Areas Served: AvoyellesBeauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concora, De Soto, East Baton Rouge, East Carroll, East FelicianEvangeline, Franklin, Grant, Iberia, Ibe, Jackson, Jefferson, Jefferson Davis, La Salle, Lafayette, Lafourche, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita, Plaquemines, Pointe Coupee, Rapides, Red River, Richland, Sabine, St Bernard, St Charles, St Helena, St James, St John the Baptist, St Landry, St Martin, St. Tammany, Tangipahoa, Tensas, Terrebonne, Union, Vermilion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, West Feliciana, Win
The SBA Micro Loan Program provides very small loans to start-up, newly established, or growing small businesses.
Under this program, SBA makes funds available to NewCorp to make loans to eligible borrowers.
Individuals and small businesses applying for micro loan financing may be required to fulfill training and/or planning requirements before a loan application is considered.
Micro loans are based on funding availability.
– Target Market: Small and Emerging businesses located in the State of Louisiana – Loan Amount: Up to $35,000 (Average $10,000 to $13,000) – Loan Purpose: For Operating Capital, Inventory/Equipment Purchase – Loan Rate: 7% to 10% Fixed – Loan Term: Maximum Term Six (6) years – Collateral: Unsecured or Secured by Business Assets
Contact InformationNewCorp Inc.
Address: 2924 St. Bernard Avenue
City: New Orleans
State: Louisiana
Website:
http://newcorpinc.com/
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