Category: Special Incentives For Small Businesses
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