Three Roots Capital Recognized as Small Business Excellence Recipient at Pinnacle Business Awards

The Knoxville Chamber is pleased to announce Three Roots Capital (3Roots) as the recipient of the Pinnacle Business Award in the Small Business Excellence category. 3Roots supports small businesses, entrepreneurs, real estate projects, and communities in economically challenged areas by deploying financial products and services. The Small Business Excellence Award, sponsored by Allcor Staffing, is presented to an East Tennessee small business, employing 50 or less, that has consistently grown its workforce and revenue.

“Three Roots Capital is focused on providing capital and related support and services to small businesses and impactful projects in our community and the broader southern and central Appalachian region,” said Grady Vanderhoofven, president and CEO. “We appreciate the Knoxville Chamber for recognizing us in this way, and we hope receiving this award will increase our visibility to companies, projects, banks, communities, and other collaborators that might be positively impacted by working with 3Roots.”

3Roots offers products and services including loans, equity investments, and operational assistance with a focus on job-creating small business, place-making commercial real estate, affordable and workforce housing, and community facilities. Within the small business emphasis, 3Roots seeks opportunities to support businesses owned or managed by women, minorities, and veterans, and businesses that might otherwise have difficulty accessing traditional capital sources. Since inception, the amount of capital deployed has grown to more than $100 million.

“Access to capital has been identified as a significant barrier for local small businesses and entrepreneurs. We are appreciative of any organization helping owners to overcome that obstacle,” said Mike Odom, Knoxville Chamber president and CEO. “I am thankful for the contributions being made by companies like Three Roots Capital that continue to drive regional economic prosperity.”

The annual Pinnacle Business Awards, presented by Pinnacle Financial Partners, celebrate regional business excellence, honoring outstanding professionals in nine categories for their contributions to the greater Knoxville economy. Winners are selected by the Knoxville Chamber Board of Directors. Over 80 companies were nominated for 2023 recognition.

“Congratulations to all Pinnacle Business Award winners. When local businesses thrive, so do the communities they serve. That’s why Pinnacle Financial Partners set out to be a small business and commercial bank from the very beginning,” said Mike DiStefano, Pinnacle’s Knoxville president. “We know how hard it is to run a company, much less make it successful, and we’ll do everything we can to help build that success. It’s an honor to be part of this program and help recognize the home-grown players in Knoxville’s economy.”

For in-depth video interviews and more information on the 2023 Pinnacle Business Award recipients, visit www.knoxvillechamber.com/pinnacle.