Connect to Capital: State Small Business Credit Initiative

Join the Urban League of Louisiana and Louisiana Economic Development virtually on Wednesday, September 13, 12:00pm-1:30pm, for “Connect to Capital: What Louisiana’s Small Businesses Need to Know about the State Small Business Credit Initiative”.

SSBCI is a $10 billion federal program that helps states support small businesses and startups that are creditworthy but unable to access the capital they need to grow or establish their businesses and create jobs. U.S. Treasury guidelines ensure that very small businesses (VSBs) with fewer than 10 and no more than 499 employees and small businesses owned by socially and economically disadvantaged individuals (SEDIs) will receive critical resources to sustainably grow and thrive.

LED, via the Louisiana Economic Development Corporation (LEDC), is working with private equity funds and financial institutions to disburse SSBCI funds via equity, micro lending, collateral support and loan guaranty programs. The loan programs make it easier for businesses to borrow money by providing collateral support to borrowers, loan guarantees to lenders, and funding for micro loans. Equity programs connect start-ups, early-stage and expanding small businesses with funds to invest in the business.

During this session, small businesses in Louisiana will learn:

• SSBSI programs offered
• Eligibility criteria
• Financial institutions in Louisiana offering SSBCI programs
• Steps for a successful application
• How to apply

Presenters: Louisiana Economic Development’s SSBCI Team:

• Shamelda Pete, Business Development Officer
• Marissa Doin, Business Development Officer
• Susan Bigner, Business Development Officer
  
  

There is no cost to attend this session, however, registration is required. Register today to learn more about this exciting program made just for small businesses!

https://attendee.gotowebinar.com/register/8355300343306528347