The “865 Opportunity Fund” is a loan fund from Pathway Learning. They worked with several banks to create the new small business fund.
KNOXVILLE, Tenn. – Of the The Knoxville Chamber announced Thursday Small business owners can find a new way to make money.
They said Pathway Lending, a non-profit and community development finance organization, has partnered with First Horizon, Pinnacle Financial Partners and Regions Bank to rebrand their loans as have It is now known as the “865 Opportunity Fund.”
About $6 million is available in the fund, and the Knoxville Chamber said it will provide loans between $5,000 and $50,000 to qualifying small businesses. They said that the funding is based on the type of money that small business owners can get.
The 865 Opportunity Fund also aims to help grow Knoxville’s small business community. It will also focus on providing financing for small businesses and women’s businesses in Anderson, Blount, Grainger, Jefferson, Knox, Loudon, Roane, Sevier and Union counties.
“It offers small businesses the opportunity to grow. We come to start-up companies, we see an opportunity for them. We look, we look forward and we help them to they grow their business,” said Hank Helton, Executive Vice President of Pathway Lending.
Pathway Lending also announced that they hired Aaron Owen as the new vice president of lending for the Knoxville region to help support the new lending and collaboration in the region. Small business owners interested in learning more about applications and funding opportunities can contact him at 865-321-3050, or email aaron.owen@ pathwaylending.org.
More information about small business loan financing also available online.