All business owners must complete an application for FEMA Assistance. You can access the application:
Online at disasterassistance.gov
By calling 800-621-3362
By using the FEMA mobile app
FEMA may refer you to the Small Business Administration (SBA) to complete an SBA Disaster Loan application.
If referred to the SBA, a loan application must be completed and returned in order to be considered for a
loan, as well as for certain types of FEMA assistance. If the SBA finds that you cannot afford a loan, they will
automatically refer you to FEMA’s Individuals and Households program. Your file will be reviewed to determine if
you qualify for additional grant assistance.
Aside from assistance from government agencies, there are resources available to support small businesses
as you rebuild and reopen. If you are awarded any loans from organizations outlined below, this WILL NOT go
against any assistance provided by FEMA.
Emergency Flood Loan
The Mountain Association’s Emergency Loan Fund is for businesses and nonprofits located in counties that have
been officially declared disaster areas, or that can demonstrate impacts to the business or organization from
the floods via photos or other information.
Amount: $1,000 to $5,000
Interest Rate: 3%
Interest Only for first 12 months
Term: Up to 5 years
No application fee, no closing costs, no collateral, no personal guaranty
The program is open until September 30, 2022, or until funds run out. We hope to make decisions within two to
10 business days once we have all required information, but please note there may be a delay depending on
How to Apply:
A member of the Mountain Association team will contact follow-up to review the application and discuss next steps.
Robert Allen, Lending Director
email@example.com or (859) 671-0242.
Emergency Business Loan
The Southeastern Kentucky Economic Development Corporation (SKED) created an Emergency Business Loan
program to support businesses impacted by the recent floods in Eastern Kentucky.
$5,000 maximum loan
0% interest rate and no payments for 12 months (no interest accrual)
Three-year term with 4% on the final two years
Requires the personal guaranty of the principal owners
Proof of business being active at the time of flooding (July 26)
No collateral required
The loan program is open until November 1, 2022, or until funds are exhausted.
How to apply
Bob Burgess, Director of Lending
firstname.lastname@example.org or(606) 677-6100
Small Dollar Loan Program
Home Sweet Home Program
Opening Doors Down Payment Assistance Program
Community Ventures offers the Small Dollar Loan Program, Home Sweet Home Program, and Opening Doors
Down Payment Assistance Program.
Loan Specifics (contact one of the individuals below for more specifics or to apply)
• Business loans range from $500 to $5 million; some geographic restrictions apply.
Qualifying information and loan terms vary depending on the size and type of loan.
• The Small Dollar Loan Program is for personal needs and has flexible qualifying guidelines.
The maximum amount is $2,500 with a term of 2 years.
• Home Sweet Home Program is for home repairs/rehab.
The maximum loan amount is $50,000.
• Opening Doors provides $10,500 in down payment assistance to purchase a home.
Manufactured homes are not eligible unless permanently attached and classified as real estate.
Barb Harper at email@example.com
Lew Whalen at firstname.lastname@example.org
Brenda Weaver at email@example.com
You can also call (859) 231-0054 or 800-299-0267.
Kentucky Highlands Investment Corp.
SOAR Farm Loan
The SOAR Farm Loan is a low-interest financing resource designed to assist small producers grow healthy,
nutritional foods so that they can move into commercial production. Loan funds can be in almost any manner
to help further the grower’s venture. Examples include production equipment, Grow Appalachia hoop houses,
farmer market or roadside stands, seed and fertilizer, coolers and processing equipment and many other items
needed for production.
The SOAR Farm Loan program is open to any grower in Kentucky’s 54 Appalachian Regional Commission
$7,500 maximum amount.
Interest rate fixed at 1%
Interest-only is available for the first year of the loan
Loan term up to 4 years
Loans will be collateralized with assets financed
How to apply
Micro Enterprise Loan
The Micro Enterprise Loan Fund was created at Kentucky Highlands Investment Corporation (KHIC) to address
the needs of small business start-ups and expansion projects. Aside from the financing the client receives
from KHIC, the added bonus of the provision of technical assistance will be included for each client. Loans
and technical assistance are limited to only those operating in KHIC’s service area. This is a 22-county region
comprised of Bell, Clay, Clinton, Cumberland, Estill, Harlan, Jackson, Knox, Laurel, Lee, Leslie, Letcher, Lincoln,
Madison, McCreary, Owsley, Perry, Pulaski, Rockcastle, Russell, Wayne, and Whitley.
$50,000 maximum amount
Eligible business types: Industrial, Service, Commercial
Applicant’s personal credit rating will be factored into the loan decision
Applicant must be the business owner or a senior partner in the business
How to apply
Kentucky Small Business Development Center
The Kentucky Small Business Development Center (SBDC) offers a variety of services for business owners. They
have created some specific content to help business owners navigate challenging times.
For assistance, call (606) 716-6060.
Our Business Coaches Are Available To Help You Navigate Disaster Assistance Programs And Develop A Plan For
Find your nearest SBDC office here.
Appalachian Crisis Aid Fund for Families, Small Businesses, Nonprofits, and Social Enterprises
Individuals or families impacted by the flooding are eligible for up to $250.
The Appalachian Crisis Aid Fund is an established fund at the Foundation for Appalachian Kentucky to respond
directly to disasters that unravel the fabric of communities in Appalachian Kentucky. The Appalachian Impact
Fund and the Foundation for Appalachian Kentucky in partnership with CEDIK and Invest 606 are making
direct grants generally up to $10,000 to businesses, nonprofits, and social enterprises that have experienced
damage and/or shutdowns from flooding in the primary counties of Breathitt, Clay, Floyd, Knott, Perry, and Pike.
Organizations in adjacent counties of Bell, Harlan, Jackson, Johnson, Knox, Laurel, Lee, Magoffin, Martin, Owsley,
and Wolfe may also be considered depending on availability of funds.
Individuals or families impacted by the flooding are eligible for up to $250
Small businesses, nonprofits, and social enterprises impacted by the flooding are eligible for grants of
generally up to $10,000
This is a grant and does not have to be repaid
Applications will be reviewed and funds distributed on a weekly basis
How to apply
Applicants may also come to the
Foundation’s office at 420 Main St., Hazard, KY.