Areas Served: Adair, Bath, Bell, Boyd, Breathitt, Carter, Casey, Clark, Clay, Clinton, Cumberland, Edmonson, Elliott, Estill, Fleming, Floyd, Garrard, Green, Greenup, Harlan, Hart, Jackson, Johnson, Knott, Knox, Laurel, Lawrence, Lee, Leslie, Letcher, Lewis, Lincoln, Madison, Magoffin, Martin, McCreary, Menifee, Metcalfe, Monroe, Montgomery, Morgan, Nicholas, Owsley, Perry, Pike Powell, Pulaski, Robertson, Rockcastle, Rowan, Russell, Wayne
For over 30 years, MACED has been working with people in Kentucky to create economic opportunity, strengthen democracy and support the sustainable use of natural resources.
We have contributed to the growth, financial stability and long term success of many Appalachian Kentucky businesses.
The Mountain Association for Community Economic Development microloan program provides access to capital for borrowers needing less than $35,000. As a non-bank lender, we are able to negotiate interest rates, payment schedules, collateral and creative financing arrangements.
Eligibility for these loans are strengthened for growth-focused businesses or those providing critical services to their community.
Interest rates are based upon on the current prime rate and are priced based on risk assessment.
Terms range from one to five years, depending on use of proceeds.
Loans are collateralized and usually require personal guarantees and/or key person insurance.
Contact InformationMountain Association for Community Economic Development
Address: 433 Chestnut Street
City: Berea
State: Kentucky
Website:
http://www.maced.org/BD-micro-lending.htm
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