Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Louisville Development Bancorp, Inc.
2901 West BroadwayLouisville KY, 40211
CDFI Awards for Louisville Development Bancorp, Inc.
NMTC (2008) - $40,000,000
Louisville Development Bancorp, Inc. (LDB) will use its NMTC allocation to make subsidized loans to businesses and community development projects in Louisville. Projects receiving funding must demonstrate that they either could not be completed at all, or could not be completed to the same scope, without the availability of the lower-cost financing. LDB will offer borrowers loan products with favorable rates and more flexible terms, including interest rates at least 50 percentbelow market, no origination fees, and interest-only payments during the initial seven years of the loan. 100 percent of the allocation will be deployed in areas of higher economic distress.
NMTC (2005) - $8,000,000
Louisville Development Bancorp (LDB), a certified CDFI, will makes loans to small businesses and real estate project that contribute to the revitalization of low-income communities in Louisville, KY. With its NMTC allocation, LDB will be able to offer its borrowers more favorable interest rates (200 to 400 basis points below market rate) and more flexible terms, such as interest only payments during the initial seven years of a loan. LDB will target businesses or projects that either could not be completed at all, or could not be completed to the same size or scope, without the NMTC investment.
NMTC (2003) - $62,500,000
With its NMTC allocation, LDB will be able to: offer borrowers more favorable interest rates, which will be two to four percent below market rate; more flexible terms, such as the elimination of origination fees; and much larger equity and debt offerings.
CORE (1996) - $2,336,500
Equity from the CDFI Fund is expected to play a central role in helping to raise the capital necessary to launch this important new effort.
Other Community Development Financial Institutions in Kentucky
CNC Development Corporation, Inc.
Paintsbille
Community Ventures Corporation, Inc.
Lexington
Louisville Development Bancorp, Inc.
Louisville
Featured Government Grant Resources
Business Loans From GovLoans
The government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Social Entrepreneurship
Spotlight
Childcare Charitable Group Named Top Social Enterprise
Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”
