Funds have been made available through the Economic Development Administration to assist COVID-impacted businesses in the Lake Cumberland area with working capital needs. Loans will range from a minimum of $10,000 to a maximum of $100,000. Loans will have a 5 year term with a 2% fixed interest rate. Loan requests will be considered based on need, funding availability and credit worthiness.
Impacted businesses are invited to apply for loan funding under the program by contacting:
Director of Community/Economic Development
Lake Cumberland Area Development District
Post Office Box 1570
Russell Springs, Kentucky 42642