Quantcast

Oct. 31 Deadline approaching for Restore La. Small Business Prog - KATC.com | Continuous News Coverage | Acadiana-Lafayette

Oct. 31 Deadline approaching for Restore La. Small Business Program

Posted: Updated:
MGN Online MGN Online

Gov. John Bel Edwards' Office of Community Development reminds small businesses that the deadline to apply for a loan through the Restore Louisiana Small Business Program is Oct. 31.

The program offers interest-free, partially forgivable loans to businesses impacted by the 2016 floods. Loan amounts range from $10,000 to $150,000.

Flood-impacted small businesses and nonprofits interested in a loan are encouraged to apply immediately through one of the participating lenders.

The Small Business Program is designed to help eligible businesses in the 51 parishes impacted by the March and August 2016 floods. If borrowers comply with all requirements, the loans are interest-free, and 20 percent of the loan is forgiven when 80 percent of the principal is repaid.

The loans can be used for working capital ? rent, mortgage, utilities, non-owner employee wages and inventory, and movable equipment. However, construction-related expenses are not eligible. A list of eligibility criteria is available here.

In addition, eligible borrowers are referred to a local office of the Small Business Administration’s Small Business Development Centers. The centers offer technical expertise with business recovery and continuity plans, financial projecting and planning, and disaster preparedness planning.

WEATHER
Power Doppler HD
  • Most Popular StoriesMost Popular StoriesMore>>

  • Two arrested in alleged "dine and dash" incident

    Two arrested in alleged "dine and dash" incident

    Wednesday, July 18 2018 4:07 PM EDT2018-07-18 20:07:55 GMT
    Courtesy Scott Police DepartmentCourtesy Scott Police Department
    Courtesy Scott Police DepartmentCourtesy Scott Police Department
    One day after the Scott Police Department asked for the public's assistance in identifying two people who allegedly left a local restaurant without paying their bill, two women have been arrested.  Scott Police received several phone calls and tips about the identities of the two women, Scott Police Chief Chad Leger said.  Today, Scott Police arrested Markesha Living, 19, and Devona Living, 33, both of Lafayette after they turned themselves in, Leger said.  Both wome...
    One day after the Scott Police Department asked for the public's assistance in identifying two people who allegedly left a local restaurant without paying their bill, two women have been arrested.  Scott Police received several phone calls and tips about the identities of the two women, Scott Police Chief Chad Leger said.  Today, Scott Police arrested Markesha Living, 19, and Devona Living, 33, both of Lafayette after they turned themselves in, Leger said.  Both wome...
  • UPDATE: Family paid bill for IHOP dine and dashers

    UPDATE: Family paid bill for IHOP dine and dashers

    Wednesday, July 18 2018 3:31 PM EDT2018-07-18 19:31:49 GMT
    Courtesy: MGN OnlineCourtesy: MGN Online

    The identity of a couple is sought by police for a dine-and-dash incident in Lafayette. 

    The identity of a couple is sought by police for a dine-and-dash incident in Lafayette. 

  • Man arrested in connection with Crowley weekend homicide

    Man arrested in connection with Crowley weekend homicide

    Wednesday, July 18 2018 5:56 PM EDT2018-07-18 21:56:11 GMT
    Ronald Pomier III (Photo: Crowley PD)Ronald Pomier III (Photo: Crowley PD)

    Crowley Police say they have arrested a suspect in connection with the homicide which happened over the weekend.  

    Crowley Police say they have arrested a suspect in connection with the homicide which happened over the weekend.  

Powered by Frankly

© KATC.com 2018, KATC.com
A CORDILLERA COMMUNICATIONS Station
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?