Idea Leap Loans
We believe every great idea deserves a chance to leap forward. Our Idea Leap Loan program is designed to empower local entrepreneurs and help small businesses thrive, with the flexible funding you need to grow.
An Idea Leap Loan Is a Great Choice If You:
Are Launching a Business
Need Flexible Capital
Want a Local Partner
Have a Solid Plan
Are Launching a Business
Need Flexible Capital
Want a Local Partner
Have a Solid Plan
What is an Idea Leap Loan?
Fuel Your Business Dreams
Launched in 2016, the Idea Leap Loan program provides capital to startups and early-stage businesses — funding needs that many traditional lenders overlook. We offer:
- Loans ranging from $2,500 to $75,000
- Financing solutions tailored for small businesses ready to take the next big step
- Personalized support from local business experts
Idea Leap Partners
Built With Community in Mind
Access to the Idea Leap program is only available through a referral from one of the collaborators listed here, and borrowers are required to continue to receive assistance from them during the life of the loan.
- CO.LAB — The Company Lab
- LAUNCHChattanooga
- SCORE
- Tennessee Small Business Development Center - Chattanooga
- Tennessee Small Business Development Center - Cleveland
- University of Georgia Small Business Development Center - Rome
- Urban League of Greater Chattanooga - NextLevel
- UTC - Urban Vision Initiative
- UTC - Veteran Entrepreneurship Program
Frequently Asked Questions
To apply, you must first obtain a referral from one of TVFCU’s collaborating partners, such as CO.LAB, LAUNCH Chattanooga, SCORE Chattanooga, the Tennessee Small Business Development Center (TSBDC), the University of Georgia Small Business Development Center (UGA SBDC), the Urban League of Greater Chattanooga, or the University of Tennessee at Chattanooga’s Veteran Entrepreneurship Program. Once referred, you can proceed with the application process through TVFCU.
The Idea Leap Loan program utilizes flexible and non-traditional underwriting criteria, allowing for consideration of unconventional collateral such as intellectual property (e.g., patents, trademarks, copyrights). Additionally, the approval process is expedited, with a goal of a 24-hour turnaround time.
Yes, borrowers are required to maintain a relationship with their referring collaborator throughout the life of the loan, ensuring continued support and guidance for business success.
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