Tennessee Business Loans

The manufacturing industry has always been a crucial part of the local economy, with automotive manufacturing accounting for nearly one and three manufacturing jobs in the state. Tennessee is home to some of the largest automotive manufacturing companies in the country. Nissan and GM both have large manufacturing facilities in the state. With the states geographic location, talented workforce and low business costs Tennessee’s manufacturing industry continues to prosper. Business owners throughout the manufacturing industry use business loans in Tennessee to grow and manage their businesses.

Farmland covers over a third of the state, making the agricultural industry and the products they produce such as corn, beef, chicken, and cotton very important to Tennessee’s economy. The agriculture industry accounts for close to 10% of the Tennessee’s economy and provides over $30 billion dollars and 200,000 jobs to the state. Business owners in the agriculture industry rely on small business loans and equipment financing in Tennessee to cover expenses and operate their businesses.

Tennessee’s tourism and hospitality industry has seen massive growth, with Nashville alone accounting for 1.5 billion dollars in revenue annually. The music city is attracting visitors from major nearby local such as Atlanta and Charlotte as well as tourists from around the country. The tourism industry is thriving not only in Nashville but also throughout the entire state, helping provide revenue opportunities for small businesses. These businesses are using both small business loans and hotel loans in Tennessee to manage and expand their businesses. SMB Compass provides business loans in Tennessee to a wide range of industries and businesses.

SMB Compass has loan programs in Tennessee from $25,000 up to $100 million. SMB compass specializes throughout Tennessee in equipment financing, SBA loans, asset based loans, bridge loans, invoice factoring, and business lines of credit. Schedule a call with a Lending Advisor today to learn more about the business loan options in Tennessee.