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Louisiana Economic Development – Louisiana Loan Portfolio Guaranty Program

Agency / Department: Louisiana Economic Development

Resource: Louisiana Loan Portfolio Guaranty Program

Details: Gov. John Bel Edwards announced a new Louisiana Loan Portfolio Guaranty Program, which will offer loans of up to $100,000 to Louisiana small businesses of fewer than 100 employees that are impacted by the COVID-19 crisis. To help Main Street and rural businesses sustain operations, the loans will require no payments for 180 days and carry below-market interest rates of no more than 3.5 percent. Interested businesses may find loan details at OpportunityLouisiana.com/covid19, and a list of participating bankers will be posted at the site by Friday, April 3rd as banks complete their participation agreements.

Link: https://gov.louisiana.gov/index.cfm/newsroom/detail/2441

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