ETDD Revolving Loan Fund
Program Highlights
- Up to 90% of project financing
- Fixed rate for life of loan
- Up to $200,000 financing available per project
Use of Funds
- Purchase, construction, or renovate buildings for commercial or industrial use
- Acquisition of machinery and equipment
- New business ideas
- Working capital
Terms
- Up to 15 years depending on use of funds and repayment ability.
Interest Rates
Call for current rates.
Fees
- Loan fee of 1.5%
Eligibility Highlights
- Available to for‐profit businesses and some non‐profit organizations
- Create new jobs and retain existing jobs
Eligible Counties
- Anderson
- Blount
- Campbell
- Claiborne
- Cocke
- Grainger
- Hamblen
- Jefferson
- Knox (inside city only)
- Loudon
- Monroe
- Morgan
- Roane
- Scott
- Sevier
- Union
Information
- Debbie Sudhoff, Manager
- Joe Austin, Business Development / Loan Officer
- Beth Lazar, Loan Administrator