The Kentucky Tourism Development Loan Program has been put in place to assist smaller tourism facilities obtain financing. This program is targeted to facilities that will attract travelers into an area in which they would not have normally traveled or extend the stay of travelers in an area in which they have planned travel.

Projects approved for funding thus far include a rock climbing experience, an equine show facility, and a winery/restaurant being constructed with an existing historic bed & breakfast.

Funds made available through this program are for the financing of fixed assets only. The maximum loan amount is $250,000 with an equal amount being provided by another source. The matching funds can be made available by owner capital injection, conventional financing, or similar resources.

The benefit of this program is below market interest rates. The interest rate is based upon the term of the credit facility. The maximum term is fifteen years. Rates range from 1 percent to 6 percent.

Todd Cassidy, Economic Development Representative
Kentucky Tourism Development Cabinet
2200 Capital Plaza Tower, 500 Mero Street
Frankfort, Kentucky 40601
Phone: (502) 564-8067
Fax: (502) 564-7588
Email: Todd.Cassidy@mail.state.ky.us

Last Updated - 4/4/03