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Find similar grantsDirect Loan Program (KEDFA) is sponsored by Kentucky Economic Development Finance Authority (KEDFA) within the Kentucky Cabinet for Economic Development. KEDFA encourages economic development, business expansion, and job creation by providing business loans to supplement other financing.
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Small Business Loans in Kentucky | Kentucky Cabinet for Economic Development ATTENTION: CED staff is currently reviewing recently passed legislation related to economic development activity. Please stay tuned for important updates.
KEDFA Small Business Loans Small businesses engaged in the manufacturing, agribusiness or service and technology fields often need to update or purchase equipment to remain competitive in today’s marketplace, but often securing those funds through traditional lenders can prove difficult for a variety of reasons.
The Kentucky Economic Development Finance Authority (KEDFA) under the direction of the Cabinet for Economic Development and the Office of Entrepreneurship can offer fixed rate loans for projects like these.
Business must have 50 or fewer employees Business must be engaged in manufacturing, agribusiness or services and technology One new fulltime job must be created by the business within one year of the loan closing Minimum loan is $15,000 and maximum is $100,000 The loan can be used for up to 100 percent of the project costs or be used in conjunction with other lenders Loan terms are 3 – 10 year depending on the project Contact the Cabinet for Economic Development at (800) 626-2930 to discuss eligibility.
Kentucky Cabinet for Economic Development Fill out completely to submit your inquiry
According to the current listing, eligibility includes: Agribusiness, tourism, industrial ventures, or the service industry. Retail projects are not eligible. Confirm the full requirements in the official notice before applying.
Direct Loan Program (KEDFA) is funded by Kentucky Economic Development Finance Authority (KEDFA) within the Kentucky Cabinet for Economic Development. Verify program details on the funder's official page before applying.
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