Appalachian Fund for Growth II, LLC

Chattanooga TN


No org. info.

CDFI Awards for Appalachian Fund for Growth II, LLC


NMTC (2005) - $17,000,000

The Appalachian Fund for Growth II (AFG) will use its NMTC allocation to make below-market rate senior and subordinated debt products to businesses seeking to build, renovate, expand, and equip their business facilities. AFG will target high job creation and retention businesses and businesses providing important community services. The NMTC allocation will be deployed to help: 1) attract new businesses to its under-served service area by offering creative financing; 2) supply creative financing for businesses to rehabilitate existing distressed properties to facilitate community development; and 3) leverage other private investment into its targeted communities.

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