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Louisiana SSBCI Micro Lending Program
Louisiana's SSBCI Micro Lending Program supports small business loans up to $150,000 through participating lenders.
About this program
The Louisiana SSBCI Micro Lending Program helps small businesses access smaller-dollar financing by allowing the Louisiana Economic Development Corporation to purchase a participation in eligible loans originated by approved participating lenders. The program can support startup and expansion projects, including working capital, equipment, inventory, and other eligible business needs.
Eligibility
Eligible Louisiana small businesses may apply through participating lenders for startup, expansion, working capital, equipment, or inventory financing.
Requirements
- Business must be located in Louisiana.
- Applicant must be an eligible small business under SSBCI and Louisiana program rules.
- Loan must be originated by an approved participating lender.