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KY
Kentucky Small Business Credit Initiative — Collateral Support Program
Provides a pledged cash collateral account of up to 20% of a loan to help creditworthy Kentucky small businesses, including retailers, that lack sufficient collateral to secure financing.
About this program
Visit the program website for full details.
Eligibility
Small businesses in Kentucky that a lender has determined are creditworthy but lack sufficient collateral. Available for fixed asset financing only, not working capital or lines of credit. Business must occupy at least 51% of any commercial real estate being financed.
Requirements
- Business must be creditworthy as determined by lender
- Must have a collateral shortfall preventing loan approval
- Available for fixed asset financing only