The Buffalo Trace Area Development District (BTADD) is a non-profit governmental corporation formed pursuant to KRS Chapter 147A which has as its primary purpose the promotion of economic development and the establishment of a framework for joint federal, state and local efforts directed toward providing basic services and facilities essential to the social, economic and physical development of a five-county area in northern Kentucky.

Over the past 30 years various loan programs have been established by BTADD to assist a wide range of residents and businesses in the five-county area. Our lending purpose is to stimulate economic growth and development, implement job creation, provide low to moderate income families with the opportunity of home ownership and assist those individuals with home rehabilitation.

To date we service a sound portfolio of residential loans as well as a revolving loan fund used primarily for small businesses. Our motivation is ongoing as we continue to look for avenues to increase our lending abilities.

Small Business Lending

Eligibilitylendingmoney

  • Private, Public and Non-Profit Entities
  • Real Estate Purchases, Construction Projects, Machine/Equipment Purchases, and Working Capital

Terms

  • Competitive Interest Rates
  • Up to 3 Year Term for Working Capital
  • Up to 7 Year Term for Equipment
  • Up to 10 Year Term for Real Estate

General

  • Entrepreneurs
  • *Start-Up Business
  • *Purchase Existing Business
  • Business Expansion
  • Infrastructure
  • Agriculture Diversification

**All business loans subject to BTADD/RLF Committee approval

Residential Lending

Eligibility

  • Low and Moderate Income Individuals and Families

Terms

  • Low Interest Rates
  • Fixed Interest Rates
  • Long Term Amortization

General

  • Home Rehabilitation
  • Down Payment Assistance
  • Closing Costs Assistance

**BTADD is a secondary lender on residential loans. We encourage participation loans with local financial institutions, USDA-Rural Development, and The Kentucky Housing Corporation.


BUFFALO TRACE AREA DEVELOPMENT DISTRICT
201 GOVERNMENT STREET, SUITE 300
MAYSVILLE KY 41056
606-564-6894 MASON COUNTY
800-998-4347 OUTSIDE MASON COUNTY

“EQUAL OPPORTUNITY LENDER”

Amanda Reynolds – Loan Officer