SKED LOANS

SKED has been designated by the U.S. Department of Treasury as a Community Development Financial Institution and 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. Combining the availability of its low-interest loan funds with state and local tax incentives, SKED can structure a compelling incentive package for any business.

SBA 504 Loan Fund

SKED is a U.S. Small Business Administration (SBA) Certified Development Company (CDC) partnering with the SBA to provide small business financing throughout the state of Kentucky.

Small business owners thinking of purchasing or renovating commercial real estate or purchasing equipment to grow their business should consider the SBA’s 504 Loan Program. The 504 loan provides small businesses access to the same type of low cost, long-term, fixed-rate financing enjoyed by larger firms. (pdf)

Business & Industry Loan Fund

SKED provides low-interest, fixed-asset financing to new and expanding manufacturing companies to finance fixed assets such as buildings or equipment. The maximum loan is 45% of the project not to exceed $500,000. The minimum loan size is $35,000. Projects must create new jobs or have a significant impact on the economic growth of a community. (pdf)

Micro Loan Fund

SKED's Micro Loan Fund is designed enhance long-term job growth by providing technical assistance to local entrepreneurs and short-term asset financing to small and emerging businesses in rural areas. The minimum loan is $5,000. (pdf)

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