Entrepreneurs often need money to grow their business, acquire a new business, or launch a unique business venture. Taking out a loan usually leaves you, the owner, in complete control of your company and is quicker than seeking equity capital. Securing equity capital means taking on investors and being accountable to the investors, but does not require you to make regular monthly payments. Investors expect you to make a profit in 3 to 7 years and provide them with a return on their investment.
 
While the LSBDC does not provide financing, we have professionals who can help you prepare a well-organized loan package with complete documentation.
 
The LSBDC can help you:
Identify equity financing options
Structure the financing
Identify sources of funding
Prepare financial projections
Access expansion capital
Unfortunately, grant monies are usually not available, with a few exceptions of high technology businesses. For additional assistance visit the U.S. Small Business Administration or Catalog of Domestic Assistance website.
 
To learn more about financing your business, contact your local LSBDC to schedule a no-cost, confidential consultation or download Understanding Commercial Lending: The Question & Answer Guide today!

Resources

Five Steps to Good Credit

Improving your credit doesn't have to be a time-consuming hassle. Here are five steps the ABC's of Credit Repair recommends to improve your credit easily. Download

Understanding Commercial Lending: The Question & Answer Guide

Answers some of the most commonly asked questions about commercial lending. Download

Managing Cash: The Small Business Guide to Financial Control

Basic tips on how to measure and manage your business cash flow. Download

Upcoming Events
5 Steps to Secure Financing
Tuesday, March 21, 1:00 PM
Fletcher Technical Community College Houma Campus, Houma

Identifying and securing the financing you need to grow your business can be a scary and difficult task when you don't know what to do. A winning fu...Read More



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The Louisiana Small Business Development Center Network, hosted by the University of Louisiana at Monroe, is an accredited member of the National Association of Small Business Development Centers and funded in part through a cooperative agreement with the U.S. Small Business Administration, Louisiana Economic Development and participating universities. All SBA programs are extended to the public on a nondiscriminatory basis. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. Reasonable accommodations for persons with disabilities and/or limited English proficiency will be made if requested at least two weeks in advance.
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