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SKED

Southeast Kentucky Economic Development

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Lending

SKED, Others Awarded USDA Grants in Somerset

Lending

October 30, 2020

SOMERSET, Ky. — Three Somerset entities were awarded more than one million dollars in federal funding from the U.S. Department of Agriculture – Rural Development (USDA-RD) on Friday, October 16th. Congressman Hal Rogers joined USDA-RD State Director Hilda Legg at The Center for Rural Development to announce the competitive awards for Sunrise Children’s Services, the City Read More

SKED Awarded $1.1 Million EDA Grant to Make Loans to Small Business Owners Affected by COVID-19 Pandemic

Lending

September 3, 2020

The Office of U.S. Rep. Harold "Hal" Rogers (KY-05) issued the following press release September 3, 2020: SOMERSET, KY -- U.S. Rep. Harold "Hal" Rogers (KY-05) applauds the Economic Development Administration (EDA) for awarding a $1.1 million Read More

Small Business Owners a Priority During Shutdown

COVID-19 |  Lending

July 1, 2020

While the region’s small business owners began facing some of their biggest challenges during the COVID-19 pandemic shut down this spring, the SKED team was busy working to soften their economic blow. The work continues as we offer both loan and Read More

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LISC Small Business Relief Grants

COVID-19 |  Lending

April 27, 2020

LISC has created a number of relief grants to help small business owners facing potentially devastating economic pressure, as a result of the COVID-19 pandemic. Learn more about LISC Small Business Relief Grants Read More

Letter from the Executive Director

Paycheck Protection Program and Health Care Enhancement Act

COVID-19 |  Lending

April 26, 2020

Joint Statement by SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin on the Resumption of the Paycheck Protection Program WASHINGTON - Administrator of the U.S. Small Business Administration Jovita Carranza and U.S. Read More

Letter from the Executive Director

New Funding for Paycheck Protection Program Starts Soon

COVID-19 |  Lending

April 22, 2020

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Read guidance from the US Treasury. The U.S. Small Business Administration (SBA) will forgive loans if all Read More

Bear Diversified, Inc. Expands Its Capacity with SKED Loan

Lending |  Success Stories

April 2, 2020

When Bear Diversified, Inc. needed to make building improvements and upgrade equipment at its London, Ky. subsidiary, its leadership called on longtime lending partner SKED to get the job done. The company needed to renovate its paint line and Read More

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Success Story Spotlight

SKED Helps Pulaski Woman Sell Her Products Online

Kimberly Rogers doesn’t trust the future of her beloved small business to just anyone. The Pulaski County resident and Piccoli Horses™ owner has worked with SKED since its inception in 2016. From the begin...Read More

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SKED

2292 S Hwy 27
Somerset · Kentucky · 42501

(606) 677-6100
skedcorp.com

 

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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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