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Read. Follow. Verify.Kentucky authorizes loans up to $100,000 for manufacturing, agribusiness, and tech small businesses
Last action · March 9, 2026: to Small Business & Information Technology (H)Sponsor: Deanna Gordon
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What This Bill Proposed
Kentucky empowers the Kentucky Economic Development Finance Authority to operate a small business loan program providing up to $100,000 to eligible enterprises. Eligible small businesses must commit to creating and maintaining at least one new full-time job and operate in manufacturing, agribusiness, service, or technology, while excluding primarily retail businesses.
Qualifying small businesses gain access to state-backed loans of up to $100,000 with potentially more lenient terms than conventional commercial financing, provided they expand their workforce by at least one full-time position.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
small businesses
Eligible small businesses in manufacturing, agribusiness, service, or technology sectors gain access to state loans up to $100,000 with potentially lenient terms.
Kentucky Economic Development Finance Authority
The authority is empowered to develop, fund, and set terms for the small business loan program.
Key Facts
- The Kentucky Economic Development Finance Authority is authorized to develop and fund a small business loan program.
- Loans may be issued up to one hundred thousand dollars ($100,000) per eligible small business.
- Loan funds can be used for acquisition, construction, expansion, working capital, or other reasonable business expenses.
- The authority may provide loan terms that are more lenient, high-risk, less secure, or less stringent than conventional industry standards.
Show all 7 facts
- Eligible businesses must be engaged in manufacturing, agribusiness, service, or technology.
- Businesses primarily engaged in retail are ineligible for the loan program.
- Applicants must commit to creating and maintaining at least one new full-time job above their existing count on the application date.
Frequently Asked Questions
What is the maximum loan amount a small business can receive under this program?
Which industries are eligible to apply for the loan program?
Are there any staffing requirements to qualify for the loan?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
2 actions- Mar 9, 2026HouseCommitteeto Small Business & Information Technology (H)
- Mar 2, 2026HouseIntroducedintroduced in House to Committee on Committees (H)
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Connected Entities
Sources
apps.legislature.ky.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 60)
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz25Current news / social attention level
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