Small Business Loan Guaranty Program
The Small Business Loan Guaranty Program (SBLGP) facilitates capital accessibility for small businesses by providing loan guarantees to banks and other small business lenders. The program's purpose is to provide financial assistance that will help with the development, expansion and retention of Louisiana's small businesses.
- Maximum Guaranty: 80% or $1.5 million max guaranty
- Minimum Equity Requirement: 15%
- Quick Turnaround: for guaranty amounts <$500,000
- Guarantee Fee: 0% to 4% of guaranteed amount (determined by risk)
*Please note: SSBCI has been authorized for seven years and is in its early stages. The list of participating providers for each program, and the process for applying, will evolve in the coming months as the program matures. The SBLGP lender list and application process will be updated as changes occur. To receive email updates about the latest SSBCI news and information, click here and check the SSBCI box. If you have a question for the Louisiana SSBCI team, email LEDSSBCI2@la.gov or call or call 833.457.0531.