KEDFA - Direct Loan 和 Small 业务 Loan Program

The purpose of the KEDFA Small 业务 Loan Program is to help small businesses acquire funding needed to start or grow their small business. KEDFA可能会提供更为宽松的条款, 更不安全, or otherwise less stringent than industry st和ards. The program guidelines as set forth below outline the criteria, 条款, 还有参加这个项目的费用.

项目指南

• 根据KRS 154.12-325, a small business is defined as having 50 or fewer employees worldwide at the time of the application.
• An eligible small business must be engaged in manufacturing, 农业综合企业, or service 和 technology.
• 业务es primarily engaged in retail operations, personal services or professional services are not eligible. 除了, a service business involved in a direct service to the public pursuant to a license issued by the state, or by an association that issues licenses in lieu of the state is not eligible under this program.
• Loan funds may be used for acquiring l和 和 建筑, purchase 和 installation of machinery 和设备, 营运资金, or for any other expense deemed reasonable by KEDFA. Loan funds cannot be used to refinance or restructure existing bank debt.
• At least one new full time job must be created by the business within one year of the loan closing date.
• KEDFA可以资助高达100%的项目成本, or the loan can be used in conjunction with other lenders.
• All loans will be secured with the highest lien position available. 除了, KEDFA may require personal guaranties or may require other security as circumstances indicate.

贷款金额、期限及利率

• The minimum loan amount under this program is $15,000 和 the maximum loan amount is $100,000.
• Loan 条款 will range from 3-10 years, depending upon the useful life of the asset financed. A KEDFA loan may be prepaid at any time without penalty.
• Interest rates will be fixed for the term of the loan, 和 will be tied to the Wall Street Journal Prime Rate at the time of the closing, 再加上基于贷款风险的差价, 由KEDFA确定.

这个过程

• Cabinet staff is contacted to discuss project eligibility, proposed financing structure 和 collateral requirements.
• 如果项目符合条件, an application must be submitted to Cabinet staff for review, 谈判条款和建议.
• KEDFA reviews staff recommended loans 和 makes final decisions at its monthly meeting.

费用

There is a $250 non-refundable application fee payable upon submission of the application. 此外，承诺费为1美元.25%的贷款在经国家发展金融局批准后到期. The commitment fee may be deducted from the loan proceeds.