Deadline for Restore La. small business program Feb. 28
BATON ROUGE- Businesses affected by the 2016 floods can apply for for Restore Louisiana loans until the end of next month, a news release said.
The program offers small businesses interest-free loans between $10,000 and $150,000, and borrowers can have 40 percent of the loan forgiven if they meet all the program requirements.
Funds can be used for rent, utilities, "non-owner employee" wages and inventory. They cannot be used for construction, the news release said.
So far, the $43 million Office of Community Development program has funded $11 million in loans, the news release said.
The deadline to apply is Feb. 28.
People can get more information about the loan process at these community outreach events:
-Feb. 5 - East Baton Rouge Parish Library/ Greenwell Springs Road Regional Branch from 2 p.m. to 6 p.m.
-Feb. 6 - Livingston Parish Library/ Denham Springs-Walker Branch from 2 p.m. to 6 p.m.
-Feb. 7 - East Baton Rouge Parish Library/ Baker Branch from 2 p.m. to 6 p.m.
For more information, click here.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Fans' Choice Player of the Week 7: East Ascension Walter Samuel
As LSU looks forward to Ole Miss, fans look back on Orgeron...
Juban's plans an early 2022 reopening with new updates
Toy shortage impacting local shops heading into holiday season
Ponchatoula adds 20 more debris trucks; 161K cubic yards in storm debris...