Micro-Enterprise Program
Micro-Enterprise Development Program
Micro-Enterprise helps to sustain and develop small businesses in Jefferson County for low to moderate income households. The Micro- Enterprise team outreaches to businesses and individuals to provide business related resources, business development curriculum, and an opportunity to apply for forgivable-loans.
Micro-Enterprise is dedicated to creating an atmosphere where low to moderate income entrepreneurs of Louisville Metro can pursue their business goals through increased access to training, capital, and community based resources.
If you need assistance developing or expanding your micro-business, have a question, or need to make an appointment please contact us here, use our online form, or visit us on facebook. Technical assistance and one on one case management is available to help you reach your goals.
Do you meet the following criteria?:
• Are you at or below 80% of the yearly Area Median Income? (See Below)
• Is your business for-profit?
• Does your business employ 5 or less employees including the owner?
• Do you have a business plan?
• Could you use some further business education to sustain, expand or begin your business?
If you answered yes to any of these questions, Micro-Enterprise may be a great program to assist you in your small business journey.
Income eligibility is at or below 80% of yearly Area Median Income (AMI).
| Household size |
50.1-80% of AMI |
| 1 Person |
$35,750 or less |
| 2 Person |
$40,850 or less |
| 3 Person |
$45,950 or less |
| 4 Person |
$51,050 or less |
| 5 Person |
$55,050 or less |
| 6 Person |
$59,250 or less |
| 7 Person |
$63,350 or less |
| 8 Person |
$67,400 or less |
Check back periodically for updates on the program and the next round of forgivable loans.
Tips
For Applying for a Microenterprise Loan click here.
Training Opportunities
The Micro-enterprise Development Program has training dollars available to help low to moderate income based businesses owners with a variety of workshops and certifications. Trainings that will help increase the revenue for businesses and/or improve business operations will be considered such as industry certifications, Quickbooks training, Social Media and Marketing and Leadership Development. Click here for more training information and to download applications.
Spring 2011 Highlights
Micro-Enterprise is proud to announce we had 19 graduates of the first Spark business development training program. Of the 19 graduates, 9 businesses were selected to receive a forgivable loan.
SPARK Forgivable Loan Recipients:
Shear Genius
The Root Cellar
Relic
Paramount Safety
Lawn Medic
Gela Café
The Black Italian
Balance Therapeutic Massage
|
Shown Above: IGNITE recipient
signing loan documents. The
IGNITE program has selected six
applicants to be awarded a
forgivable loan. The competition
was fierce and included a business
plan review by a loan committee
comprised of experts in the field.
|
|
Shown Below: SPARK graduate and
class facilitators
 |
IGNITE Forgivable Loan Recipients:
Bluegrass Kitchen and Exhaust Cleaning
Cakes Unlimited
Go Green Lawn Care
Millennium Market
Limelight Louisville
Trust Tech
In total, 15 forgivable loans were awarded between both programs.
This project is federally funded by the Community Development Block Grant from the U.S. Department of Housing and Urban Development.