Mayor John Cooper announced Wednesday applications for $18 million in grant and loan funds made available through the American Rescue Plan for small businesses in Nashville and Davidson County are now open to applicants.

Eligible Small Businesses in Davidson County can apply for grants up to $35K or low-interest loans up to $200K. Small business applicants must have a Davidson County postal address and physical location, 2021 annual revenue between $10K and $1M no more than 50 full-time employees, and must meet additional criteria.

Metro Nashville is partnering with Pathway Lending to administer the funds. Starting June 29, eligible small businesses can apply for a grant or start a loan application. Applicants can also sign up for information sessions to preview the application requirements and processes, along with guidance to help businesses deciding between applying for a grant or applying for a low-interest loan.

“Nashville’s economic recovery overall has been nothing short of remarkable, but it’s essential that our small business community gets the help they need to get back on their feet and thrive,” said Mayor John Cooper. “These grants and loans created from the Biden Administration’s American Rescue Plan will help the engine of our great city – small businesses – continue to generate jobs and drive an economy that works for every neighborhood forward.”

The program website details full eligibility criteria as well as frequently asked questions, grant and loan application guides and lists nonprofit program partners providing technical assistance to help small businesses prepare applications.

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