Back 2 Business

LHOME, Louisville’s Intentionally Inclusive Lender, is pleased to offer the Back to Business initiative (B2B) to support small businesses in targeted neighborhoods that were negatively impacted by the COVID-19 pandemic. This program offers free business coaching and affordable loans, with priority given to businesses owned by minorities, women, and those with disabilities. LHOME worked with the Louisville Urban League and A Path Forward to design the program.

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Businesses must be located or serve the following neighborhoods:

Algonquin  |  Portland  |  California  |  Russell  |  Chickasaw  |  Shawnee
Park DuValle  |  Shelby Park  |  Parkland  |  Park Hill  |  Smoketown

To Participate

To participate, small businesses must:

  • Have an established business that was operating prior to March 1, 2020

  • Document loss of income directly related to COVID-19 pandemic

  • Demonstrate how this coaching and funding will help reestablish business and/or grow

  • Have a bank account

  • Be at least 18 years of age and have a state-issued ID

We encourage any eligible business to apply. The B2B Initiative is eager to meet you where you are on your business journey and provide you the kind of support you need to succeed whether that’s financial or non-monetary support. If you need a loan through this initiative, LHOME can be more flexible regarding credit score and other financial background than mainstream banks. We want to work with you! When you reach out to us, you will receive an LHOME Business Coach to help identify your needs and recommend services and products.

Need a Loan?

If you are looking for a loan, the B2B initiative and LHOME may be able to help you!  After working with your Business Coach, if you are eligible for a loan, you’ll want to keep the following in mind:

B2B loan funds can be used for:

  • Working capital–Expenses that enable the company to expand revenue, achieve efficiencies, regain long-term profitability to weather COVID. Examples: wages, mortgage/rent, supplies, and utilities.

  • Inventory – goods sold

  • Equipment – if over $5,000 per item, must be vendor installed. Examples include computers,  kitchen equipment/appliances, and vehicles.

Apply for a Loan

To apply for a loan, you will need:

  • Financial statements (balance sheet, income statement/profit and loss statement, and statement of cash flows) for fiscal years 2019 and 2020; pro forma financial statements for 2021 and 2022. 

  • Verification of existing debt, to include rate, term, original principal balance. 

  • Compliance with Louisville Metro Revenue Commission. 

  • Last two years’ tax returns. 

  • Current utility bills or documentation of business location and ongoing operation. 

  • If equipment is to be acquired and installed by the vendor, one or more 3rd party lump sum quotes for equipment cost and installation cost. 

  • If inventory is to be acquired, one or more 3rd party vendor quotes providing unit quantities, unit cost, and/or lump sum cost for quantity.