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KY
KEDFA Direct Loan Program – Manufacturing
Below-market interest rate loans from KEDFA to supplement other financing for Kentucky manufacturers; can fund up to 100% of project costs for fixed asset financing (land, buildings, equipment); minimum $15,000, maximum $100,000 per loan; approved company must create at least one new full-time job within one year of loan closing; manufacturing is an explicitly named eligible activity.
About this program
Visit the program website for full details.
Eligibility
Kentucky manufacturers and agribusinesses seeking fixed asset financing for economic development or expansion; industrial ventures explicitly eligible; retail projects not eligible; must create at least one new full-time job.
Requirements
- Kentucky-based manufacturing or industrial business
- Use loan proceeds for land, buildings, equipment, or working capital
- Create at least one new full-time job within one year of loan closing