Business Loans & Small Business Funding in Louisville, KY
We all know Louisville, KY for things like Kentucky bourbon and The Louisville Slugger, but the nearly 1.3 million metropolitan residents who call Louisville home know the city best for dishes like the Hot Brown, Derby Pie, and yes – bourbon, too. Louisville, KY sits on the Ohio River making it a convergence of both Midwestern and Southern cultures. Louisville is also known as the Gateway to the South, further cementing its status as an area with ties to both American cultures.
From a year-round economic standpoint, The Derby City is home to Yum! Food Brands, Brown-Forman, Humana, and Papa John’s. In addition to these major powerhouses, the citizens of Louisville, KY are predominantly employed by UPS, Ford, and GE Appliances, not to mention thousands of small businesses.
Being the largest city in the state comes with its benefits. The Kentucky Derby is perhaps the highlight of the year for the city of Louisville on the national stage. While the University of Louisville has found success in both football and basketball, Louisville dominates the sports world during the two-week long Kentucky Derby Festival. It’s part of a rich festival tradition which includes the annual Thunder Over Louisville, the largest fireworks display in North America.
Tourists from across the region come to enjoy these events during the spring and summer. This means it’s the perfect time to increase your inventory or your advertising and marketing spend in order to capitalize. If you’re operating in Louisville, KY and need access to working capital to seize the moment, investing in your business makes a ton of sense.
If your business is indeed looking to make a change, it can be extremely difficult to find the free liquid capital to finance your growth. If your budget is tied up in assets and payroll, funding alternatives to cash flow loans can create a path to achieving goals and not falling short.
Here’s more info from our experts to help your small business thrive.