BBA Memphis followed its partners from the former City of Memphis Business Development Center at 555 Beale to the recently renovated Universal Life Building. The new center at 480 Dr. M.L.K. Jr Ave. is called the Entrepreneurs Network Center (ENC).
At 11,000 square feet of space, the ENC has state of the art technology and multiple conference rooms and access to computers, scanners and fax. You can still find our co-located partners here as well including the Memphis Area Minority Contractors Association (MAMCA) and the Tennessee Small Business Development Center (TSBDC). Visitors can also learn the rich history of the Universal Life building through a display developed by Middle Tennessee State University's Center for Historic Preservation.
Need help to grow your business? The Entrepreneurs Network Center is committed to being your #1 resource for small business development. Additionally, the center serves as a central point for businesses seeking data and financial resources from public and private entities. Seminars, training sessions and workshops are held throughout the year covering various topics How to Start A Business, How to Develop a Business Plan, Basic Accounting for Small Businesses, Tax Preparation, Cash Flow Analysis and Marketing and Advertising.
SPECIFIC LOAN PROGRAMS
The Entrepreneurs Network Center offers access to a wide variety of loans to meet every small business’s need.
Special loan programs have been established to provide financing to assist small, minority and women-owned businesses having difficulty qualifying for business loans. The major loan programs available at the center include:
City of Memphis Micro-Loan Program
This program is designed to enhance job growth and/or retention by providing small businesses with access to alternative financing for working capital, inventory, façade improvements, equipment, etc.
Contractors Assistance Program (CAP)
CAP offers a revolving loan fund to provide contractors with non-traditional lending options for contract financing, equipment purchases, etc.
Grow Memphis Fund
The purpose of the Grow Memphis Fund is to provide M/W/SBEs with access to capital beyond that available from conventional lending sources for working capital, fixed assets, and inventory. This program is designed to support job creation and the growth and expansion of eligible M/W/SBEs as a part of the administration’s Memphis Economic Growth Initiative.
The City of Memphis Division of Housing and Community Development (HCD) established the Contractors Assistance Program (CAP) to provide technical assistance and classroom training for local contractors.
Contractors Assistance Program (CAP)
The program is designed to assist small, minority and women contractors in becoming stronger competitors in the local construction industry. CAP offers a plans room, bonding and insurance assistance, various certification opportunities and state licensing.
Other Resource Providers
Other resource providers are available on premise at the Business Development Center to offer counseling, financing options, special training, seminars and other technical assistance programs.
Small Business Administration
The SBA helps entrepreneurs and existing owners to start, build, or grow their businesses. For details on all SBA programs and services, which include information on financing, loan applications, government regulations and licensing, please visit the website at http://www.sba.gov, or call the Tennessee District Office at (615) 736-5881.
Tennessee Small Business Development Center
Provides counseling, business planning and marketing assistance, training and cash flow analysis to start-up entrepreneurs and existing business owners. TSBDC is a network of professional business consultants that prides itself on providing expert business advice to all types of businesses. There is no charge for counseling.
Memphis Area Minority Contractor’s Association
Established in 1974 to assist minority and women contractors in the greater Memphis area. MAMCA’s goal is to bring contractors together for a brighter future. Technical assistance, training, access to plans and support are offered in all phases of construction.