Pathway ramps-up lending

Pathway Lending, the early-stage economic development lender focused on jobs-creation, expects soon to hit $100MM in assets. CEO Clint Gwin discusses the mission and the hundreds of companies aided, plus Pathway's growing footprint in Tennessee and in alliance with UT Research Foundation. Read it here.

Pathway's new small-biz loans Updated

Pathway Lending, the Nashville-based lender formerly Southeast Community Capital (our earlier story here) announced another small-business loan program this morning, in conjunction with the State ECD and the Tennessee Bankers Associaton. The anchor grant came from the state and PL CEO Clint Gwin hopes to raise another $15mil or so, to bring the program to $25mil.

Stim funds to SE Community Capital

MetroCenter-based Southeast Community Capital Corporation, a 501(c)(3), announced today it will receive $2 million, under a federal program funding nonprofit Community Development Financial Institutions (CDFIs). SCC provides loans to small businesses who haven't been able to get traditional financing. SCC has offices in Nashville, Memphis, Jackson, Knoxville and Tri-Cities (Kingsport). Related VNC story on SCC, here. Clint Gwin (left) leads SCC.