Tennessee Valley Federal Credit Union Invites Small Businesses To Win $21K in ’21
Monday, May 3, 2021
Tennessee Valley Federal Credit Union is celebrating National Small Business Week by opening the Fourth Annual Idea Leap Grant where small businesses can vie to win $21K in ’21.
Businesses in TVFCU’s 13-county service area that have been in operation for at least one year and have fewer than 20 employees are eligible to apply for their chance at winning one of five grants valued at $21,000, $15,000, $10,000, $7,000 and $5,000. Full rules and the application are available at tvfcu.com/IdeaLeapGrant.
“The grant is an extension of our Idea Leap Loan Initiative that was created specifically for small businesses in 2016 and is our way of re-investing those loan proceeds back into the community,” said Tommy Nix, vice president of business and commercial services at TVFCU. “Through the Idea Leap Initiative, we have funded more than $3.8 million in loans to emerging and early-stage businesses. We have awarded more than $125,000 in Idea Leap Grants to more than 100 small