Coronavirus (COVID-19) Information

Coronavirus (COVID-19) Updates

SBDC Webinar Update - 4/3/2020

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Economic Developers,

Our SBDC is doing 2 different webinars on the 2 different programs.  Every weekday 9:00 is SBA disaster loan and 2:00 is CARE Act and Payroll loans PPPthey can register at link below.  We are here to answer questions after they attend these "How to" events.   They should have all the information they need to choose the right program and have the confidence on how the program really works.  Ours are not like others as SBA has trained us and we get daily updates.  We are your disaster people.  Please send link to you folks.

https://www.southeastern.edu/admin/sbdc/  

Bill

Loan Portfolio Guaranty Program

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LED Growth Network:  Because things are so fluid, I am documenting the below information as accurate as of 8:00am on April 2, 2020.

Yesterday, LED announced a new Loan Portfolio Guaranty Program (LPGP).  Louisiana businesses impacted by COVID-19 and with less than 100 employeesmay be eligible for loans of up to $100,000.  Loans will require no payments (or bear any interest) for first six months and carry below-market interest rates not to exceed 3.5% (possibly less depending upon the lending institution).  The LPGP will supply capital to create a loan guaranty fund of up to $50 million, which LED would guaranty 20% of the pool allocated to each participating bank.

Louisiana Loan Portfolio Guaranty Program Information

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From: Tangipahoa Economic Development

To: Tangipahoa Businesses and Stakeholders

In an ongoing effort to keep you informed, please be advised that a new program to  assist the small business community has been launched.

The Louisiana Loan Portfolio Guaranty Program, or LPGP, is a partnership of Louisiana Economic Development (LED), which will provide a loan guaranty fund; the Louisiana Bankers Association (LBA), whose participating members will offer the loans; and the Louisiana Public Facilities Authority (LPFA), which will administer the program.

COVID-19 Update - 4/2/2020

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LOUISIANA

Please go to http://ldh.la.gov/Coronavirus/ for official information on Positive Test Results and locations.  It is updated 12 noon daily.  LDH officials’ latest report: As of last report there are 60 of 64 parishes reporting with 6,424 cases of COVID-19 and 273 deaths across the state.  SEE END OF REPORT FOR PARISH INFO. 

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