Top Industries Financed
- Hotels (except Casino Hotels) and Motels
- Electronics Stores
- Brick, Stone, and Related Construction Material Merchant Wholesalers
- Car Washes
- Farm and Garden Machinery and Equipment Merchant Wholesalers
Quick Summary
Tennessee Business Development is an SBA-certified Certified Development Company (CDC) headquartered in Paris, Tennessee. Since 2010, they have approved 12 SBA 504 loans totaling $12.7M, with an average loan size of $1.1M. They serve businesses across 2 states.
About Tennessee Business Development
Tennessee Business Development is an SBA-certified Certified Development Company (CDC) headquartered in Paris, Tennessee. Since 2010, they have approved 12 SBA 504 loans totaling $12.7M, with an average loan size of $1.1M. They serve businesses across 2 states.
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Frequently Asked Questions
What does Tennessee Business Development do?
Tennessee Business Development is an SBA-certified Certified Development Company (CDC) based in Paris, Tennessee. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Tennessee Business Development handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Tennessee Business Development approved?
According to SBA FOIA public records, Tennessee Business Development has approved 12 SBA 504 loans totaling $12.7M since 2010. Their average loan size is $1.1M.
What states does Tennessee Business Development serve?
Tennessee Business Development serves businesses in 2 states: Florida, Tennessee.
How do I apply for an SBA 504 loan through Tennessee Business Development?
To apply for an SBA 504 loan through Tennessee Business Development, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
Get in Touch with This CDC
Contact Tennessee Business Development
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