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Small Business Loan Guaranty Program (SBLGP)

The loan guaranty program increases small business borrowing power by providing a guaranty to banks and other lender’s on loans to Louisiana small businesses with start-up or expansion needs; provides up to 80% or $1.5 million max guaranty.

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View to learn more about Louisiana Economic Development’s SSBCI Small Business Loan Guaranty Program.

The Small Business Loan Guaranty Program (SBLGP) facilitates capital accessibility by providing guarantees to banks and other financial institutions on their loans to Louisiana-based small businesses to help with their business development or expansion needs. A loan guaranty is not a direct loan or grant; rather, it helps facilitate the access to capital for small business owners that are having trouble qualifying for a traditional business loan. If a bank is unwilling to lend money due to high risk or strict credit policies, a state guarantee may significantly reduce the bank’s risk without compromising its usual lending requirements.

Maximum Guaranty: 80% or $1.5 million max guaranty
Minimum Equity Requirement: 15%