Description
The Louisiana Economic Development Corporation (LEDC) is a division within Louisiana Economic Development, a state agency, charged with the responsibility of stimulating the flow of private capital, medium to long-term loans, lines of credit, loan guaranties and other financial assistance to small businesses within Louisiana. Its Small Business Loan and Guaranty Program works in partnership with the banking community statewide to facilitate capital accessibility for small businesses by providing loan guarantees to banks and other small business lenders. The programs purpose is to provide financial assistance, which will help with the development, expansion and retention of Louisiana’s small businesses. Guarantees may range up to 75% of a loan amount, not to exceed $1.5 million.