Finance your business
Louisville Metro offers a broad array of local financing options for business owners and developers of commercial property and can assist with start-up and expansion costs, building façade improvements, and major renovations, and help low- and moderate-income individuals either start a microbusiness or improve a pre-existing one. These programs do not finance property purchases.
Non-Metro Funding Organizations
- The Small Business Administration provides counseling services to help start and grow a small business, as well as a full array of loan, contracting, and exporting programs.
- Community Ventures is a nonprofit agency that specializes in small business development and lending.
- Access Ventures offers the Growth Loan, a character-based loan of up to $35,000 with no collateral or credit requirements. It is designed for small business owners who are unable to access capital through traditional underwriting methods.
- JFCS Navigate is a business microlender, specializing in financing viable small business ventures that don't meet the criteria of banks or other traditional lenders. Programs include microloans for low-income individuals, immigrants, refugees, women, minorities, and other micro entrepreneurs who encounter difficulty in obtaining financing.
- Kentucky Economic Development Finance Authority (KEDFA) offers fixed-rate loans for businesses in manufacturing, agribusiness, service, and technology.
- LHOME offers existing small business owners loans for up to $15,000. These loans have a 7.5% APR and a 36-month maturity.
- KY INNOVATION, through the Kentucky Cabinet for Economic Development, provides financial support through an array of financial assistance and tax credit programs to encourage economic development, business expansion, and job creation.
- Kentucky Proud offers marketing assistance, promotional materials, and other “buy local” support programs
- Crowdfunding sources include Kickstarter, GoFundMe and Indiegogo.