Small Business Loans

It takes money to make money, so the proverbial saying goes. Businesses have to consider their finances for so many purposes, ranging from survival in bad times to bolstering the next success in good ones. How you finance your business can affect your ability to employ staff, purchase goods, acquire licenses, expand and develop. While finances are not necessarily as important as vision and a great product, they are crucial to making the good stuff happen. The following agencies help when you need small business financing:

Gateway Area Development District Revolving Loan Fund — the GADD RLF consists of funds made available through the U.S. Department of Commerce, Economic Development Administration to encourage job creation and for small business startup and expansion.

U.S. Small Business Administration — SBA provides a number of financial assistance programs for small businesses including 7(a), 504 and disaster assistance loans.

U.S. Department of Agriculture Business Programs — USDA provides funding opportunities for rural small businesses through loans, loan guarantees, and grants.

Kentucky Cabinet for Economic Development Business Incentives and Financial Programs — Kentucky’s pro-business climate provides a number of incentives for businesses. The Kentucky Economic Development Finance Authority (KEDFA), established within the Cabinet for Economic Development to encourage economic development, business expansion, and job creation, provides financial support through an array of financial assistance and tax credit programs.

Mountain Association for Community and Economic Development — MACED offers many types of loan products including equipment and real estate loans, working capital, operating capital term loans, lines of credit and technical assistance loans.
Southeast Kentucky Economic Development Corporation — SKED offers a variety of loans programs to meet the needs of traditional manufacturers, the small business owner, technology-based companies, and local communities wanting to build speculative buildings.