For Those Who Already Have a Business
The state of Tennessee has what is known as the Fast Track Program, which helps companies obtain the resources they need to grow, including developing new branches and hiring new employees. Click here for more information about the grants and loans meant to aid in training and hiring new employees: FastTrack Job Training Assistance Program
There are also several energy loan programs in the state that help new business owners and existing businesses afford energy saving projects. The Energy Efficiency Loan Program helps companies finance investments into new energy efficient technology, retrofitting existing equipment, and implementing renewable energy systems. The loans are typically offered with interest rates below market value, and it is possible to receive 100% funding.
For New Businesses
In order for the economic environment of Nashville to grow, Tennessee offers several different loans for new small businesses, making starting your dream just a little bit easier. The Rural Small Business and Entrepreneurship Loan Fund helps finance new businesses with less than five employees. In addition to this, the Private Activity Bond is available to help new businesses fund construction projects and equipment purchases.