- As of mid-2026 Tennessee has no commercial financing disclosure law or MCA statute; receivables-purchase MCAs generally fall outside the state's lending and usury rules (including the Tenn. Code §47-14-103 formula rate cap), though the Consumer Protection Act still applies.
- The economy spans Nashville healthcare and music, Memphis logistics anchored by the FedEx superhub, automotive plants like Nissan and Volkswagen, and Knoxville-area research, with no state income tax on wages.
- The SBA Tennessee District Office in Nashville serves the entire state through participating 7(a) and 504 lenders.
Funding the Tennessee economy
Tennessee runs on three very different metros that together give the state an unusually balanced economy. Nashville has become a magnet for healthcare management, music and entertainment, and corporate relocations, fueling a construction and hospitality boom. Memphis is a global logistics capital — home to the FedEx superhub and the Port of Memphis — where goods move around the clock. Knoxville anchors the east, tied to the University of Tennessee and the research spilling out of nearby Oak Ridge National Laboratory. Layer in automotive plants like Nissan in Smyrna and Volkswagen in Chattanooga, and you have steady, statewide demand for capital.
Industries we fund across Tennessee
- Healthcare services — practice financing and working capital for the clinics and management companies clustered around Nashville.
- Trucking & logistics — invoice factoring is especially common in the Memphis distribution corridor, turning slow-paying freight bills into same-week cash.
- Music, entertainment & hospitality — short-term working capital for venues, studios, restaurants, and tourism businesses in Nashville and beyond.
- Manufacturing — equipment financing for the automotive and supplier shops across Middle and East Tennessee.
- Construction & trades — lines of credit and equipment loans to keep up with growth in Nashville and Knoxville.
What the rules mean for you
Tennessee has not enacted a commercial financing disclosure law, and no MCA bill is pending. Because most merchant cash advances are structured as purchases of future receivables, they generally fall outside the state’s lending and usury rules, so providers aren’t required by the state to give you a standardized APR or total-cost figure, and they don’t register with a state financial regulator for that product. The practical takeaway: get the numbers yourself. Before signing, ask for the factor rate, the total repayment amount, the holdback percentage, and every fee in writing, and read the reconciliation clause closely. Hoss Capital only works with partners who operate transparently.