HOLLINGSWORTH ENTREPRENEURIAL

During 2023 hollingsworth entrepreneurial foundation was in the startup phase and preparing to begin operating in earnest in 2024. It is a private operating foundation whose principal activity is sustaining and administering a mezzanine financing program for new and existing local businesses needing access to capital, but that are unable to obtain financing from conventional sources of funds due to the high level of risk presented by the applicant businesses. The foundation shall concentrate its financing efforts as follows: first, in the market street area of clinton, tennessee, then, for businesses operating in other geographic areas of clinton, tennessee, and finally, for businesses operating in other geographic areas of anderson county, (but excluding oak ridge), tennessee. This financing program will include making business loans guaranteed by the recipient business owners, and such loans will be further secured by security interests in the assets of the business or in other colla