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Southeast Community Capital

201 Venture Circle
Nashville, TN 37228

Contact: Barbara Harris,
Phone: 615-254-6113 ext 129
Southeast Community Capital

Southeast Community Capital (SCC), a certified CDFI, provides loans and technical assistance to small businesses in urban and rural communities throughout Tennessee. Since its inception in 1999, SCC has grown to $26 million in assets and has made over 450 loans to more than 300 small businesses totaling over $30 million. These loans have created more than 1,200 new full-time jobs with average wages of $15.00 per hour. SCC is endorsed by the Tennessee Bankers Association.


SCC operates the Rural Opportunity Fund, the Memphis Business Opportunity Fund, The Nashville Opportunity Fund, the Knox County Technology and Jobs Fund, and a state-wide revolving loan fund. In addition, SCC offers SBA microloans, SBA 504 loan participation, and the USDA B&I Loan Guarantee Program to its clients. SCC offers loans to its client companies at Prime plus 2% to Prime plus 4%. These are considered below market rates for loans with the same risk characteristics of SCC's typical borrower.

Client Population

SCC serves small businesses that don't have access to traditional credit in all 95 counties in the state of Tennessee. To date, it has originated 45% of its loans to women owned businesses and 35% to African American owned businesses versus 35% and 5% of the businesses in Tennessee being women-owned or African American-owned, respectively. Twenty-six clients are U. S. military veterans. Less than two percentages each represent Native American, Asian, and Hispanic clients.


As of December 31, 2008, SCC has made over 450 loans to more than 300 companies totaling approximately $30 million. This has created reating more than 1,200 new full time jobs paying an average of $15 per hour. With an average loan size of $75,000, SCC has been able to assist small businesses throughout Tennessee that would otherwise not have had access to capital.


Betty Smith is the sole owner of Play Center, a children's daycare center in Tennessee. When the local economy took a turn for the worse, Betty was referred to Southeast Community Capital. In less than 15 days, Southeast Community Capital was able to provide Ms. Smith with technical assistance, the term debt financing necessary to prevent a pending foreclosure, and a working capital line of credit to help her grow the business. Full Story

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