SMALL BUSINESS ASSISTANCE LOAN PROGRAMS

Small Business Loan Program - provides loan guarantees and participations to banks in order to facilitate capital accessibility for businesses. Guarantees may range up to 75% of the loan amount, not to exceed a maximum of $1.5 million. Loan participations of up to 40% are also available. Applicants must have a business plan and a bank that is willing to fund the loan. Click here to learn more about the Small Business Loan Program.

Business Linked Deposit Program- provides for a 1% to 4% interest rate reduction on a maximum of $200,000 for 2 to 5 years on term loans that are funded by banks to Louisiana businesses. Job creation, statistical area employment, and cash flow requirements for underwriting are all criteria which will effect the percentage and term of the linked deposit. Click here to learn more about the Business Linked Deposit Program

Micro Loan Program- provides loan guarantees and participations to banks that fund loans ranging from $5,000 to $50,000 to Louisiana small businesses. Click here to learn more about the Micro Loan Program.

Contract Loan Program - intended to provide a loan participation and guarantee to a bank for government contract loans. These loans are intended to help businesses finance working capital for contracts with local, state, or federal government agencies. Loans may range from $5000 to $1,000,000 and must be for terms of one year or less. Click here to learn more about the Contract Loan Program.

Exim Bank City/State Program - LEDC has a relationship with the U.S. Export-Import Bank in Washington, D.C. Under this program, LEDC facilitates export working capital loans for small Louisiana businesses.