Possible business needs financed through the fund are equipment purchases, inventory, financing, short-term working capital, and accounts receivable. Both installment loan and line of credit options are available.

Louisville Enterprise Group has provided over 500 entrepreneurs with technical assistance, and over 1,200 individuals have attended our classes, seminars and workshops.

The following requests will be made with the submission of a loan application:

A.      The business must have a reasonable chance of success.

B.      Personal equity is required.

C.      Collateral is required, as well as personal guarantee of the borrowers.

D.      The loan application must also include:

1.     Current business plan

2.     Three years business financial statements

3.     Three years business tax returns

4.     Three years personal tax returns

5.     Current Personal Financial Statement

E.      Other information unique to the business as may be required by the Small Business Loan Fund loan committee.

Once all of the information is compiled, please submit it for consideration.