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SKED

SKED

Southeast Kentucky Economic Development

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Let’s do business better.

I need financing

Let us help you find a lending solution that fits your needs and budget.

apply for a loan

I want to relocate/expand

Let us connect you to the perfect community.

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I need training

Let us help you develop the skills you need to grow your business.

Find Training

We invest in a better way of
life in Southern and Eastern Kentucky through:

Lending

Don’t worry. If you struggle with business challenges or want to achieve new goals, SKED’s lending specialists will find financial solutions that work for you — so you can stop losing sleep and start chasing dreams.
> Explore lending programs

Recruitment
& Expansion

Connection is power. Let the leaders at SKED connect you to the right community resources so you can do business better in Southern and Eastern Kentucky.
> Explore the region and properties

Training

Success is always possible. All it takes is an open mind, motivation and the willingness to step out of your comfort zone. Our small business assistance team will walk you through the rest.
> Find training that fits your needs.

453

Lending Clients

9,622

Jobs Created/Retained

27,069

Hours of Technical Assistance Provided

The proof is in the success story.

Learn about the ways we’ve helped our Southern and Eastern Kentucky clients do business better across the region.

“All of my equipment went down at the same time. The SKED loan was the easiest one I’ve ever done in my life. They came to me for all of the paperwork and closing, and the turnaround was fast.”

Marcella Lovell, owner

Marcella’s Farm to Fork

“We loved working with the folks at SKED. They made the process smooth, answered all of our questions and went above and beyond in helping us make connections with other coffee shop owners.”

Maria Hopper, owner
Happy Hoppers Coffee & More

“I am truly honored to be named Kentucky’s Small Business Advocate of the Year. However, I can’t take all the credit. What we do at SKED is a team effort. Kyle Smith (SKED small business training specialist) and I have spent countless hours creating and improving Entrepreneurial SMARTS and Be Boss Online; without his assistance and contributions, we wouldn’t be where we are today.”

Amanda Kelly, small business training director

2020 SBA Kentucky Small Business Advocate

“Thanks to SKED, Hurley Electrical Contracting is thriving as a female-owned business. We have been able to expand and provide employment within our region. The dedication and professionalism demonstrated by SKED staff has given us the opportunity to see our dream become a reality.””

Carolyn Hurley, president
Hurley Electrical Contracting, LLC

“SKED provided us at B&H Cleaning, LLC a better way to serve Pulaski County and surrounding areas with all of their financial and technical support.

Brent and Helena Delp, co-owners
B&H Cleaning, LLC

“As a first-time female business owner, I found that SKED was willing to work with me and championed my concept of bringing the cultural and arts heritage of the Kentucky mountains to bigger markets. Because of their microloan funding, I was not forced to focus solely on financial viability but able to promote the double bottom line of supporting artists and emerging economies in the region, while also building my gallery.”

Sky Marietta, owner
Moonbow at Second & Main

News

SEED gathering

SEED Partners Stay Dedicated to Southeastern Kentucky During COVID-19

April 1 |  COVID-19, SEED stories

With no in-person training, SEED partners went online to help the region’s advanced manufacturers learn ways to contract with larger companies. SKED’s SEED training program was forced to go online in 2020. With no in-person training allowed d…Read More

Kentucky Small Business Tax Credit Program

March 11 |  COVID-19

The State of Kentucky offers businesses a non-refundable state income tax CREDIT ranging between $3,500-$25,000. This program can have a significant impact on a business’s bottom line. We have composed an infographic to help you determine eligibil…Read More

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SKED

2292 S Hwy 27
Somerset · Kentucky · 42501

(606) 677-6100
skedcorp.com

 

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    • Annual Report 2020
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Certified US Department of the TreasuryAeris Rated since 2017

Community Development Financial Institutions – or CDFIs – are certified by the U.S. Department of the Treasury’s CDFI Fund. All are mission-driven financial institutions that are dedicated to providing financial services to meet the needs of economically disadvantaged individuals within underserved communities. For more information about the CDFI Fund, visit www.CDFIFund.org.

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