Minority, veteran, female and disadvantages business owners (or entrepreneurs) in Kentucky can get financial assistance. Free grants, business coaching services, technical help and low cost or interest free loans (among other programs) are available. The resources help Black, disabled, Latino, women, veteran and other disadvantaged business owners start or grow a company. Find places to apply at near you below as well as programs offered in Kentucky.
There are grants from the state of Kentucky, corporations, charities, and the federal government among other places. Banks, non-profits, and other lenders may provide loans. Regardless of the source, the goal is to encourage minorities and women to start or a grow a business. The financial support also often comes assistance around free mentoring, legal help, coaching, website development and more.
While most the loans and grants are offered in the major cities on Lexington, Louisville and the surrounding area, small to mid-sized business across the state can apply. Priority is given to Latino, Black, Veteran, women, and other disadvantaged businesses, but any resident can apply for financial help.
List of female or minority businesses loans and free grants in Kentucky
The list of free grants, financial assistance programs, loans, and small business services below is updated daily. All startup companies, small businesses and entrepreneurs in Kentucky can apply, regardless of gender or ethnicity. However each program and agency is allocated funds to women, the disabled, minorities including Black owned companies and the disadvantaged.
September 2020
GRAAD, or the Green River Area Development District, is offering zero interest rate loans of $5,000 to $25,0000 per qualified business. The funds are for the counties of Hancock, Henderson, McLean, Daviess, Ohio, Union and Webster counties in Kentucky. The loans also will have lower or zero fees, payment plans, and flexibility. A focus of GRAAD is on minority and female run small business. Apply here. https://www.gradd.com/
By Jon McNamara
