Main Local Economy Information in Tennessee
Tennessee’s economy is diversified, with significant contributions from healthcare, automotive manufacturing, music production, and agriculture. Major cities like Nashville and Memphis are centers for health care and music industries.
Your Tennessee and Local Small Business Funding Guide
Tennessee offers a range of state-specific incentives including tax credits, workforce development grants, and competitive loans for businesses, especially in the automotive and healthcare sectors.
Small Businesses in Tennessee
Small businesses in Tennessee benefit from an entrepreneurial spirit and support from state and local governments, which provide numerous resources for business growth and development.
Documents Needed to Get a Small Business Loan in Tennessee
- Detailed business plan
- Financial statements including profit and loss, cash flow statement, and balance sheet
- Tax returns for both the business and the owners
- Proof of business registration and any professional licenses
- Personal and business credit reports
Tennessee Department of Commerce: Key Functions and Contact Information
Website URL: Tennessee Department of Economic and Community Development
Phone: [615-741-1888]
Address: 312 Rosa L. Parks Ave, 11th Floor, Nashville, TN 37243
Local Resources in Tennessee
The Tennessee Small Business Development Center (TSBDC) offers counseling, training, and financial planning assistance to help businesses start and grow.
How to be Successful with Business Funding in Tennessee
Successful business funding in Tennessee often involves leveraging the extensive network of support from local business incubators and development centers, as well as taking advantage of state tax incentives.
SBA Resources in Tennessee
The SBA provides various financing options, educational programs, and resources tailored to Tennessee's key economic sectors like healthcare and automotive industries.