Campus News

REED Center offers small business boot camp and small business loan opportunity starting in September

08-08-2014


Contact 1: Bud Grimes


MARTIN, Tenn. — A four-week Small Business Boot Camp for aspiring entrepreneurs and new small business owners will be offered each Tuesday in September at the UT Martin Regional Entrepreneurship and Economic Development (REED) Center. The REED Center, the Tennessee Small Business Development Center and the UT Federal Credit Union are boot camp sponsors.

Sessions are scheduled 6-8 p.m. each Tuesday night starting Sept. 9 at the REED Center located at 406 South Lindell Street in Martin. Topics include best practices, writing a business plan, financing and making the pitch to a lender and marketing small businesses. Also, an attorney and an accountant will present legal and accounting information, and small business owners will discuss their experiences operating small businesses.

After boot camp graduation, participants can submit their written business plans to the Line12Fund loan committee. The Line12Fund is a microfund for business resources from UT Federal Credit Union. The microfund provides an alternate way for startups or businesses that don’t have a traditional credit history to get a loan. Participants who are selected can then “pitch” their business plan to the Line12fund committee, and if chosen, receive a loan up to $25,000.

The boot camp fee is $25 for the four-week event. Registration will also take place during the Launch Party and Member Appreciation Day on Thursday, Aug. 28, at the UT Federal Credit Union located at 103 Hurt Street in Martin. Hotdogs, chips and drinks will be served from 11 a.m.-4 p.m. while supplies last.

Participants can register for the Small Business Boot Camp on a space-available basis up until the day of the first session. For more information or to register, contact the UT Martin REED Center at 731-587-7333.

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