Financing: Access Loan Program
Commerce Lexington and the area’s leading banks and financial institutions have teamed up in the Acce$$ Loan Program to improve your odds of getting approval for a loan that matches your business needs. There are no guarantees, but you will know what your chances are of securing the credit you desire. The Program will provide valuable feedback from experts in the lending community to assist you in putting together a business plan and gathering information that is important to your success. This innovative program has been responsible for $15 million in financing for the start or expansion of area small businesses since its inception in 2001.
MISSION:
The Acce$$ Loan Program’s mission is to provide easier access to the financing and helpful business advice that you need to start or grow your business. This program is committed to fostering economic growth and enhancing business opportunities for minorities, women, and small businesses.
QUALIFICATIONS:
• Your business must be in the Greater Lexington area.
• Your business must be for profit.
• Pursuing a loan for a business start-up, an expansion of your current business, the purchase of a franchise, or the purchase of an existing business.
• There is a $5,000 loan minimum.
• Use of funds must be for working capital, inventory, leasehold improvements, and equipment for commercial use only.
HOW TO APPLY:
> Loan packages available to be picked up and dropped off at the Commerce Lexington Inc. offices at 330 East Main Street, Suite 205.
> There is a $69.00 application processing fee. (Please make checks payable to Commerce Lexington)
> All information provided to the Acce$$ Committee & Commerce Lexington will be kept confidential.
> Business planning assistance is available FREE of charge through the Bluegrass Small Business Development Center. Call (859) 257-7666 or toll-free 1-888-475-SBDC to schedule an appointment.
PARTICIPATING ENTITIES:
American Founders Bank
Bank of the Bluegrass & Trust Co.
BB&T
Central Bank & Trust Company
Chase / J.P. Morgan
Community Trust Bank
Community Ventures Corporation
Fifth Third Bank
First State Financial
Kentucky Bank
LFUCG Mayor’s Office of Economic Development
Ohio Valley Financial Group
PBI Bank
PNC Bank
Republic Bank & Trust Co.
Small Business Development Center
South Central Bank
Town & Country Bank and Trust Co.
Traditional Bank of Kentucky, Inc.
US Small Business Administration
U.S. Bank
Your Community Bank
CONTACT:
Tyrone Tyra
Vice President, Community & Minority Business Development
Commerce Lexington Inc.
(859) 226-1625
MISSION:
The Acce$$ Loan Program’s mission is to provide easier access to the financing and helpful business advice that you need to start or grow your business. This program is committed to fostering economic growth and enhancing business opportunities for minorities, women, and small businesses.
QUALIFICATIONS:
• Your business must be in the Greater Lexington area.
• Your business must be for profit.
• Pursuing a loan for a business start-up, an expansion of your current business, the purchase of a franchise, or the purchase of an existing business.
• There is a $5,000 loan minimum.
• Use of funds must be for working capital, inventory, leasehold improvements, and equipment for commercial use only.
HOW TO APPLY:
> Loan packages available to be picked up and dropped off at the Commerce Lexington Inc. offices at 330 East Main Street, Suite 205.
> There is a $69.00 application processing fee. (Please make checks payable to Commerce Lexington)
> All information provided to the Acce$$ Committee & Commerce Lexington will be kept confidential.
> Business planning assistance is available FREE of charge through the Bluegrass Small Business Development Center. Call (859) 257-7666 or toll-free 1-888-475-SBDC to schedule an appointment.
PARTICIPATING ENTITIES:
American Founders Bank
Bank of the Bluegrass & Trust Co.
BB&T
Central Bank & Trust Company
Chase / J.P. Morgan
Community Trust Bank
Community Ventures Corporation
Fifth Third Bank
First State Financial
Kentucky Bank
LFUCG Mayor’s Office of Economic Development
Ohio Valley Financial Group
PBI Bank
PNC Bank
Republic Bank & Trust Co.
Small Business Development Center
South Central Bank
Town & Country Bank and Trust Co.
Traditional Bank of Kentucky, Inc.
US Small Business Administration
U.S. Bank
Your Community Bank
CONTACT:
Tyrone Tyra
Vice President, Community & Minority Business Development
Commerce Lexington Inc.
(859) 226-1625
