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Business

  • Focus on Finance: Grants and loans: 5 financial resources for small businesses

    Question: In trying to pursue the American dream and open my own small business, I have run into roadblock after roadblock when it comes to getting a small business loan. Please share any resources you may have to help myself as well as others looking to get started.

  • Implications of a cool, wet growing season

    The 2013 growing season certainly has been an unusual one. Following record drought in 2012, rain has been plentiful all spring and summer in Hardin County — sometimes too plentiful. While the wet conditions have boosted potential for crop yields, it has come with some unwanted circumstances.

    Recently, two University of Kentucky grain crops specialists touched on two of these implications by posting in the UK Grain Crops Blog.

  • Implications of a cool, wet growing season

    The 2013 growing season certainly has been an unusual one. Following record drought in 2012, rain has been plentiful all spring and summer in Hardin County — sometimes too plentiful. While the wet conditions have boosted potential for crop yields, it has come with some unwanted circumstances.

    Recently, two University of Kentucky grain crops specialists touched on two of these implications by posting in the UK Grain Crops Blog.

  • Implications of a cool, wet growing season

    The 2013 growing season certainly has been an unusual one. Following record drought in 2012, rain has been plentiful all spring and summer in Hardin County — sometimes too plentiful. While the wet conditions have boosted potential for crop yields, it has come with some unwanted circumstances.

    Recently, two University of Kentucky grain crops specialists touched on two of these implications by posting in the UK Grain Crops Blog.

  • Focus on Finance: Endowments explained

    Question: How does an endowment to Central Kentucky Community Foundation work?

    Answer: When you create a charitable fund through Central Kentucky Community Foundation, you have the opportunity to benefit your charitable interests forever with a permanent fund. An endowment is a permanent gift. Only the earnings are distributed as grants, giving you an opportunity to benefit the community forever.

  • CUB released from consent order

    Citizens Union Bank, which has been under the scrutiny of state and federal banking regulators because of problem loans since 2010, has been cleared to move forward.

    The Federal Deposit Insurance Corp. and the state Department of Financial Institutions in Frankfort terminated a consent order imposed upon CUB in January 2010.

  • Tennessee company acquires U.S. Cavalry

    A Tennessee company has assumed ownership of U.S. Cavalry Store Inc. in Radcliff after the company filed Chapter 11 Bankruptcy to reorganize debt earlier this year.

    ERMC Property Management Co., a privately owned facilities services company headquartered in Chattanooga, Tenn., took control July 23 of U.S. Cavalry, according to an emergency management agreement filed in U.S. Bankruptcy Court for the Western District of Kentucky. U.S. Calvalry is a retailer that equips military and law enforcement officials with boots, packs, uniforms and tactical gear.

  • Focus on finance: Roth IRA vs. Roth 401(K)

    Question: It is my understanding I may be able to invest in a Roth 401(K). Is that true?

    Answer: For many years people have been able to invest in their own personal Roth IRA accounts, but not inside their company’s 401(k) plan.  Recent legislation has made that possible.

  • Despite loss, First Financial stresses improvement

    The parent company of First Federal Savings Bank reports improved credit quality in its second-quarter financial statement that shows a loss of $1.4 million or a decline of 29 cents per share.

    In its formal statement issued Friday, First Financial Service Corp. said its performance for the three months ending June 30 was improved from the net loss to common stockholders of $4.4 million for the same quarter in 2012.

    First Financial also reported a net loss of $1.5 million for the first six months of 2013, which is down from $5 million in 2012.

  • New fusion restaurant cooking up Latin vibes

    A restaurant specializing in Latin and Caribbean fusions will stake its second franchised restaurant in Elizabethtown.

    GRILLiT — which launched its first location in Miami in 2011 and focuses on custom cuisine such as crafted rice bowls, pasta, shrimp, wraps and salads — intends to open its Elizabethtown establishment by the end of September. The restaurant is under construction at the former Church’s Chicken on U.S. 62.