LNEDC                      

Eligibility Requirements

• Businesses Eligible for Loan Assistance:
  • Light Manufacturing
  • Service Oriented
  • Wholesale
  • Retail
  • Construction
• Businesses Ineligible for Assistance:
  • Bars
  • Lounges
  • Apartments
  • Seasonal Enterprises
  • Financial Institutions
• Size Standard:
  • Net worth of business may not exceed $3million
  • Net profit after taxes must average less than  $1 million during the prior two years
  • Must not employ more than 100 people
• Legal Structure:
  • May be a corporation
  • Partnership
  • Proprietorship
  • Joint Venture
  • Cooperative
  • Franchise
• Location:
  • Business must be located within the Parish of Lafayette
• Application Fee
  • There is a non-refundable application fee of $25.00 that must be submitted with the loan application

We help small business create jobs.

Download the LNEDC Loan Application Here

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