Tennessee Code Title 45. Banks and Financial Institutions § 45-17-106

(1) A nonrefundable supervision fee, as provided in § 45-1-118(i); and

(2) A balance sheet and income statement for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm. For a newly created entity, the commissioner may accept a balance sheet only, accompanied by a projected income statement demonstrating that the licensee will have adequate capital after payment of start-up costs.