St. John The Baptist Parish News Release

National Small Business Week Tip #2

National Small Business Week Tip #2

June 18

Entrepreneurs often need money to grow their business, acquire a new business, or launch a unique business venture. Taking out a loan usually leaves you, the owner, in complete control of your company and is quicker than seeking equity capital. Securing equity capital means taking on investors and being accountable to the investors, but does not require you to make regular monthly payments. Investors expect you to make a profit in 3 to 7 years and provide them with a return on their investment.

While the LSBDC does not provide financing, they do have professionals who can help you prepare a well-organized loan package with complete documentation.  Unfortunately, grant monies are usually not available, with a few exceptions of high technology businesses.

To learn more about financing your business, contact the LSBDC Greater New Orleans Region at 504-831-3730 to schedule a no-cost, confidential consultation or download Understanding Commercial Lending: The Question & Answer Guide today!




3:00 pm

“Managing Your Business’ Online Reputation” Google+ Hangout