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The Coronavirus Aid, Relief, and Economic Security (CARES) Act directs the Department of the Treasury to make a one-time direct payment to individuals to help them recover from the economic impact of the COVID-19 pandemic.The payments, also referred to by some as stimulus payments, are automatic for most taxpayers. The federal government will send you aRead more

April 01, 2020 Today, 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 paymentsRead more

Over one-fifth of Americans are directly employed in retail and hospitality, including stores, bars and restaurants, tourism, and entertainment. That’s more than 32 million people working in an industry that’s currently being shaped by widespread closures and layoffs. Our small businesses need us now more than ever. Remember when they sponsored your child’s recreation team?Read more

**Updated March 30, 2020** Please note that as our nation and state take the necessary steps to address COVID-19 in Louisiana, the Acadia Parish Chamber of Commerce will do the same. All scheduled meetings are on hold, and our staff will be working remotely as much as possible as we all work together to prevent theRead more

Following the declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) launched the Economic Injury Disaster Loan Assistance (EIDL) program for small business owners in all US states, Washington D.C., and other US territories. EIDL loans are now available. On March 27th, 2020, President Trump signed into lawRead more

The Small Business Administration’s (SBA) disaster loans are the primary form of Federal assistance for the repair and rebuilding of non-farm, private sector disaster losses. The disaster loan program is the only form of SBA assistance not limited to small businesses. The Economic Injury Disaster Loan Program (EIDL) can provide up to $2 million ofRead more

SMALL BUSINESS PAYCHECK PROTECTION PROGRAM **Updated 4/27/20** Full Borrower Fact Sheet from U.S. Treasury Overview The Paycheck Protection Program (“PPP”) authorizes up to $349 billion plus an additional $321 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The PPPRead more

Please note that as our nation and state take the necessary steps to address COVID-19 in Louisiana, the Acadia Parish Chamber of Commerce will do the same. All scheduled meetings are on hold, and our staff will be working remotely as much as possible as we all work together to prevent the spread of the virus.Read more

Yesterday morning, LABI partnered with the U.S. Small Business Administration to host a conference call to discuss the tools available to small businesses during the Coronavirus crisis. To download the SBA’s PowerPoint presentation from the call, click HERE. Last week, the SBA began receiving applications from Louisiana businesses for loans to address revenue losses related toRead more

Yesterday,  Gov. John Bel Edwards took additional significant measures to reduce the spread of COVID-19 in Louisiana, further limiting the size of gatherings to fewer than 10 people, closing casinos, bars and movie theaters and limiting restaurants to delivery, take out and drive-through orders only. Operations may be able to resume on April 13, however,Read more