Revolving Loan Fund Program (LTADD)

The LTADD Revolving Loan Fund program has been established, through a grant from the Economic Development Administration, in order to further job creation and investment in the Lincoln Trail region. The primary program objective is private sector job creation and expansion in industrial, commercial, service and tourism ventures.

Areas

Breckinridge County
Grayson County
Hardin County
LaRue County
Marion County
Meade County
Nelson County
Washington County

Uses

Land
Buildings
Equipment
Working Capital

Limitations
No speculative activities, debt re-consolidation, or re-lending. Loan limit of $10,000 per job.

Maximum Loan
Not to exceed twenty-five (25) percent of project cost or $100,000.

Maximum Term
Fixed Assets - 15 years; Working Capital - 5 years.

Rate
Four (4) Percentage Points below the current U.S. Prime Interest Rate as quoted in the Wall Street Journal.