Funds available for COVID-impacted businesses

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:

Waylon Wright
Director of Community/Economic Development
Lake Cumberland Area Development District
Post Office Box 1570
Russell Springs, Kentucky 42642

About Zac Oakes 5167 Articles
Zac Oakes is the News and Sports Director for and Laker Country WJRS 104.9 FM.