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Nashville Small Business Recovery Fund loans still available

NASHVILLE, Tenn. (WTVF) — If you are a business owner, make sure you are not leaving money on the table. You can still benefit from the Nashville Small Business Recovery Fund.

The funds are first come first serve. About $1.5 million have been loaned so far, and about $7 million is still left for businesses to apply for according to the distributor, Pathway Lending. Business owners can get between $10,000 to $200,000 in loans with only 2 percent interest.

This fund is thanks to the American Rescue Plan. Last year Metro Council approved for $9 million to go towards grants and another $9 million for loans for small businesses impacted by the pandemic and to help the local economy bounce back.

Businesses were able to start applying last June. Almost 470 grants were approved, but money for the loans is still available.

Some of the qualifications to apply — you have to have a business within Davidson County that was established by…

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