Our partners stepped in with new, meaningful ways to help us support area small business owners through the pandemic. Pathway delivered small business economic recovery grants through partners like the Truist Foundation and Metropolitan Government of Nashville & Davidson County. In 2020 alone, Pathway awarded $5.625 Million in Metro Cares Grants to Davidson County businesses. Truist also responded quickly to the well-being of small businesses, and partnered with Pathway to award funds to under-resourced businesses, which totaled nearly $377,000.
Pathway serves underserved target markets across Tennessee and through a year of uncertainty, supported small businesses, commercial real estate and multifamily affordable housing. In 2020, we launched COVID emergency response and ReStart loan products, expanded the 504 loan program, and offered our largest Energy Efficiency deal in our program history.
Pathway has strategically expanded services through our Women's Business Center (WBC) and Veterans Business Outreach Center (VBOC), developed new programs and partnerships, and invested in technology to deliver our learning programs to entrepreneurs across the region, on Pathway Learning. The launch of our e-learning platform has supported our ability to reach more clients and supported 10,042 classroom hours in 2020.
In 2020 Pathway Launched Pathway Learning, a single online destination where entrepreneurs can access the same great classes, cohorts, coaching, advisory services and mentors from Pathway WBC and Veterans Business Outreach Center plus powerful new on-demand content, accessible anytime.
Pathway quickly mobilized listening sessions in March 2020 to understand the real-time needs of entrepreneurs during the first wave of COVID-related business closures and assited entrepreneurs to plan through the uncertain times and pivot.
2020 was a year of resiliency, and Pathway Lending stepped up to meet gaps in the marketplace for small businesses. Our team rose to the occassion to meet our mission of 'no missed opportunities' by launching new lending solutions and learning programs to support entrepreneurs following Nashville's March 3 tornadoes and through the pandemic. Pathway's ReStart initative offered rapid loan funds and virtual coaching, while Pathway Learning, our new, e-learning platform, provided a single online destination for entrepreneurs to access mentoring. The flexibility of our team to shift to a remote workplace allowed us to best serve our clients and small business owners across our target markets.
-Clint Gwin, President & CEO
Pathway's growing partner network of 70+ institutions supports our expansion into key markets across Tennessee. When COVID interrupted businesses seemingly overnight, pivotal partnerships supported our efforts to address the needs of our small business clients. Our key stakeholders in navigating 2020 were Appalachian Community Capital, JPMorgan Chase & Co, PNC, Truist and Wells Fargo.
FOUNDATIONS & PUBLIC STAKEHOLDERS
Alabama Department of Economic & Community Affairs
Appalachian Regional Commission
Association of Women’s Business Centers
Bank of America Charitable Foundation
Community Development Financial Institutions Fund (US Department of Treasury)
Foundation For The Carolinas (Bank of America)
Joe C. Davis Foundation
JPMorgan Chase Foundation
Metropolitan Development & Housing Agency (Nashville, TN)
Metropolitan Government of Nashville & Davidson County
Regions Bank CDC
Tennessee Bankers Association
Tennessee Department of Economic & Community Development
Tennessee Department of Environment & Conservation
Tennessee Department of Revenue
Tennessee Department of Treasury Small and Minority-Owned Business Assistance Program
Tennessee Housing Development Agency
Tennessee Valley Authority
United Way of Metropolitan Nashville
University of Tennessee
US Department of Agriculture
US Small Business Administration
Wells Fargo Foundation
The Women’s Fund –
Community Foundation of
Appalachian Community Capital
Andrew Johnson Bank
Bank of America
Citizens Bank (Carthage)
Citizens Bank (Elizabethton)
City National Bank
Commercial Bank and
Decatur County Bank
F&M Bank (Clarksville)
Fifth Third Bank
First Citizens National Bank
First Community Bank
of East TN
Macon Bank and Trust
McKenzie Banking Company
Security Bank and Trust
Tennessee State Bank
Wells Fargo Bank
Wilson Bank & Trust
Woodforest National Bank
BOARD OF DIRECTORS
President, American Heritage Trees
Associate Professor, Vanderbilt
University School of Engineering
VP for Public Service, University
Senior VP - General Counsel Meharry Medical College
Compliance Executive - CMS, CRA & HMDA, Regions Bank
CEO, MIG LLC and CEO, B-G Innovative Safety Systems
Director, Energy Efficiency & Demand Response - TVA
EVP & CAO, Pinnacle
We're glad you're here and want to get you to the right place!
If you are a small business in Nashville or Davidson County, you may be eligible for a 2%-interest loan with the Nashville Small Business Recovery Fund (NSBRF).