Provides retail and commercial lending, SBA loans, credit cards, receivables financing and lines of credit. Volunteer defines small business as a company with less than $10 million annual sales.

Minimum Loan: $10,000 for receivables financing; none for other loans

Requirements for Program:

• Business plans
• Two-year financial history
• Financial projections
• Individual’s work experience
• Bank’s credit guidelines (flexible)

Length of program: Term of loan

Loan Volume: $100 million

Fee for program: Normal bank fees