The KLC Financial Services Department provides low interest loans to Kentucky cities and municipal agencies.  For nearly 20 years, KLC has given cities and agencies financial options that help make dreams come true!  Dozens of Kentucky communities have used KLC's programs to fund construction of parks, fire stations, city halls, water parks, water and sewer systems and infrastructure.  Whether it is the low interest rate, the quick turnaround or the flexibility of the program, KLC's goal is to give members the best possible service at the lowest possible price.

When Should a City Borrow Money?
·Should a city ever borrow money?
·Does it make sense to go into debt?

Although it is generally preferable to avoid indebtedness, sometimes it is necessary and even desirable to borrow money to pay for construction projects or equipment that would otherwise be Unaffordable.  Some cities only start a project when they can pay for it in full.  But, is it fair that current city taxpayers can't benefit from a new city park or water system and are paying for something that future citizens will utilize and enjoy? 

KLC's Financial Services Department provides the responsible solution with long term, low interest loans.  By taking advantage of economies of scale through large tax-exempt bond pools, KLC provides access to low interest rate loans with low to no closing costs.  Since 1987 KLC has financed more than $500 million in capital improvement projects and equipment purchases.

Benefits of Using KLC's Finance Programs
·Nearly 20 years of experience in offering low cost finance programs to members
·Over $500 million loaned
·Multiple low-cost financing and high interest investments and programs
·Nearly half of all KLC member cities have used the program!

Examples of Projects Financed Through KLC Finance Programs
·Water & Sewer Systems
·City Halls
·Community, conference & convention centers
·Parks & recreation projects
·Golf courses
·Natural gas projects
·Fire trucks
·Police cruisers
·Computer equipment

KLC Variable Rate/Fixed Rate Pools Offer
·Terms up to 30 years
·Low or no closing costs
·Lease sizes of $50,000 and up
·Rapid "turnaround" time on loans

^{(Most loans have no prepayment penalties )}