METAIRIE – From the Jefferson Chamber:
A new Louisiana Loan Portfolio Guaranty Program was announced this week and will offer loans of up to $100,000 to small businesses of fewer than 100 employees impacted by the COVID-19 crisis.
The loans will require no payments for 180 days and carry below-market interest rates of no more than 3.5 percent.
- Sponsors -
The Louisiana loan program partners — Louisiana Economic Development, Louisiana Bankers Association and Louisiana Public Facilities Authority — envision helping small businesses meet critical needs for operating their firms during and beyond the disruption of the COVID-19 pandemic. A total loan pool of $50 million will be quickly disbursed to eligible small businesses across Louisiana.
