Small Business Loan and Guaranty Program « Back to Search Results
Small Business Loan and Guaranty Program

Category: Special Incentives For Small Businesses


Benefit

Loan assistance program: provides up to 75% loan guarantees to facilitate capital accessibility not to exceed $1.5 million. The program's purpose is to provide financial assistance, which will help with the development, expansion and retention of Louisiana's small business.

Eligibility (Not Comprehensive)

Must be a Louisiana small business (as defined by SBA)

Owners or principal stockholders shall be Louisiana residents

Must be domiciled in Louisiana

For loans of $100,000 or less, there must be one new permanent job or one retained job

For loans over $100,000, there must be two new permanent jobs created


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