The City of Tullahoma can help existing and new small businesses apply for up to $15,000 in USDA loan funds. The loans can be used for start-up, expansion and for improvements such as new windows, awnings, painting or HVAC. These are low variable rate interest loans, currently at 1% APR. To be eligible, a business must be located in the City of Tullahoma, have less than 50 employees, and annual revenues under $1 million. Interest rates are set at 4% below prime, adjusting annually, with up to five years for repayment terms. For more information contact the Tullahoma Finance Department.