More than capital
where businesses and communities grow
2025 annual report
more impact
$54.3MM
in mission-driven capital strengthened businesses and supported communities across Tennessee and the Southeast.$5,000 — $4,000,000
$730,000
76% of total dollars
Education Facilities
3,024
student seats supportedChildcare Facilities
212
students supportedHealthcare Facilities
686
Patient Capacityclients funded
jobs supported
In 2025, we met business owners trying to grow, families looking for quality and affordable housing, and communities working to create more opportunities.
That’s what Pathway Lending is all about.
We put more than $54 million to work, reaching a record $239 million in loans outstanding, capital going directly into businesses and communities across Tennessee and the Southeast. What that capital made possible matters even more.
It means over 2,700 jobs supported, more than 1,200 residents with access to housing, and thousands of students learning in improved spaces.
We worked alongside entrepreneurs building in real time, including over 3,000 veterans and military members, offering coaching, resources, and support through our Veterans Business Outreach Center.
We also made progress toward long term impact. We raised $30 million in capital commitments for the Pathway Housing Fund, which acquired its first property in early 2026, expanding access to affordable housing. And through more than $17 million in sustainability lending, we helped businesses lower costs and invest in what’s next.
This work happens because of strong partnerships, a committed team, and clients who trust us to be part of their growth.
We’re proud of what’s been built, and focused on continuing to provide capital and support in ways that are practical, flexible, and centered on what matters most to the people we serve.
$23.4MM
in 101 small business loans$10.3MM
to women-owned businesses9
Veteran-owned businesses funded$8.9MM
to entrepreneurs in rural counties
15,000
Education hours provided1,800
Entrepreneurs served
In 2025, Andy took a major step to continue that legacy by purchasing the company’s instrument rental division, Great Southern Instrument Rentals. But securing financing required a creative approach. Because the business’s assets are primarily rental instruments, it did not meet traditional bank collateral requirements.
After a referral from a banking partner, Andy connected with Pathway Lending. With a more flexible approach, Pathway provided the financing needed to complete the acquisition, making it possible to preserve and grow a critical part of the business.
For years, she rented space for her daycare, all while envisioning a place to call her own. Every day, she passed a building she hoped could one day be the permanent home for Unique Kids.
With financing from Pathway Lending, Dominique purchased a building to call her own, laying a strong foundation for the next stage of her business.
Today, Unique Kids serves 53 children, employs 17 team members, and is preparing to expand to serve up to 99 kids, creating even more jobs and providing caring support for working families in the community.
Owning our own building is a dream come true. We’re making the space our own, a place where we can welcome more children and support more families in our community. Pathway Lending helped make that possible.Dominique Gill
Based in Byhalia, Mississippi, just south of Memphis, Beaver Built & Cherokee Manufacturing produces aluminum utility trailers, car haulers, and a range of wide, custom, and safety trailers. With a team of over 20 employees, their work supports other businesses that depend on durable, high-quality equipment to keep operations moving.
As demand increased, Beaver Built needed more flexible capital to keep pace with production and fulfill larger orders. Referred by a banking partner, they turned to Pathway Lending to refinance an existing loan and secure a line of credit for bulk inventory purchases, improving cash flow and creating room for growth.
$17.2MM
in 19 sustainability loans funded$331,000
annual cost savings
When John and Sandy took ownership in 2020, they focused on keeping that tradition going while making smart investments to support the business long-term.
One of their biggest concerns was power reliability. For a shop that depends on fresh, daily inventory, even a short outage can result in lost product and lost revenue.
With financing from Pathway Lending’s sustainability loan program, they installed a solar energy system, giving them a more dependable power source and helping reduce the risk of disruptions.
With that added stability, John and Sandy can focus on what they do best, serving their customers and continuing a Cookeville tradition that’s been going strong for more than 60 years.
A former 25-bed critical access hospital in Ripley, Tennessee is being repurposed into a behavioral health center after operations moved to a new facility in 2023. The 68,000-square-foot building will offer inpatient, outpatient, and partial hospitalization services.
