State Bond Commission Emergency Financing Information
Assistance for Small Businesses
(Click Below for Information)
Loan Application is Now Open for Louisiana Businesses
The SBA issued the official disaster declaration for Louisiana small businesses, adding a link to their website to begin receiving applications to address revenue losses related to COVID-19. Low-interest loans with long-term repayment programs are available up to $2 million. For a summary from SBA, click HERE. SBA staff advise the process will take approximately 30-45 days to begin receiving funds and are encouraging applications immediately. Apply HERE.
Small businesses are also advised to call your lenders. Your current bank may already be able to offer immediate bridge loan assistance or defer existing loan payments.
Additionally, linked here is a disaster information guide that my office put together in response to the coronavirus pandemic. It includes information on how our federal and state governments are responding to coronavirus, and assistance they may be able to provide you.