Company Research Report: BrightBridge Capital
Company Overview
- Name: BrightBridge Capital
- Mission: To be the most effective and efficient provider of creative and affordable capital for businesses that generate positive community outcomes. BrightBridge aims to accelerate startup and existing business growth to positively impact communities by providing innovative financial solutions.
- Year Founded: 1981
- Founders: No information is available.
- Key People:
- Avery Boggess
- Bill Pollard
- Caleb Hamby
- Carrie Taylor
- Charles Millirons
- Dianne Sullivan
- Drew Tomlin
- Gary Moore
- Ruby Cash
- Sarah Bailey
- Monica Blanton
- Mike Howard
- Preston Way
- Nathan Brown
- Veronica Wolfe
- Shoshannah Walker
- Board of Directors:
- Bob Cantler
- Angela Conner
- Christina Edwards
- Lindsay Frilling
- Abby Garrison
- Kirk Goehring
- Jeff Land
- Ryan Murphy
- Michael Owens
- Gary Petty
- Bill Pollard
- Clifford (Clem) Renfro
- Les Roddy
- Jack Sample
- Headquarters: 506 Broad Street, Chattanooga, TN 37401
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: BrightBridge Capital is recognized for being a Community Development Financial Institution (CDFI), offering a range of loan programs that are tailored to provide capital needs to businesses in underserved communities.
Products
BrightBridge Capital offers several loan programs designed to support small businesses and startups that are unable to secure financing from traditional lenders:
1. Working Capital Loan Program
- Description: Provides loans for working capital purposes.
- Key Features: Designed for businesses unable to access traditional financing; loan amounts range from $50,000 to $350,000.
2. Fixed Asset Loan Program
- Description: Offers loans for the purchase and renovation of fixed assets like land and machinery.
- Key Features: Loans for fixed assets, often in conjunction with commercial lenders, up to $5,500,000.
3. CDFI Lending Program
- Description: Assists small businesses in economically distressed areas with access to capital.
- Key Features: Provides access to capital not available through conventional lenders.
4. New Markets Tax Credit (NMTC) Program
- Description: Provides financial resources for projects in highly-distressed, low-income areas.
- Key Features: Focuses on significant community impacts like job creation and community services.
Recent Developments
- Team Expansion:
- Recent Additions: BrightBridge Capital has recently expanded its team by hiring several key personnel:
- Nathan Brown as Accountant (November 2023)
- Preston Way (October 2023)
- Sarah Bailey as Credit Underwriter (September 2023)
- Ruby Cash as SBA Loan Officer (July 2023)
- Carrie Taylor as Loan Services Analyst (June 2023)
- Drew Tomlin and Shoshannah Walker (early 2024)
- Charles Millirons (April 2024)
- Recognitions and Achievements:
- BrightBridge Capital was recognized as the top SBA nonprofit lender in Tennessee (July 2024).
- Financial Milestones:
- Received a $35MM New Markets Tax Credit allocation (December 2022).
- Project Success:
- Assisted The Sugar Queen Creamery, enabling the purchase and renovation of a building for their business expansion through Fixed Asset and Working Capital loans.
- Community and Partnership Focus:
- The organization engages robustly with community development, leveraging partnerships with numerous banking institutions to reduce barriers to business growth.
No Information Available
The following fields have no information available:
- Founders of the company
- Number of employees
- Revenue of the company
For more details or inquiries, you can reach BrightBridge Capital at info@brightbridgeinc.org or by calling (423) 424-4220. They are located at PO Box 871, 506 Broad Street, Chattanooga, TN 37401.
