SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $642 MILLION IN TENNESSEE OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Tennessee
- SBICs have invested in 114 small businesses in Tennessee since 2018.
- SBICs have invested $642.4 million in Tennessee small businesses since 2018, with $154.8 million invested in FY 2022 alone.
- Tennessee businesses that received financing from SBICs in 2022 supported 2,542 employees.
A sampling of the Tennessee-based companies that have received SBIC financing:
SpecialtyCare (Nashville)
SpecialtyCare is a leading provider of outsourced perfusion, autotransfusion, patient blood management, intraoperative neuromonitoring, deep brain stimulation, surgical assist, minimally invasive surgical support, and sterile processing management and consulting. The company delivers exceptional care through participation in more than 400,000 procedures each year, supporting over 13,500 physicians in more than 1,000 hospitals across the country.
- SBIC Investment: $21,000,000
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EnduraCare Acute Care Services, LLC (Franklin)
EnduraCare Acute Care Services, LLC ("EnduraCare"​), founded in 1981, is the nation's largest privately-held provider of therapy program management for hospitals. The company is headquartered in Franklin, Tennessee and has more than 700 therapists operating in more than 12 states. EnduraCare partners with hospitals and delivers labor productivity, revenue growth, staffing solutions, educational resources, and rehab expertise to ensure optimal performance.
- SBIC Investment: $6,250,000
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Cybera (Franklin)
Now PDI Technologies
Cybera is a leading provider of secure, software-defined WAN to many of the world’s top enterprises. Launched in 2011, the Cybera ONE platform provides a simple solution to the growing complexity that distributed enterprises face at remote locations in managing payment networks and other sensitive, complex applications. It dramatically reduces customer cost and complexity by integrating cloud and premise-based security technology into a single, easy-to-use offering. A pioneer in software-defined security and application-centric networking, Cybera has emerged as the disruptive alternative for easing the burden of data security and compliance and accelerating business agility for over 60,000 business locations in 23 countries. The company has been named a 2016 Business Intelligence Group Stratus Award finalist, a Gartner Cool Vendor, and recognized 7 times by Inc5000 as one of America’s fastest growing private companies.
- SBIC Investment: $8,604,953