At a glance
From its website, read 2 Nov 2026SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC is a loan fund based in Somerset, Kentucky. Its website describes commercial real estate loans, equipment loans and small-business loans. Where it lends: 45 counties in Southern and Eastern Kentucky. You can start an application online.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Main | (606) 677-6100 source |
|---|---|
| Apply online | Page with the application link |
| Website | skedcorp.com |
| Office (official list) | 2292 SOUTH HIGHWAY 27, Somerset, KY 42501 |
What their website says about applying
Once you begin the online loan application you will not be able to save your progress. We highly recommend downloading the application and compiling your information before you begin.
sourceAll we need is a little information. One of our loan officers will follow-up to personally guide you through the loan process.
sourceApplicants are asked to provide proof of the floods’ impact on their businesses through photos or other information.
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Small-dollar / emergency loans | Rate stated, not as an APR: see their wording | Interest Rate: 0% – no payments for first 12 months, no interest accrual | source |
| Small-dollar / emergency loans | Rate stated, not as an APR: see their wording | The three-year loan will follow with two years of payments at 4% interest. | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Collateral flexible or not always required
No Collateral is required
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 19 Oct 2026 |
| RSSD ID | — (none listed) |
| Address | 2292 SOUTH HIGHWAY 27, Somerset, KY 42501 Directions (Google Maps) |
| Website | skedcorp.com |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. Terms for the standard business, equipment and real estate loans were not stated on the pages fetched; the emergency loan program is the only one with stated amounts. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Commercial real estate loans | — | Whether you’re expanding, refinancing, purchasing equipment or real estate, start the process today to learn what business loan solutions SKED can provide. | source |
| Equipment loans | — | Whether you’re expanding, refinancing, purchasing equipment or real estate, start the process today to learn what business loan solutions SKED can provide. | source |
| Small-business loans | — | SKED offers a variety of lending opportunities. We work with both small and large businesses and lending institutions to finance projects. | source |
Loan sizes
No amounts stated on the pages we read.
Service area
45 counties in Southern and Eastern Kentucky
SKED, a Community Development Financial Institution serving 45 counties in Southern and Eastern Kentucky, has established the Emergency Business Disaster Loan Program
source
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
Yes — the site links to an application. Once you begin the online loan application you will not be able to save your progress.
source
Pages read (7)
- https://skedcorp.com/
- https://skedcorp.com/kentucky-small-business-tax-credit-program/
- https://skedcorp.com/emergency-disaster-loan-program-available-to-help-flood-impacted-businesses/
- https://skedcorp.com/five-star-transportation-services-expands-its-trucking-business-with-sked-loans/
- https://skedcorp.com/jackson-county-woman-opens-title-service-business-with-help-from-non-profit-lender/
- https://skedcorp.com/lending/
- https://skedcorp.com/sked-creates-emergency-business-loan-fund/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your commercial real estate loans and equipment loans?
Their website does not state a rate for this. - How long can I take to repay?
No repayment terms are stated on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$6.4 million in 7 awards from the U.S. Treasury's CDFI Fund, 1998–2022 (4 programs).
| Round year | Program | Amount |
|---|---|---|
| 2022 | CDFI Equitable Recovery Program | $1,928,536 |
| 2021 | CDFI Program, Financial Assistance | $766,530 |
| 2021 | CDFI Rapid Response Program | $1,826,265 |
| 2011 | CDFI Program, Technical Assistance | $97,995 |
| 2010 | CDFI Program, Financial Assistance | $750,000 |
| 2001 | CDFI Program, Financial Assistance | $500,000 |
| 1998 | CDFI Program, Financial Assistance | $500,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Jun 2024| Total assets | $30.3M |
|---|---|
| Total liabilities | $5.5M |
| Net assets | $24.9M |
| Total revenue | $2.6M |
| Notes and loans receivable, net (Part X line 7) | $13.7M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending June 2024 (tax year 2023; EIN 61-1097619, filed as “SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Jun 2021 (990) | $25.8M | $22.8M | $3.6M | $12.8M |
| Jun 2022 (990) | $28.1M | $24.2M | $3.7M | $12.2M |
| Jun 2023 (990) | $28.6M | $24.6M | $2.4M | $13.6M |
| Jun 2024 (990) | $30.3M | $24.9M | $2.6M | $13.7M |
Total assets grew 18% from Jun 2021 to Jun 2024; notes and loans receivable rose 7%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Total assets, latest IRS Form 990 | $30.3M | Larger than 56% of the 9 other certified loan funds and venture funds in Kentucky with a matched Form 990 (median $27.5M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Form 990 total assets | certified loan and venture funds with a Form 990, in Kentucky | 9 | larger than 56% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section).
Other certified CDFIs in Somerset and Kentucky
- Catalytic Development Funding Corp. of Northern KentuckyLoan fund · Covington, KYCommercial real estate loans, Affordable housing development loansVerified
- Community Ventures Corporation, Inc.Loan fund · Lexington, KYSBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Frontier Housing, Inc.Loan fund · Morehead, KYHome repair / improvement loans, Home mortgagesVerified
- Kentucky Highlands Investment CorporationLoan fund · London, KYAgriculture / farm loans, Equipment loans, Microloans, Small-business loansVerified
- Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc., TheLoan fund · Louisville, KYSmall-dollar / emergency loans, Energy / solar / efficiency loans, Home repair / improvement loans, Small-business loansVerified
- Mountain Association for Community Economic Development, Inc.Loan fund · Berea, KYSmall-dollar / emergency loans, Energy / solar / efficiency loans, SBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
Work at SOUTHEAST KENTUCKY ECONOMIC DEVELOPMENT CORPORATION INC? Link to this page
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