Tag Archives: rural

A funding success for small biz

Culture_Currency(2).JPGFinancing is tight these days, but the Tennessee Rural Opportunity Fund is finding a way to get money into the hands of small businesses.

The fund — a public-private partnership — recently received the 2010 National Community Reinvestment Award from the Federal Financial Institutions Examination Council.

The partnership includes the state of Tennessee, members of the Tennessee Bankers Association and Southeast Community Capital Corp., a Nashville based lender.

Since its start in 2007, 44 small, minority- and women-owned businesses have received more than $9 million through the fund.

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