Seed capital for startups and early stage businesses

• Authorized to conduct business in Louisiana and maintains an office in Louisiana
• Small businesses with 500 employees or less
• Eligible business purposes include, but are not limited to, start-up costs, working capital, business procurement, franchise fees, equipment, inventory, as well as the purchase, construction, renovation or tenant improvements of an eligible place of business that is not for passive real estate investment purposes. The definition of business purpose excludes activities that relate to acquiring or holding passive investments such as commercial real estate ownership, the purchase of securities; and lobbying activities as defined in Section 3(7) of the Lobbying Disclosure Act of 1995, P.L. 104-65, as amended.

• Gaming or gambling
• Pyramid sales
• Financial services
• Speculative real estate
• Owner to owner buyouts
• Refinancing
• Recreational park, theme park, amusement park or camping facility
• A business engaged in activities that are prohibited by federal law to include direct and indirect marijuana businesses.

All incentive program rules are in the Louisiana Administrative Code maintained by the Office of the State Register.

• View the Titles of the Louisiana Administrative Code
• Rules for the SSBCI Seed Capital Program ARPA 2021 can be found in Part VII, Subpart 11, Chapter 89.
• Rules for the SSBCI Venture Capital Program ARPA 2021 can be found in Part VII, Subpart 2, Chapter 29.

Application process varies by fund. Contact participating equity funds directly (see list below) for details about the requirements for each participating fund.