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.
CAIC has two sources of funding: Economic Development Association (EDA) and USDA Rural Development. Sources can be combined in some instances.
CAIC offers competitive fixed rate loans for small businesses without industry specific requirements.
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.
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
The Upper Cumberland Development District and Cumberland Area Investment Corporation are equal opportunity providers, employers, and lenders.
The Small Business Development Center at UCDD serves the 14-county Upper Cumberland region and provides small business start-up services including, but not limited to: business plan development, financial planning assistance, marketing plan development, sources of capital, and social media guidance.
In addition to start-up assistance, SBDC at UCDD provides existing business assistance including, but not limited to business growth planning, government contracting guidance, international trade guidance, sources of capital, and social media strategy guidance.
Director of Small Business Development Center at UCDD
For those in recovery, success after treatment depends on a sense of belonging to their community. They need the community to understand that addiction is a physical dependency; not a moral failing. With employment, housing, and recovery support, the healing process can begin and the feeling of safety begins to grow.