As a company and as neighbors, we have a shared interest in making our communities better places to live and work. Our goal is to provide more resources to low and moderate income areas to invigorate community development.
We are committed to meeting the credit needs of our communities to revitalize neighborhoods, promote growth and economic sustainability. Our credit products and services are designed with the needs of all consumers, small businesses and community development partners in mind.
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Access to capital can be a significant hurdle for small business to overcome. At First Tennessee, our goal is to help businesses bridge financing gaps. First Tennessee Bank contributed a $500,000 investment to provide access to capital for start-ups and small businesses.
The company partnered with Chattanooga-based BrightBridge, Inc., whose mission is to reduce barriers to business growth by customizing loan packages and advisory services. The organization also increases employment opportunities and fosters the expansion of business and industry in Tennessee and surrounding states.
A broad range of businesses have launched or expanded through the program including clothing boutiques, food trucks, a gym and a food distribution center.
“BrightBridge aims to accelerate start-up and business growth,” said Bill Pollard, BrightBridge chief operating officer. “The $500,000 commitment from First Tennessee will open even more doors for start-up and small businesses in the region. First Tennessee understands and values the opportunities small business provides to our communities. Their investment allows us to do the work that will have long-term positive impacts in our community.”