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 the Tipton County Chamber's NxLevel 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, BMO, 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.   

TRAINING FUNDS

Listen up!  This is unique money available to business owners in Tipton County.

Through a grant from the USDA, the Tipton County Chamber can pay for the training needs of our small businesses with less than 50 employees and less than $1 million in gross annual sales. This money does not have to be repaid.

Eligible Activities for training funds: Market research, consulting services, service training, education, related trade show associations, and conferences.

Clients have used these funds for various training, including QuickBooks, industry certifications, and learning more about using social media.