Kisatchie-Delta offers Business Loan programs…
& FREE Technical Assistance
Kisatchie-Delta offers Business Loan Programs for eligible businesses:
- Tri-District Development Corporation – The Tri-District Development Corporation’s revolving loan fund provides fixed rate, long-term financing of $15,000 to $150,000 for new or expanding businesses creating new jobs. Job and equity injection is required.
- Rural Intermediary Relending Program – The Rural Intermediary Relending Program provides loans from $15,000 to $250,000 (up to 75% of project costs) for job-creating businesses in the Kisatchie-Delta District. While lending is primarily concentrated on fixed assets, this program allows for debt refinancing, too.
- SBA 504 Loan Program – The SBA 504 program provides second mortgage loans to finance land, building, and eligible equipment for new or expanding businesses creating new jobs. Kisatchie-Delta works with applicants and their lenders to seek SBA participation. Typically, a borrower’s injection is up to 20%, the bank portion is generally 30%, and SBA’s portion is 50%. One attractive feature of the SBA 504 program is the longer terms allowed — some up to 20 or more years.
Kisatchie-Delta also provides free technical assistance to start-ups or existing businesses for understanding and seeking business financing.
Whether seeking financing through your established financial institution or alternative lending programs, Kisatchie-Delta will provide technical assistance for Central Louisiana businesses on components of loan applications. Typically, lenders require a number of documents for assessing a variety of criteria in determining a loan decision, such as:
- credit worthiness
- demonstrations of profitability
- minimizing risk
Call our Financial Services Specialist, Tasha Blanchard, to arrange an appointment for free technical assistance.