Cumberland Area Investment Corporation assists businesses seeking to grow through revolving loan funds.

We specialize in gap financing and partnering with traditional lenders to help support job creation and regional, economical prosperity in the Upper Cumberland.

Funding

CAIC has two sources of funding: Economic Development Association (EDA) and USDA Rural Development. Sources can be combined in some instances.

Fixed Rates

CAIC offers competitive fixed rate loans for small businesses without industry specific requirements.

Eligible Projects

Potential projects include but are not limited to: Expanding your existing facility, Purchasing a building, Adding equipment, Improving your building, Upgrading equipment for energy efficiency, or Starting a new business

Two Step Approval Process

Loan application & financial information is reviewed by a regional volunteer loan committee.

Our board of directors review and vote on the application based upon the loan committee’s comments and recommendation.

Funding Eligibility

Applicants must be US citizens and unable to obtain traditional financing. Personal investment is required.

This region is rich in natural and human resources, a ‘can do’ attitude, and is just the right size for a business like ours. What the Cumberland Area Investment Corporation has done for us can’t be described in a few words. They share our vision for a brighter future for everyone.

Eric Jackson, Jackson Kayak

Triple C Machine owes a lot of our success to CAIC they have been great to work with and it is good to know that small business starting out has people to help get us up and running. When I first started the business grew way faster than I even thought and with out CAIC they are no way I could be as big as we are today. We have 2 locations now and a lot of new equipment to better take care of our customers. We will be adding on more equipment and employees also work is looking good . I just like to say thanks to CAIC , my customers , my employees and everyone that has helped me get to this point and we are not finished yet.

Jason Cantrell, Triple C Machine

Proudly serving the 14 counties of Tennessee’s Upper Cumberland since 1984

Cannon – Clay – Cumberland – DeKalb – Fentress – Jackson – Macon – Overton – Pickett – Putnam – Smith – Van Buren – Warren – White

Contact

Megan Choate

Director of Lending and Economic Development

P: 931.476.4115

F: 931.432.6010

E: mchoate@ucdd.org

Office Location

Upper Cumberland Development District

1225 South Willow Ave.

Cookeville, TN  38506