Contact:
Steven Moore
Address: 101 Market Street PSC 1J
Chattanooga TN. 37402
Phone: (423) 876-4096
Fax: (423) 876-458

Who they serve: With facilities that generate the electricity to serve more that 8.3 million people, TVA is the largest power producer. This unique federal corporation provides affordable, reliable, electricity to consumers in the seven states Tennessee Valley region.

What they do: TVA provides low-cost, reliable power to Tennessee Valley businesses, as well as an abundance of services and financial resources. It’s all part of TVA’s mission to promote the economic health of the Valley and its people.

Valley Coalition for Minority Economic Development Loan Funds: TVA offers several loan programs to accomplish its economic development goals: The Valley Coalition for Minority Economic Development is a public-private partnership between TVA and Valley Banks to improve access to capital and resources for the development and expansion of minority and socially and economically disadvantaged businesses.

Minimum/Maximum Loan: TVA’s minimum and maximum investment would be $25,000 and $500,000 respectively. TVA may purchase by participation agreement up to 50% of the eligible loan project. Generally, a minimum of one job should be created or retained for every $20,000 invested by TVA.

Requirements for Program: Borrower must meet MBDL eligibility guidelines/SBA requirements. Firms must be at least 51% minority/female owned. Funds may be used for working capital, contract financing, real estate financing, fixed assets, and business acquisitions.

Interest Rates/Length of Program:  Typically, below the prime rate, the final Participation agreement will specify the interest rate and repayment terms. The maximum length of term is 10 years for real estate; seven years for machinery and equipment loan; and five years for infrastructure loans.

Loan Volume: 10-15 loans per year

Fee for Program: Determined by Coalition Bank.