Next Step Lending

Kentucky Highlands'NextStep Lending

Next Step Lending is a pilot project to support small businesses in six counties: Clay, Lee, Leslie, Letcher, Owsley, and Perry.

  • Loans up to $10,000
  • Fixed Rate 1%
  • 5-year term
  • Interest only payments for first year.
  • No pre-payment penalty
  • Convenient ACH withdrawals
  • Flexible collateral
  • Personal guarantees are required

Eligiblity

  • For profit start-up
  • Nonprofit start-up
  • Under 12 months of business activity
  • Need gap financing
  • New to KHIC’s loan programs
APPLY NOW
CONTACT US