The Louisiana Small Business Development Center remains committed to helping the Louisiana small business community through the COVID-19 (Coronavirus) event. To adhere to current medical guidance from federal and local government, the Louisiana Small Business Development Center has transitioned to offer our 1:1 business advisory and consulting services virtually using an online platform of choice. To request assistance, visit the website at www.lsbdc.org and users will be directed to electronically request assistance via email. We have also postponed all in-person workshops, and will provide further updates regarding possible workshops in webinar format.
Programs and applications for assistance are available to help existing small businesses handle economic loss associated with COVID-19. Governor John Bel Edwards announced that all small businesses in Louisiana are eligible to receive COVID-19 disaster aid from the U.S. Small Business Administration.
The U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Governor John Bel Edwards has submitted Louisiana’s SBA application package for statewide coverage to the federal authorities, and as of today, March 19, 2020, the SBA has issued under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, an Economic Injury Disaster Loan declaration for Louisiana.
Please contact the Louisiana Small Business Development Center at firstname.lastname@example.org to arrange a virtual meeting or phone call with a Business Consultant and to learn more about programs being developed, and be sure to check www.lsbdc.org for updates