Loan Programs: EDA/LED.

EDA (Economic Development Administration)
LED (Louisiana Economic Development)

  • Asset purchases (land and buildings, machinery, equipment, furniture, fixtures)
  • Plant construction, expansion or leasehold improvements (some restrictions apply)
  • Inventory

    • Working capital and professional fees

    EDA/LED Loan Advantages:

  • Loan amounts from $25,000 to $250,000
  • Fixed interest rates with five to fifteen year repayment terms, longer on real estate
  • Minimal equity requirements
  • Subordinate collateral positions acceptable