FINANCIAL RESOURCES

In addition to traditional business loans available at most local banking institutions these programs may offer attractive financing options to assist new and growing businesses.

SMALL BUSINESS ADMINISTRATION (SBA)

7(a) Loan - The 7(a) is a loan guaranty program in which the SBA partially guarantees a traditional business loan from a bank. Contact your local bank for more information.
504 Loan – The 504 loan program is offered by Small Business Certified Development Companies in partnership with local banks to provide fixed rate financing on major fixed assets (i.e. land and buildings).
Micro Loan – Small loans (max of $35,000) available to new and growing small businesses.

KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY (KEDFA)

http://www.thinkkentucky.com/kyedc/pdfs/SmallBusinessLoanProgram.pdf
KEDFA has a small business loan program to provide capital for land, buildings, equipment, working capital, etc in amounts ranging from $15,000 to $100,000. The loan funds are not eligible to retail or personal/professional services and cannot be used for refinancing existing debt. Companies with fewer than 50 employees are eligible and recipients must create one job within one year of receiving funds.

STATE OF KENTUCKY

www.thinkkentucky.com – Business resources provided by the State of Kentucky Economic Development Office. (Navigate to Business Assistance then Small Business Support). A checklist and resource guide for starting a business in Kentucky can be found at http://www.thinkkentucky.com/kyedc/pdfs/bicguide.pdf

KENTUCKY SMALL BUSINESS DEVELOPMENT CENTER

www.ksbdc.org - The Kentucky Small Business Development Center network is a premier provider of business services that empower entrepreneurs with practical information, skills, and strategies that make measurable, positive impacts on their businesses and, by extension, on the communities where they work. The local contact is Mickey Johnson at the Murray State Small Business Development Center. He can be contacted at 926-8085.

KENTUCKY SCIENCE AND TECHNOLOGY CORPORATION

http://www.kstc.com - KSTC is an entrepreneurial company dedicated to enhancing the capacity of people, companies and organizations to develop and apply science and technology and compete responsibly in the global marketplace.

INNOVATION AND COMMERCIALIZATION CENTERS (ICC’S) & INNOVATION CENTERS (IC’S)

http://www.startupkentucky.com – ICC’s and IC’s are comprehensive business accelerators focused on helping Kentucky entrepreneurs build successful technology-based businesses.

KENTUCKY COUNCIL ON POSTSECONDARY EDUCATION

http://cpe.ky.gov/policies/economic - This site lists a variety of resources that have been developed out of collaboration between higher education and private business

ENTREPRENEUR.COM

http://www.entrepreneur.com - This website is a general resource to assist the budding and experienced entrepreneur.

ENERGIZING ENTREPRENEURS.ORG

http://www.energizingentrepreneurs.org - This website is a valuable resource for rural entrepreneurs.

AMERICAN MANAGEMENT ASSOCIATION

www.amanet.org - AMA is a global not-for-profit, membership-based association that provides a full range of management development and educational services to individuals, companies and government agencies worldwide, including 486 of the Fortune 500 companies.

MINORITY BUSINESS DEVELOPMENT AGENCY

http://www.mbda.gov - The Agency's mission is to actively promote the growth and competitiveness of large, medium and small minority business enterprises (MBEs). MBDA actively coordinates and leverages public and private-sector resources that facilitate strategic alliances in support of its mission.