JEDCO

JEDCO's SBA 504 Loan Program

The JEDCO SBA 504 Loan Program helps small business owners startup, grow and thrive. Your business doesn’t have to be in Jefferson Parish to take advantage of this program. JEDCO’s SBA 504 Loan Program crosses Parish lines and can support a business located anywhere in Louisiana.

Program Features

  • Borrower equity as low as 10%
  • Below-market fixed rate
  • New businesses are eligible borrowers
  • Approvals using projected revenues
  • Finance “special purpose” properties

Project Size: $200,000 to $15,000,000+

Loan Term: Up to 25 years (NEW)

Eligible Uses:

  • Purchase, renovation, and construction of commercial property
  • Purchase of new or used equipment or machinery
  • Debt refinance of fixed assets (NEW)

Success Stories

Our team of experts has helped many small business owners finance projects that would not have been possible without the SBA 504 Loan Program.

Atomic Burger

Trendy fast food restaurant offering award-winning burgers and nitrogen-frozen milkshakes.
Loan Amount: $1.3 million
Total Project Cost: $3 million
Project: Land purchase and construction of restaurant in Baton Rouge, LA. Financing includes $500,000 for furniture, fixtures and equipment (FF&E).
Website

Starr Textiles

Regional service provider for hospitality industry, offering services in commercial laundry, dry cleaning, garment processing and textile rentals.
Loan Amount: $4.4 million
Total Project Cost: $10.7 million
Project: Land purchase and construction of a 70,000 square-foot, state-of-the-art commercial laundry facility in Elmwood, LA. Financing includes purchase and installation costs of equipment.
Website

Boil Seafood House

A new restaurant in New Orleans’ Garden District specializing in seafood boiled in Vietnamese-style.
Loan Amount: $512,000
Total Project Cost: $1.5 million
Project: Purchase of land and full renovation of nationally-registered historic building for use as a restaurant.
Website

Creative Dance & Music Studio

Dance and music studio offering classes for all ages from toddlers to competition-level students.
Loan Amount: $616,000
Total Project Cost: $1.5 million
Project: Land purchase and construction of dance and music studio in Harvey, LA. This small business owner was able to stop leasing and own her own building with a 504 loan.
Website

Impastato Chiropractic

Clinic providing chiropractic cure and wellness coaching for long-term, life-improving pain relief.
Loan Amount: $258,000
Total Project Cost: $700,000
Project: Purchase and renovation of commercial property in Metairie, LA for use as chiropractic clinic. A portion of the property is leased to other small business owners. The larger facility provides future expansion opportunities.
Website

Pel Hughes Printing

New Orleans-based company specializing in print, email, web, SMS, direct mail, and integrated marketing.
Loan Amount: $842,000
Total Project Cost: $2.1 million
Project: Purchase of used commercial printing equipment. Financing includes transport and installation costs.
Website

How It Works

1st Mortgage Commitment Partners

Contact

JEDCO Economic Development Finance Manager
Jennifer Lapeyrouse
504.875.3924
jlapeyrouse@jedco.org

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