EDA Revolving Loan Fund 
The program is designed to assist small business expansion projects by leveraging private funds with low-cost, fully amortized term loan facilities. Loan amounts range from $25,000 to $150,000. Eligible uses include working capital, land/building acquisition, and equipment purchases.
Objective
To assist small business expansion projects by leveraging private funds with low-cost, fully amortized term loan facilities.
Eligibility
- For-profit business
- Project must be located in Jefferson Parish
- Requirement is creation/retention of one job per $10,000 in EDA assistance
Loan Purpose
- Land/building acquisition
- Purchase equipment
- Working capital
Loan Size
$25,000 - $150,000Typical
Prospective applicants must demonstrate that the project financing could not be obtained through conventional sources.Structure
For each $1 of funding from JEDCO/EDA, there must be at least $2 of private funds from private lender and/or equity.Rate
As determined by JEDCOTerm
• Fixed Asset Loans -- 5 to 20 years• Working Capital Loans -- 3 to 7 years
