CNC Development Corporation, Inc.

Paintsbille KY


The entirety of organizationa€™s activities will be concentrated within the state of Kentucky, primarily in the counties of Floyd, Johnson, and Magoffin. An estimated 50% of its activities will be targeted to urban areas and 50% of its activities will be targeted to rural areas.

CDFI Awards for CNC Development Corporation, Inc.


NMTC (2002) - $2,000,000

The Allocatee will utilize its NMTC allocation to offer commercial and real estate loans and financial counseling to qualified businesses located within low-income communities operating in its identified service area. The Allocatee believes the NMTC Program will allow it to offer more favorable terms and conditions for its loan products to meet the specific needs of the borrowers of its service area.



Other Community Development Financial Institutions in Kentucky





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Small Business Administration Background

The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.







Secondary Market Lending Authority Program

The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.




Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.









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