Essential info for banks, other financial institutions and equity funds participating in – or seeking to participate in – the Louisiana SSBCI program
Download the Collateral Support Application Download the Loan Guaranty Application
SSBCI is not a government grant program that provides funds directly to businesses. It is an economic stimulus program that uses federal dollars to leverage private investment in existing and start-up businesses.
LED acts as a bridge or conduit between the U.S. Treasury, financial institutions and the entrepreneurs and small businesses they serve.
The program’s ultimate success relies on the active participation of program providers like you.
Help LED better support your efforts by emailing your general program questions to LEDSSBCI2@la.gov. We’ll continuously update this page with answers to your frequently asked questions.
How can I participate in SSBCI’s Collateral Support (CSP) and Loan Guaranty programs?
Any insured depository bank, insured depository credit union or insured depository community development financial institution in the state may participate in the Louisiana SSBCI’s Collateral Support Program (CSP) and Small Business Loan Guaranty Program (SBLGP) by opting in.
Lenders seeking more information about CSP participation may contact LED by emailing LEDSSBCIcollateral@la.gov.
Lenders seeking more information about SBLGP participation may contact LED by emailing LEDSSBCILoanGty@la.gov.
How do I become an LED Preferred Lender?
LED Preferred Lenders are loan program participants who have completed the registration process, entitling them to receive additional promotional support on LED’s digital platforms. Become an LED Preferred Lender by downloading the online application here.
How can I participate in the Micro Lending, Seed Capital and Venture Capital programs?
Participation in the Micro Lending, Seed and Venture Capital programs requires completion of an RFQ (Request for Qualifications) process and approval by the Louisiana Economic Development Corporation (LEDC) Board of Directors. Applicants are evaluated on a variety of criteria, including location.
In response to the initial program RFQ, six lenders were approved for the Micro Lending Program and more than 20 funds were approved for the Seed and Venture Capital funds.
Program participation remains an open process, with future RFQ’s anticipated. No new RFQ’s have been scheduled at this time. Funds wishing to participate in SSBCI equity programs should sign up for small business email updates by clicking here.
As new funds and lenders are accepted into the program and grant LED permission to promote their participation, their contact information and website links will be added to the Micro Lending and Equity Programs pages of this website.
For more information about becoming an LEDC-approved Micro Lender or equity program participant, email LEDSSBCI2@la.gov.