Loan Products for Every Business
The METCO Loan Program portfolio consists of a variety of products that meet the needs of most businesses. METCO also offers a Business Accelerator Loan Program for new and existing small businesses.
Apply Today!
Interested in applying for a METCO Loan Program? Complete the METCO Pre-Screen Inquiry Form below. One of our METCO Loan Coordinators will be in touch to discuss your inquiry.
Already Have a METCO Loan?
If you already have a METCO Loan, you can easily make an online payment through Louisville Metro Government’s Online Loan Payment portal.
METCO Loan Programs
Meetings are open to the public. Meeting Password: METCO
The Metropolitan Business Development Corporation (METCO) administers Louisville Metro Government’s small business and commercial property loans for new and expanding businesses in Jefferson County. Loans can be used for start-up and expansion costs, including equipment purchases, buildout, and working capital, as well as for commercial property improvements. Loan applications are evaluated on: business plan, financial feasibility, owner experience, and credit-worthiness. Collateral is required for all METCO loans except the Business Accelerator Loan.
All METCO loan applications begin with a Pre-Screen, followed by a Pre-Application Meeting.
The METCO Board meets virtually at 9 a.m. on the fourth Thursday of the month. The final METCO meetings of 2024 will be October 24 and December 12 at 9 a.m.
State-Sponsored Programs
The Kentucky Collateral Support Program (KYCSP) (the “Program”) provides a pledged asset (cash collateral account) to an enrolled lender of up to twenty percent (20%) of their loan in order to enhance the collateral coverage of a small business borrower that is otherwise qualified but unable to meet the lender’s security requirements. The cash collateral account will then be pledged as collateral on behalf of the borrower on a transaction by transaction basis and located at the participating lending institution or at other designated insured depository financial institution in the name of the Kentucky Economic Development Finance Authority (the Authority)
Kentucky small businesses may qualify for a non-refundable tax credit of up to $25,000 on their state income tax return through the Kentucky Small Business Tax Credit (KSBTC) program. The program is available to most for-profit businesses with 50 or fewer full-time employees.
