Areas Served: Eastern Kentucky
HEAD provides debt financing, business planning and deal structuring assistance to small and mid-sized companies in the target market.
HEAD uses two financial instruments: 1. Lending through is own loan fund, 2. Lending using the resources and services of Appalachian Federal Credit Union (AFCU).
Lending limits are based on the characteristics of each individual project.
HEAD Corporation considers loans for both the short-term and long-term capital needs of businesses.
The loan fund has a formal agreement to work with the AFCU to take advantage of the credit union’s designation as a Small Business Administration (SBA) lender.
In developing leveraged financial packages, HEAD concentrates on projects in the range of $200,000 to $2.5 million.
Projects of this scale typically have a broad range of financing needs and provide an opportunity for the fund to carve out a niche that satisfies its lending guidelines.
Most commonly, HEAD finances: 1. Long-term working capital needs for inventory, receivables and other operating needs; 2. Equipment to expand production capacity or increase operating efficiency; 3. Land and building costs when conventional bank financing alone is not sufficient to cover the expense; 4. Short term financing needs that cannot be met by other lenders.
HEAD focuses on the small and mid-sized lending sector with the ultimate goal of creating employment for low-income people.
Contact InformationHuman/Economic Appalachian Development Corporation
Address: 104 Pasco Street
City: Berea
State: Kentucky
Website:
http://www.headcorp.org/
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