South Western Kentucky EDC
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Small Business

  • The Kentucky Small Business Investment Credit (KSBIC) – (PDF)
    The KSBIC program is designed to encourage small business growth and job creation by providing a nonrefundable tax credit to eligible businesses hiring one or more eligible individuals and investing at least $5,000 in qualifying equipment or technology. With certain exceptions, most for-profit businesses with 50 or fewer full-time employees are considered eligible for this program. The KSBIC program is limited to allocating a total of $3 million in tax credits per state fiscal year.
  • Small Business Loan Program (PDF)
    The Small Business Loan Program is designed to help small businesses acquire funding needed to start or grow their small business. A small business must be engaged in manufacturing, agribusiness, or service and technology. Loan funds may be used to acquire land and buildings, purchase and install equipment, or for working capital. The minimum loan amount is $15,000 and the maximum is $100,000. The approved company must create one new full-time job within one year of the loan closing. KEDFA can fund up to 100% of the project costs and the loan can be used in conjunction with other lenders. The term of the loan can range from 3-10 years.
  • Kentucky Microenterprise Loan Program (PDF)
    Provides technical assistance and business loans, up to $50,000, to entrepreneurs in 25 Kentucky counties that formerly had no access to such a program. Funds may be used for, among other purposes, working capital, equipment purchases and inventory purchases.
  • U.S. Small Business Administration
    Federal agency that provides a number of guaranteed loan and other financial assistance programs to small businesses.

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RECENT NEWS

Mar 1, 2017

SWK EDC Hosts Workforce Series on How to Attract Young Talent
Hopkinsville, Ky - The South Western Kentucky Economic Development Council will host a half-day seminar on Economic Develompent 101 and Attracting…
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Jan 25, 2017

Freudenberg Cuts the Ribbon on $2M New High-Tech Equipment
HOPKINSVILLE, Ky - Freudenberg Filtration Technologies opened a new $2 million high-tech, highly-automated line today in a ceremony attended by…
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Jan 25, 2017

US Tobacco Announces $40M Investment at Hopkinsville Facilities
HOPKINSVILLE, Ky - Brian Quigley, President & CEO of US Smokeless Tobacco Company, and Governor Matt Bevin today announced a combined…
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