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
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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
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