APPLYING FOR A BUSINESS LOAN?

The Acadiana Regional Development District was recently awarded an EDA Recapitalization Revolving Loan Fund to assist businesses in the parishes that were affected by Hurricanes Gustav and Ike. Also, public, quasi-public, and units of government may be eligible.

PLEASE NOTE:
Your business did not have to have damage to qualify -- you only have to be located in an affected parish.

STEP 1:
AM I ELIGIBLE

STEP 2:
THE PREAPPLICATION

STEP 3:
THE FULL APPLICATION
See if your eligible
Fill the preapplication form
Complete the loan application

Many of the previous EDA requirements have been waived.

Click here to find out what qualifies for an EDA business loan.

Complete the online Preapplication form
(in pdf format).

For instructions and mailing information, click here.

Your preapplication has been approved! It is time to complete a full loan application.

Let's Begin!

BASIC LOAN REQUIREMENTS

INTEREST RATE Minimum of 4% to 7%
LOAN RANGE $5,000 to $150,000
LOAN FEES 1% of loan amount with maximum fee of $250
TERMS 3-5 years for working capital loans
7-10 years for fixed assets
8-12 years for real property