Kentucky Highlands has many financing tools.  Below are a few loan programs which allow Kentucky Highlands to make investments from $500 to $10 million. If the programs do not fit your need, please contact us, we have several more loan progams.

For Loans Up to $50,000

The Micro-Enterprise Loan Fund is designed to encourage the development of small businesses by extending credit and providing technical assistance. All expansions and start-ups are eligible with the exception of businesses engaged in gambling, speculation lending or investments, pyramid sales, and floor planning. Funds may be used for the purchase of equipment or for working capital for the business and loan terms cannot exceed six years. A 5% minimum equity investment and personal guaranty are required. Click Here for the Fact Sheet.

For Loans Up to $250,000

The Small Business Loan Fund may be used to purchase and/or develop real estate, buy new or used equipment, and for working capital for the business. Exceptions include retail, coal, agricultural and tourism-related projects. All loans are term loans and must be collateralized and personally guaranteed. Interest rates are negotiable and terms vary from 5 to 15 years based on the purpose of the loan and the strength of the borrower. Click Here to the Fact Sheet.

Current Asset Leverage Financing

Kentucky Highlands Investment Corporation offers working capital lines of credit to businesses. The lines of credit are generally secured by accounts receivable, inventory and general intangibles of the corporation. The term of the loan is typically one year, but renewals are possible. A portion of the loan may be sold to local and regional banks in the form of bank participation.

Freight Enhancement Loan Fund

The Kentucky Highlands Freight Enhancement Loan Fund is primarily be used to provide lines of credit to finance operating costs for transportation-related businesses in the Kentucky Highlands ervice Area. In addition, Kentucky Highlands may use fund proceeds to provide fully-collateralized equipment financing for eligible borrowers. The origin of the fund is through a grant from the Federal Highway Administration which is administered by the Kentucky Transportation Cabinet.

Business and Industry Loans

Kentucky Highlands has been designated as a guaranteed lender in the United States Department of Agriculture Business and Industry Loan Guaranty Program. This program allows Kentucky Highlands to make loans up to $10 million and receive a guaranty from USDA. By using this program, Kentucky Highlands is able to offer long-term fixed rate financing.

Kentucky Highlands prohibits discrimination on the basis of race, color, origin, sex, religion, age, disability, political beliefs, sexual orientation or marital or family status.