AN ACT relating to small business.

This bill amends Kentucky law to authorize the Kentucky Economic Development Finance Authority to create and fund a loan program for small businesses. It allows the authority to lend up to $100,000 to eligible businesses for purposes like expansion, construction, or working capital, with terms that can be more lenient than standard industry practices. To qualify, businesses must operate in manufacturing, agribusiness, services, or technology, avoid being primarily retail-focused, and commit to creating at least one new full-time job. The changes apply to new or existing small businesses operating within the Commonwealth of Kentucky.