Officials expect to give 30% of its small business loans to small businesses and foreigners.
LOUISVILLE, Ky. – Louisville officials have launched a small business loan program that hopes to bring the city back to life.
Of the Louisville Downtown Partnership (LDP) launched the loan program to help finance small businesses that want to open stores in the city of Louisville.
Of the Urban Small Business Loans It was created to “enhance vibrancy in downtown Louisville”, according to an LDP press release.
Rebecca Fleischaker, executive director of the LDP, said the non-profit organization wants to solve Louisville’s problems when it comes to opening small businesses and making sure they stay in business.
“The goal of this product is to help attract or grow new businesses on the streets, to create vitality on the streets, to increase the creation of jobs, and to reduce the space of the second floor. below, all of these things will improve safety in the town,” he said.
According to the LDP, 85 businesses have closed and 106 businesses have opened in downtown Louisville since 2020.
Through the fund, officials hope to provide 30% of its small business loans to small businesses and foreigners.
Only businesses in Louisville’s Central Business District are eligible for this loan, according to the announcement.
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