Tennessee Rural Development Fund

A United States Treasury Department Certified Community Development Financial Institution (CDFI)


To improve the rural economies of Tennessee by stimulating business and economic growth thru the provision of affordable capital, creative financial structures, and by leveraging private investment into low income communities; improving the overall quality of life in Rural Tennessee.

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We offer two core loan types

With each of the core loan products, TNRDF’s participation in a project’s capital stack is determined and defined on a case by case basis. TNRDF places weighted emphasis on community impact, and specific project funding needs.

Commercial Real Estate (CRE)


TNRDF provides these loans in conjunction with participating bank partners to businesses and industries that are locating to, or expanding in, Tennessee’s rural communities. Borrowers can use the funds for acquisition, construction, renovation, and/or expansion of commercial and industrial real estate

Small Business Loans


TNRDF provides these loans in a subordinate position with banks or other lenders. Borrowers can use the funds for equipment purchase, inventory and supplies, leasehold improvements, and working capital.



Why Rural Tennessee?

Tennessee Rural Development Fund was founded to provide affordable capital to spur business growth and expansion in the rural and economically distressed counties of Tennessee. Much of Rural Tennessee suffers from a lack of regulated financial institutions and CDFIs, which has contributed to decades of high poverty and unemployment, low income, and a general lack of opportunity. TNRDF sees an opportunity to support the redevelopment of vacant commercial and manufacturing real estate to create small business and employment opportunities for local residents and small business startups and current business expansions in the state.

Our Foundation

The Tennessee Rural Development Fund was established to bring additional resources to Rural Tennessee for the purposes of creating and retaining jobs, expanding local tax bases, and improving the overall quality of life for its residents.


<a href="https://tnrdf.com/david-allen/">David Allen</a>

David Allen


David is the founding partner of Tennessee Rural Development Fund.

<a href="https://tnrdf.com/robert-duncan/">Bob Duncan</a>

Bob Duncan


As a member of the American Institute of Certifed Public Accountants since 1971, Bob has served on many committees for the City of Cookeville and Tennessee Tech University.

<a href="https://tnrdf.com/kevin-bowling/">Kevin Bowling</a>

Kevin Bowling

Vice Chairman

Kevin draws on more than 30 years of executive business and consulting experience working with public and private companies as well as government agencies.

<a href="https://tnrdf.com/bob-allen/">Bob Allen</a>

Bob Allen

Secretary Treasurer

Bob has extensive experience in all aspects of operating and growing successful companies.

<a href="https://tnrdf.com/james-matthew-allen/">Matt Allen</a>

Matt Allen

Board Member

Prior to joining TNRDF, Matt Allen spent 17 years at his Construction Company, in Cookeville, TN.

 <a href="https://tnrdf.com/martin-foutsch/">Martin Foutch</a>

Martin Foutch

Board Member

Native Cookevillian, fourth generation principal of locally owned and operated family business, Foutch’s, with the fifth generation being groomed for succession.

 <a href="https://tnrdf.com/ken-campbell/">Ken Campbell</a>

Ken Campbell

Advisory Board Chairman/ Legal Council

Ken is a partner in Campbell Law Solutions. A native of Oak Ridge, Tennessee.


Send us a message to find out more about how we can meet your funding needs.