The renovated facility will include 20 inpatient rooms for substance use and mental health treatment, along with upgrades to the roof, HVAC, electrical systems, and interior finishes to improve energy efficiency. The project is also part of a New Markets Tax Credit transaction.
Once complete, the center will provide accessible, medically sound care for individuals regardless of income, serving Medicare, Medicaid (TennCare), and privately insured patients. Pathway Lending supported the project through C-PACER financing.
$5.3MM
loans fundedFounded by Brad Long, a former engineer with deep experience in hands-on construction, the company has grown from renovating homes across the city to delivering full-scale residential and commercial projects.
As demand for quality housing in Memphis has increased, Inkan Builders has focused on building in areas with strong potential while also advancing workforce and affordable housing, including in the Memphis Medical District.
They also focus on developing vacant infill lots, converting underutilized and blighted sites into attainable housing opportunities.
Pathway Lending has helped finance several of Inkan Builders’ projects, providing the capital needed to support continued growth and take on larger developments.
With that capital, Inkan Builders is expanding its reach, building homes, strengthening neighborhoods, and contributing to a more accessible housing market across Memphis.
This past year, Pathway has made a real difference in helping me grow my businesses.Brad Long
$4.9MM
loans funded$6.7MM
total project costAs the area continues to see rapid growth, the need for “missing middle” housing has become more urgent, with limited options for families seeking quality homes at attainable and affordable price points.
To help meet that need and move the project forward, financing from Pathway Lending supported the development of Belle Mont, making it possible to bring new housing options to the community.
Board of Directors
Regions Bank
Vanderbilt University School of Engineering
University of Tennessee
Meharry Medical College
CEO
MIG Steel Fabrication
Tennessee Valley Authority
Pinnacle Financial Partners
Foundations and Public Stakeholders
Amazon Housing Equity Fund
Appalachian Regional Commission
Bank of America Charitable Foundation
Benwood Foundation
Bobby Stone Foundation
Carsey School of Public Policy at the University of New Hampshire
Christian Brothers University
City of Chattanooga
Community Reinvestment Fund, Inc.
Epicenter Memphis
Fifth Third Foundation
Footprint Foundation
Hyde Foundation
Joe C. Davis Foundation
JPMorgan Chase Foundation
Kresge Foundation
Lyndhurst Foundation
Maclellan Foundation
Mascoma Community Development
Metropolitan Development & Housing Agency (Nashville, TN)
Metropolitan Nashville - Barnes Fund
PNC Foundation
Pointer Management
Regions Bank CDC
Regions Foundation
Robert (Bobby) Finley Stone Foundation
Tennessee Bankers Association
Tennessee Department of Economic & Community Development
Tennessee Department of Environment & Conservation
Tennessee Department of Revenue
Tennessee Department of Treasury Small & Minority Owned Business Assistance Program
Tennessee Housing Development Agency
Tennessee Valley Authority
The Women's Fund, Community Foundation of Middle TN
Truist Capital Fund/The Winston-Salem Foundation
United Way of Greater Nashville
University of Tennessee
U.S. Department of Agriculture
U.S. Small Business Administration
U.S. Department of Treasury Community Development Financial Institutions Fund
Wells Fargo Foundation
Yield Giving
Private Stakeholders
Appalachian Community Capital
Andrew Johnson Bank
Bank3
Cadence Bank
Capstar Bank
CB&S Bank
Centennial Bank
Citizens Bank (Carthage)
Citizens Bank (Elizabethton)
City National Bank
Commercial Bank and Trust
Decatur County Bank
F&M Bank (Clarksville)
First Citizens National Bank
First Farmers & Merchants Bank
First Horizon
FirstBank
INSBANK
Legends Bank
Macon Bank and Trust Company
McKenzie Banking Compnay
Opportunity Finance Network
Paragon Bank
Peoples Bank of Alabama
Pinnacle Bank
PNC Bank
Regions Bank
Renesant Bank
Security Bank and Trust Compnay
Simmons Bank
Synovus Bank
TriStar Bank
Truist Bank
Truxton Trust
United Community Bank
U.S. Bank
Veteran Loan Fund, LLC
Wells Fargo Bank
Wilson Bank & Trust
