Idea Leap Loans
We've provided answers to some of the most frequently asked questions about the Idea Leap Grant program. Have a question you don't see answered here? Please refer to the full program rules. Please email additional questions to [email protected].
- BrightBridge
- CO.LAB — The Company Lab
- LAUNCHChattanooga
- SCORE
- Tennessee Small Business Development Center - Chattanooga
- Tennessee Small Business Development Center - Cleveland
- Urban League of Greater Chattanooga- NextLevel
- UTC - Veteran Entrepreneurship Program
Access to the Idea Leap program is only available through a referral. Borrowers are required to be referred by one of the collaborators listed above, and are required to continue to receive assistance from one of the collaborators during the life of the loan.
- Flexible and non-traditional underwriting criteria will be used to evaluate and approve loans.
- Non-traditional collateral will be considered to include but not limited to, patents, trademarks and copyrights, intellectual property or other.
- Loan approval process will be expedited, with a goal of one week turnaround time.
- Funding available for early-stage businesses ranging from $2,500 to $75,000.
Access to the Idea Leap program is only available through a referral. Borrowers are required to be referred by one of the collaborators listed above, and are required to continue to receive assistance from one of the collaborators during the life of the loan.