The Small Business Loan Guaranty Program (SBLGP) helps Louisiana-based small businesses access capital by providing loan guarantees to banks and financial institutions. This program assists businesses that struggle to qualify for traditional loans due to high-risk or strict credit policies.
Key Benefits:
- Maximum Guaranty: 80% or $1.5 million
- Minimum Equity Requirement: 15%
- Quick Turnaround: For guarantees under $500,000
- Guaranty Fee: 0% to 2% based on risk
For more information, visit Louisiana SSBCI.