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SACRAMENTO, Calif. – Small nonfarm businesses in 46 Louisiana parishes and neighboring counties in Mississippi are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Director Jeffrey Lusk of SBA’s Disaster Field Operations Center-West. These loans offset economic losses because of reduced revenues caused by drought in the following primary parishes thatRead more

SACRAMENTO, Calif. – Small nonfarm businesses in 19 Louisiana parishes and neighboring counties in Texas are now eligible to apply for low‑interest federal disaster loans from the U.S. Small Business Administration, announced Director Jeffrey Lusk of SBA’s Disaster Field Operations Center-West. These loans offset economic losses because of reduced revenues caused by drought in the following primary parishes thatRead more

On May 7, Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West reminded Louisiana private nonprofit organizations of the June 7, 2021, deadline to apply for an SBA federal disaster loan for economic injury caused by Hurricane Laura that occurred August 22-27, 2020. Private nonprofits that provide essential services ofRead more

Help is available for restaurants, bars, and other similar businesses impacted by COVID-19. The recently passed American Rescue Plan created a new $28.6 billion Restaurant Revitalization Fund (RRF), which provides grants to eligible entities like restaurants and bars to cover certain pandemic-related expenses. Date / Time: Monday, May 17 3:30 – 5 p.m. CDT JoinRead more

The Acadia Parish Chamber partnered with One Acadiana, local, regional, and state organizations to host multiple webinars to discuss the tools available to small businesses during the coronavirus crisis. Webinar #1 To support Acadiana’s business community – particularly our small businesses – in response to COVID-19, Acadiana resource partners will be hosting a series ofRead 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

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