Areas Served: Breckinridge, Grayson, Hardin, LaRue, Marion, Meade, Nelson, and Washington Counties
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.
Area: Breckinridge, Grayson, Hardin, LaRue, Marion, Meade, Nelson, and Washington Counties of Kentucky.
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.
Contact InformationLincoln Trail Area Development District
Address: 613 College Street Road
City: Elizabethtown
State: Kentucky
Website:
http://www.ltadd.org/rlf.shtml
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