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. Prospective applicants must demonstrate that the project financing could not be obtained through conventional sources.
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 - $150,000
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 JEDCO
Term
Fixed Asset Loans -- 5 to 20 years
Working Capital Loans -- 3 to 7 years
Fees
Commitment Fee: 1 percent of JEDCO financing, or $500, whichever is greater.
