News & Blogs

The Latest At Pathway



What is a line of credit?

Understanding Business Lines of Credit (LOC) The main advantage of a Line of Credit is the ability to borrow only the amount needed and pay interest only on the amount borrowed. How a LOC works: Typically, a LOC is for 12 months. It’s short term. It’s a pre-set borrowing limit normally used for working capital to operate a business. The ...
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Understanding revenue and expenses

The main goals of any business is to drive revenue and profitability. However, some business owners may not fully realize the importance of tracking their revenue in detail, along with the money their business spends. Not every business owner is an accounting expert, but a little knowledge can go a long way when it comes to tracking revenue and expenses. ...
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Steps to increase profitable growth

Success is defined differently by every person. In business, success is often defined by consistent profitable growth. Below is a checklist with simple questions you can ask yourself to assess how well you are positioned for profitable growth and what changes you can make to ramp up future growth. First you must understand where your business is. Then, identify what ...
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What is an SBA Microloan and what does it do for you?

The purpose is to provide Business loans up to $50,000 for working capital, equipment, or supplies. The mission is to integrate micro-level financing with training and technical assistance (TA). TA refers to the education and guidance provided to entrepreneurs to help them grow their business. The objective is to provide business-based training to support business owners’ success and help navigate ...
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Cash Flow Problems? Don’t bury your head in the sand!

Have you been in a situation where you didn’t have enough cash coming in to pay all of your bills? What did you do?  Did you call the people you owed to tell them about your situation and work out a plan with them? Or, did you become an Ostrich and stick your head in the sand hoping your problems ...
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Pathway Lending Deploys $7 Million in New Markets Tax Credits to Expand High-Quality Facilities and Manufacturing Capacity in Rural Tennessee

Transactions Generate $29.5 Million In Total Private Investment And 140 New Full-Time Jobs for Automotive Parts Manufacturer in Perry County, Tennessee NASHVILLE, Tenn. (October 27, 2023) – Pathway Lending, a Tennessee-based nonprofit, and Community Development Financial Institution (CDFI), announced today its Pathway Lending CDE (a Certified Community Development Entity) has provided $7 million in New Markets Tax Credits (NMTC) as ...
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U.S. Treasury’s CDFI Fund Awards $45 Million In New Markets Tax Credits to Pathway Lending

Pathway Lending to Deploy Investments Across Urban and Rural Communities Pathway Lending announced its third and largest allocation, $45 million in New Markets Tax Credits, from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to the nonprofit lender’s certified Community Development Entity (CDE). One of only two Tennessee-based awardees, Pathway Lending will deploy the investment ...
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TNECD Announces Lenders for Fund Tennessee’s LendTN Program

By: TNECD Press Release Five lenders to provide equitable access to capital across Tennessee Nearly $47 million allocated through the Fund Tennessee program for small businesses and entrepreneurs NASHVILLE, Tenn. – The Tennessee Department of Economic and Community Development (TNECD) announced today five new lenders to participate in LendTN, a Fund Tennessee program announced in February 2023. Nearly $47 million has been allocated ...
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On The Road To Success – Memphis Tire Recyclers

Duo David Burgess and Corteney Mack opened Memphis Tire Recyclers to offer a solution to an environmental concern in Memphis, Tennessee. David’s company MB Auto Transporters was awarded a contract by the Tennessee Economic Development Council in May of 2020 to execute the transportation and hauling of illegally dumped tires and rubber waste for the Tire-to-Trails Program. This initiative included ...
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Pathway Lending Welcomes Aaron Owen as Vice President of Lending in Knoxville

To support Pathway’s new 865 Opportunity Fund and collaboration with community partners, Pathway Lending welcomed Aaron Owen earlier this year as its new vice president of lending for the Knoxville region. Aaron brings over a decade of banking experience and an extensive local network to the role. Prior to joining Pathway, Aaron held several positions at U.S. Bank. “I look ...
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Practical Guide to Crafting a Marketing Strategy for Small Business Success

Marketing is essential for small businesses to attract and retain customers. A well-crafted marketing strategy can help you differentiate your business from the competition and reach your customers effectively. This is a step-by-step guide for small business owners to help create a simple yet comprehensive marketing strategy. Why You Do What You Do It’s important for you to clearly define ...
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Creating an Authentic and Customer-Centric Marketing Strategy

Creating a marketing strategy can feel like a daunting task, but it doesn’t have to be! By following a few key principles, you’ll be able to connect with your audience in a way that feels genuine and true to your brand. First things first, it’s important to get to know your audience. What do they value? What do they want? ...
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