Most Active Stories
- Forest Service at LBL Cancels Controversial Pisgah Bay Project As Proposed
- Murray Police Respond to WATCH Center; 1 Man Dead from Believed Self-Inflicted Gun Shot
- Kentucky Legislators Grill Cabinet Officials for Not Disclosing Fraud-Comitting WIC Vendors
- Rand Paul Is Skipping Fancy Farm and Why That Matters
- UK Officials Propose $16 Million Dollar Expansion at Princeton Research Center
Wed January 8, 2014
State Receives 2nd Phase Of Small Business Funding
Kentucky is to receive additional funding to help small businesses that fall short of credit standards.
Governor Steve Beshear's office announced yesterday the state has an additional $5.1 million dollars in a second disbursement from the U.S. Treasury Department's State Small Business Credit Initiative.
The state was awarded a total of $15 point 4 million in July 2011 and is receiving the funding in three disbursements.
The credit initiative works with participating lenders, who can use three options to strengthen loan requests that fall just outside acceptable underwriting standards.