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.
Ascension Parish starts New River Bayou dredging project
Jury selection begins for former sheriff's office employee tied to sex abuse...
Fans share their excitement about new LSU head coach Brian Kelly
New LSU coach Brian Kelly arrives in Baton Rouge
Coach Brian Kelly arrives at his new office: LSU football HQ