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Tennessee Valley Center
Southern Cooperative Development Fund
West Tennessee Venture Capital Corporation |
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| Name: | Tennessee Valley Center
(TVC)
Southern Cooperative Development Fund (SCDF)
West Tennessee Venture Capital Corporation
(WTVCC) |
| Address: | 5 North Third Street,
Suite 2001
Memphis, TN 38103 |
| Telephone: | 901 523-1884
(TVC, WTVCC)
901 522-9237 (SCDF) |
| Days Open: | Monday-Friday |
| Hours Open: | 8:30-5:00 |
| Director: | |
| Contact: | Frank Banks, CPA-President
West Tennessee Venture Capital Corporation
Mabra Holeyfield and Frank Banks
Managers of Southern Cooperative Development Fund and Tennessee Valley Center |
| Purpose: | To help minority-owned businesses to secure loans |
| Eligibility: | Minority owned and controlled businesses. Prospective borrowers must show experience in the field and be in an expansion mode. |
| Fee: | No fee. |
| Services: | The West Tennessee Venture Capital Corporation makes loans to minority-owned businesses within a 150-mile radius of Memphis or in the 201 counties that TVA services. Loans range from a minimum of $25,000 to a maximum of
$300,000. (A Federal license number under the Small Business Investment Act
of 1958)
The Southern Cooperative Development Fund lends to both start-ups and existing minority-owned businesses. Loans range from $25,000 to $500,000.
Conduct workshops for minority business owners to assist them to start businesses and expand. |
| Publications: |
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| Additional Information: | For either loan, applicants should call the office for the application packet. Detailed listing of criteria is included in the packet. Applicants must include a business plan in their application and should have it on the front end of the process. |
