| Securing funding is critical to the growth and success of your business.
JEDCO's financing programs are designed to assist Jefferson Parish-based businesses with financing of fixed assets, working capital and inventory. This is accomplished by utilizing the lending resources of the U.S. Small Business Administration, the Economic Development Administration, the Department of Housing and Urban Development and the Environmental Protection Agency. Most loan programs work in conjunction with bank financing. Under this structure, financing of an eligible project is divided between JEDCO, a private lender and borrower's equity. These federal loan programs have been established to assist with economic development and have the primary objective of job creation. Loans are made in the range of $10,000 to $4 million.
|
JEDCO is also authorized to issue Gulf Opportunity (GO) Zone bonds which allow private business owners and corporations to borrow capital at very favorable tax-exempt rates to acquire, construct, reconstruct or renovate non-residential real properties in the GO Zone
|
|
This loan program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. Typically, a 504 project includes a loan secured with a senior lien from a private-sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from JEDCO (backed by a 100 percent SBA-guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the business. The maximum "504" loan amount is $1.3 million.
Objective: To promote economic development by providing financing to existing businesses in Jefferson Parish.
|
|
JEDCO, through its State enabling legislation, issues tax-exempt and taxable IDBs to finance land acquisition, building construction and the purchase of new equipment.
|
|
This loan program is designed to promote economic development by providing financing to businesses that will create jobs for low-to-moderate income persons as determined by HUD guidelines. Loans range from $10,000 - $150,000 and can be used for land/building acquisition, new construction/renovation, equipment purchases, project's professional fees, working capital, and inventory.
Objective: To promote economic development by providing financing to businesses that will create jobs for low-to-moderate income individuals.
|
|
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.
|
|
Objective: To promote economic redevelopment by assisting in the clean-up of designated EPA brownfields sites within Jefferson Parish. |
Here are additional links and contacts for additional funding resources.
|
|
