Program Principle
The Small and Minority-Owned Business Assistance Program provides a statewide platform that fosters the growth and development of small and minority-owned businesses in Tennessee. The Program places emphasis on the preparatory stage of starting or expanding a business by ensuring that adequate planning and financing are taken into consideration.
Public Chapter 830 of the Acts of 2004 created within the Treasury Department the Small and Minority-Owned Business Assistance Program (SMOB). The Department has developed an assistance program for small and minority-owned businesses that includes loans and program services (such as technical assistance).
Participation Information
Thank you for your interest in the Small and Minority-Owned Business Assistance Program (SMOB). Presently, the SMOB Program is experiencing an unprecedented demand for participation in the Program. With regard to financial assistance (i.e. loans), the requests received to date are three times greater than the amount of available funds. For this reason, we have suspended the processing of any new requests for financial assistance.
Other Program Information
Program Contact Information
Nicole Burney, Program Coordinator
1000 Riverfront Parkway
Chattanooga, TN. 37402
Phone: (866) 918-7360
Email: nburney@sedev.org
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