Veteran Loan Fund announces its first-year results, plans for second round of funding The fund supporting Veteran-Owned Small Businesses expands NASHVILLE, Tennessee – The Veteran Loan Fund announced that in its first year of operations, its members have deployed more than $15 million across the country, helping 231 businesses create or retain close to 1,200
READ MOREPress Releases
Press Release: Pathway Lending Deploys $22 Million in New Markets Tax Credits To Expand High-Quality Facilities and Capacity In Rural And Urban Tennessee Communities
Pathway Lending Deploys $22 Million in New Markets Tax Credits To Expand High-Quality Facilities and Capacity In Rural And Urban Tennessee Communities Transactions Generate $53 Million In Total Private Investment And 314 New Jobs For Manufacturers In Marion And Scott Counties And Community Health In Shelby County NASHVILLE, Tenn. (March 31, 2022) – Pathway Lending,
READ MORE
Press Release: New Needs Assessment To Guide Inclusive Growth Priorities For Hamilton County Black-Owned Businesses
Data and Insights Reveal Funding Preferences, Gendered Perspectives and Industry Concentration The Urban League of Greater Chattanooga, with consultants Garrett Harper, PhD and entrepreneurship executive Marcus Shaw, MBA, undertook the research and prepared the assessment. The research team consulted local studies, national research and Census data; compiled survey responses from 62 area Black-owned businesses; and
READ MORE
Press Release: Memphis Medical District’s Greyhound Complex Kicks Off Area Revitalization Efforts
Memphis Medical District Investment Fund Opens Funding With Adaptive Mixed-Use Redevelopment MEMPHIS, Tenn. (December 9, 2021) – Following the July launch of the Memphis Medical District Investment Fund (MMDIF), the Fund marks its first investment with news today Uptown’s Greyhound Complex will soon be home to a mixed-use development financed by Pathway Lending and Financial
READ MORE
Press Release: Pathway Lending Receives $1 Million Wells Fargo Grant To Accelerate Job, Revenue Growth Among Tennessee Minority-Owned Small Businesses
Funding aids in expanding Pathway Lending’s Flex Fund statewide NASHVILLE, Tenn. – Sept. 24, 2021 – Pathway Lending today announced it has secured a $1 million grant from the Wells Fargo Open for Business Fund to expand Flex Fund – a new source of “patient” growth capital – to minority-and woman-owned businesses in key markets
READ MORE
Press Release: U.S. Treasury’s CDFI Fund Awards $30 Million In New Markets Tax Credits to Tennessee-Based Organization
Pathway Lending to Deploy Investments Across Urban and Rural Communities NASHVILLE, Tenn. (September 8, 2021) – Pathway Lending announced today an award of $30 million in New Markets Tax Credits from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to the nonprofit lender’s certified Community Development Entity (CDE). The sole
READ MORE
Press Release: $30M Memphis Medical District Investment Fund Will Spur Inclusive Real Estate Development
Memphis Medical District Collaborative, Pathway Lending, banks and private foundations partner to launch capital fund to finance transformative residential and mixed-use real estate development MEMPHIS (July 19, 2021) – Pathway Lending and the Memphis Medical District Collaborative (MMDC), in partnership with First Horizon, Regions Bank, Truist, The Kresge Foundation and The Hyde Family Foundation, today
READ MORE
Press Release: $7.5 Million Chattanooga Small Business Opportunity Loan Fund Aims to Boost Capital Access for Area Small and Minority-Led Businesses
New Fund from Pathway Lending Anchors Inclusive Growth Effort by Financial, Philanthropic and Community Partners, Brings Key Local Hires and Office Expansion CHATTANOOGA, Tenn. (June 9, 2021) – Chattanooga’s profile as an entrepreneurship hub gets a boost with a new $7.5 million loan fund Pathway Lending announced today. Part of a collaborative effort to advance
READ MORE
Press Release: Strengthening A More Inclusive Small Business Ecosystem In Chattanooga | JPMorgan Chase Is Committing $400,000 To Three Community Partners
Strengthening a more inclusive small business ecosystem in Chattanooga JPMorgan Chase is committing $400,000 to three community partners who are dedicated to strengthening an equitable small business ecosystem CHATTANOOGA, April 28 – The Urban League of Greater Chattanooga (ULGC), LAUNCH and Pathway Lending, with the support of JPMorgan Chase, are collaborating to find innovative ways
READ MORE
Press Release: Pathway Lending Names Ellen Hackett Chief Commercial Credit Officer
New Senior Role Oversees Commercial Credit Portfolio, Supports Regional Market Expansion NASHVILLE (July 8, 2020) – Pathway Lending, a nonprofit Community Development Financial Institution (CDFI) as designated by the U.S. Treasury Department, has named Ellen Hackett to its newly created chief commercial credit officer role. With considerable credit and lending expertise gained over three decades
READ MORE