The newest Urban Company Invention Agency (METCO) administers Louisville Town Government’s business and commercial assets fund getting the newest and you will broadening people from inside the Jefferson County. Money are used for initiate-up-and expansion costs, also devices purchases, buildout, and dealing funding, as well as for commercial property improvements. Guarantee is needed for all METCO loans except the organization Accelerator Mortgage.
Get the full story: Obtain all of our METCO leaflets lower than. For inquiries, inquiries or to demand a beneficial pre-software conference, email address [email address safe] otherwise name (502) 574-4140.
The newest METCO panel matches on third Thursday of your own times within nine good.m. Meetings are presently becoming kept around. The remaining appointment to have 2022 could well be stored into September fifteen, Oct 20, and December 8.
Organization Accelerator Mortgage – Getting smaller businesses inside lower to average income areas in the place of supply in order to equity or commercial lending. For organizations unlock less than 12 months, funds try $fifteen,000 – $31,100000. People open over 1 year will get apply for as much as $fifty,100000. Fund is actually repayable over eight decades in the an interest rate out of 8%. Zero collateral needed.
Enterprise Pit Investment Finance – Will bring enterprise pit financial support all the way to twenty five% out-of opportunity funds, or around 50% having fraction-possessed otherwise lady-possessed organizations. Borrower have to both features a primary lender in position, otherwise were refused from the a commercial financial.
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