April 5, 2023 – Big Opportunity for Small Businesses: Up to $113 Million of Capital and Credit Support Now Available Through SSBCI
Louisiana launches five State Small Business Credit Initiative (SSBCI) programs, expanding access to equity investment and business loans
BATON ROUGE, La. – Louisiana has officially launched the State Small Business Credit Initiative, making up to $113 million of federal support available to small business owners via private equity funds and financial institutions around the state.
Louisiana Economic Development has created an online resource to help entrepreneurs and providers take full advantage of the program, which is funded and regulated by the U.S. Treasury and administered by states in collaboration with private lenders and investors. LouisianaSSBCI.com contains provider links and detailed information about eligibility requirements and application processes for each of the five equity investment and credit support programs: