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KY
Kentucky Small Business Credit Initiative — Collateral Support Program (Professional Services)
Provides pledged cash collateral of up to 20% of a loan to help creditworthy Kentucky professional services businesses that lack sufficient collateral for fixed asset financing.
About this program
Visit the program website for full details.
Eligibility
Creditworthy professional services small businesses in Kentucky that have a collateral shortfall. Available for fixed asset financing only; business must occupy at least 51% of any commercial real estate financed.
Requirements
- Business must be creditworthy as determined by lender
- Must have a collateral shortfall preventing loan approval
- Available for fixed asset financing only