Tipton County Chamber of Commerce
+ Tipton County Chamber Foundation
In 2022, the Tipton County Chamber Foundation was awarded a grant from the United States Department of Agriculture (USDA) to launch a program designed to help the small businesses in Tipton County. This grant will enable the Tipton County Chamber of Commerce and the Chamber Foundation to provide low-interest loans, training grants, and host local seminars.
MONEY FOR YOUR BUSINESS
You have options, especially in Tipton County.
TIPTON COUNTY CHAMBER FOUNDATION LOAN PROGRAM
Thanks to funding from the USDA, the Tipton County Chamber Foundation has a low-interest revolving loan pool for businesses with less than 50 employees and less than $1 million in gross annual sales located in Tipton County.
Start-up businesses (less than two years old) are strongly encouraged to complete a Business Planning and Management course and complete a business plan from the course. Alternatively, you may submit an approved business plan to apply.
Existing businesses (2 years or older) may apply directly.
LOCAL LENDERS
Several local lenders work with commercial (business) loans. The lenders that work with Tipton County business clients most often are: Encompass Credit Union, Star Financial, and First Farmers Bank & Trust.
SBA LOANS
Small Business Administration supported loans. SBA does not actually make direct loans; instead, it guarantees loans to entrepreneurs, promising the bank/lender to pay back a certain percentage of your loan if you cannot. Banks participate in the SBA program as regular, certified, or preferred lenders. Click here to find the best lender for your needs.