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Southeast Community Capital Corporation
201 Venture CircleOak Ridge TN, 37228-1603
CDFI Awards for Southeast Community Capital Corporation
FA (2009) - $2,000,000
Southeast Community Capital Corporation is a certified CDFI established in 1999. It provides loans to small businesses lacking access to traditional financing, with an emphasis to provide services to low-and-moderate income entrepreneurs in communities throughout Tennessee. Southeast Community Capital Corporation will use its FY2009 Financial Assistance award to increase lending in its target market.
FA (2006) - $300,000
Southeast Community Capital Corporation (SCCC) is a certified CDFI established in 1999. SCCC provides a variety of financing structures to businesses in rural and urban areas of Tennessee, including traditional lines of credit, accounts receivable lines of credit, purchase order financing, equipment financing, working capital, inventory loans, real estate loans, and bridge financing. The 2006 Financial Assistance Award of $204,000 will enable SCCC to grow and expand its purchase order financing activities. SCCC will use the 2006 Technical Assistance Award of $96,000 to: (1) hire a loan manager for its purchase order-financing program; (2) upgrade its computer network systems and purchase new computer hardware; (3) upgrade its loan management software and automate its loan documentation; and (4) develop a marketing plan.
FA (2003) - $100,000
The Fund"s $100,000 award will be used to enhance its Women and Minority Contractors Assistance Program for small and disadvantaged businesses as it expands throughout the state of Tennessee. The program provides financing to small, minority, and/or women contractors located in Hot Zones so that they may compete fully in the local construction industry. Approximately 98% of this award will be targeted to Hot Zones.
CORE (2002) - $750,000
The Fund"s $750,000 grant will help the Awardee to expand its lending efforts into more communities in Tennessee.
Other Community Development Financial Institutions in Tennessee
Affordable Housing Resources, Inc.
Nashville
Appalachian Fund for Growth II, LLC
Chattanooga
Chattanooga Neighborhood Enterprise, Inc.
Chattanooga
Church Koinonia Federal Credit Union
CHATTANOOGA
D.C.C.D. Corporation
Decaturville
Nashville Housing Fund, Inc.
Nashville
Pinnacle Community Development, Inc.
Nashville
United Housing, Inc.
Memphis
Featured Government Grant Resources
Secondary Market Lending Authority Program
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
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