KINGSPORT — Lots of businesses struggled during the recession. Some scaled back their operations. Others called it quits and closed their doors.
But a fortunate few in Tennessee got a little boost over the toughest days of the downturn — thanks to a 501c3 nonprofit organization called Pathway Lending.
As Tennessee’s only statewide Community Development Financial Institution, Pathway Lending — formerly called Southeast Community Capital — provides loans to businesses that may not necessarily be able to secure financing from traditional banking institutions. The primary focus is to help grow businesses that have the opportunity to create or retain jobs in Tennessee.