Areas Served: Jefferson Parish
The Louisiana Revolving Capital Fund is designed to support small business and to promote economic development in Jefferson Parish, Louisiana.
Loan amounts range from a minimum of $25,000, with a maximum determined by project parameters and availability of funds.
Eligible uses include acquisition of land and building, purchase of equipment, working capital and inventory.
Objective: To promote economic development by providing financing to businesses.
Eligibility – For-profit business – Must be located in Jefferson Parish Loan Size Minimum – $25,000 – Maximum determined by project parameters and availability of funds Loan Purpose – Land/building acquisition – Purchase equipment – Professional fees related to the project – Working capital – Inventory Rate To be determined Term 5 to 20-year term.
Based on the useful life of the assets to be purchased with proceeds.
Review All applications are reviewed by JEDCO staff and approved by JEDCO’s Finance Committee.
Fees Application fee of 1/2 of 1 percent (.
005) of loan amount or a maximum of $1,000. Ineligible Use of Funds – Payment of taxes, governmental fines or penalties – Political, religious or exclusively gaming activities – Buy out of stockholder, equity holder, or family member – Any illegal activities
Contact InformationJefferson Parish Economic Development Commission
Address: 700 Churchill Parkway
City: Avondale
State: Louisiana
Website:
http://www.jedco.org
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