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August 2014

Economic Gardening coming to Region

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We are pleased to announce that thanks to a grant from USDA we will be offering Economic gardening in the Promise Zone counties!

Those counties included in our service region include:  Clinton, Jackson, McCreary, Rockcastle, Russell, Wayne and Whitley Counties.

Partnering Clients with EKU classes and students

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One of the great benefits of being located on EKU's campus and working in partnership with them is the vast resources the university environment can offer.

We have two key services that we will be offering this fall to clients of our SBDC Center. 

New SBA Loan Guidelines

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Effective July 1, 2014 SBA lenders no longer have to perform an analysis of cash flow or debt-service coverage on loans of $350,000 or less, eliminating two requirements.

 Using the new SBA scoring tool, banks are now incentive to underwrite more small-dollar loans and reduce the time needed to originate a small-dollar loan by as much as 50 percent.

"Richmond 5" Competition Announced

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Have a great business idea but don't know what to do next?

The Center for Economic Development, Entrepreneurship and Technology (CEDET) at Eastern Kentucky University is looking to help five ambitious entrepreneurs turn their dreams into reality.

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