- November 10, 2023
- Posted by: legaleseblogger
- Category: Related News
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### Introduction to Small Business Loan Program
The St. Bernard Economic Development Foundation has announced the opening of a small business loan program on Friday, Nov. 10, to assist small businesses and nonprofits affected by disastrous events from 2020 to 2021. This program is funded by Restore Louisiana.
### Program Details
The program is designed to provide assistance to small businesses and nonprofits by offering partially forgivable loans with zero interest rates. These loans aim to aid with non-construction expenses, thereby helping these entities get back on their feet amid trying times.
### Eligibility Criteria
Eligibility for the program requires businesses to meet specific criteria, including having one to 50 full-time employees, being in operation at the time of the disaster event, generating a minimum of $25,000 in annual gross revenues before the disaster event, being located in eligible parishes, experiencing financial or physical losses due to the disaster events, and having an eligible unmet need after accounting for duplication of benefits.
### Application Deadline and More Information
The application deadline for the program is Sunday, Dec. 31. For more information about the program and the loan application process, interested parties can visit the Restore Louisiana website.
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