LaTonya Channel, Tennessee SBA District Director, Paige McVity, Mike Matousek, TyQuan Glaze and Gary Moore of BrightBridge Capital with Allen Thomas, SE Tennessee Regional SBA Administrator
– photo courtesy of BrightBridge Capital
BrightBridge Capital, a CDFI (Community Development Financial Institution) and CDC (Certified Development Company) was recognized as the top provider of dollars and loan volume for Community Advantage programs and 504 loans in fiscal year 2021 of the federal government. The awards were presented at the Small Business Lenders conference held in Nashville.
As a Community Advantage loan provider, BrightBridge Capital lends to small businesses, including startups, that cannot obtain conventional financing. BrightBridge’s Bill Pollard said the nonprofit economic development agency can make such loans up to $350,000 under the SBA’s Community Advantage program “Using the SBA’s 504 Loan Program for Larger projects such as the construction or purchase of an existing building or long term equipment requiring higher amounts, we are able to partner with commercial lenders to provide long term fixed rate financing to projects that benefit local communities.
He said, “These awards make us even more committed to our customers and the communities we serve. It’s a real honor to work with so many small businesses that are making a difference in Southeast communities.
BrightBridge Capital provides SBA loans to small businesses in Tennessee and offers some of its programs in northern Alabama, northern Georgia, and western North Carolina.