TOGETHER, WE CAN REBUILD MAYFIELD
FNB Bank (FNB) and First Kentucky Bank (FKB) are partnering together on a special loan program for businesses impacted by the December 10th tornado, called DREAM Together. The DREAM acronym stands for Downtown Revitalization & Economic Advancement for Mayfield. Together, both Mayfield based banks will partner to provide incentives and low interest loans for businesses that want to rebuild and invest again in downtown Mayfield. The collective goal of FKB and FNB is to stimulate economic development and put jobs back in one of the hardest hit areas in the community.
PROGRAM INFORMATION
PROGRAM BOUNDARIES
Zone B-3 (Light Pink) and B-1 (Yellow) bounded as follows:
DIRECTION BOUNDARY
North Overhead Bridge
South College Street
East Bypass
West St Joseph’s Church
DISASTER LOANS
BLOCK OF $10 MILLION
$5M each in total funding provided by First Kentucky Bank and FNB Bank
Approved Purposes:
- Fund Construction or Rebuild for Retail, Manufacturing or Professional office space for businesses providing jobs to the affected area. Max Term 21 years 6 months. Must be approved use per business zoning.
- Fund FFE & Inventory Purchases. Max Term 7 years 6 months.
Subject to underwriting and approval, see lender for full terms and conditions.
