WEBVTT

00:00:01.200 --> 00:00:03.609
Your biggest challenge as an entrepreneur?

00:00:04.039 --> 00:00:06.360
Access to the capital you need to grow your

00:00:06.360 --> 00:00:06.949
business.

00:00:07.159 --> 00:00:10.140
Louisiana State Small Business Credit Initiative

00:00:10.140 --> 00:00:11.180
is here to help.

00:00:11.520 --> 00:00:15.000
SSBCI is a once-in a-generation opportunity to

00:00:15.000 --> 00:00:16.940
take your business to the next level.

00:00:17.360 --> 00:00:21.020
SSBCI offers 5 different ways to access the funds

00:00:21.020 --> 00:00:23.459
needed to launch or expand your business.

00:00:23.680 --> 00:00:26.600
3 programs enhance your ability to secure business

00:00:26.600 --> 00:00:27.120
loans.

00:00:27.309 --> 00:00:29.040
2, connect you with equity funds.

00:00:29.365 --> 00:00:31.465
Seeking to invest in your business.

00:00:31.846 --> 00:00:34.695
In microlending, a participating financial

00:00:34.695 --> 00:00:37.405
institution loans up to $100,000 to your small

00:00:37.405 --> 00:00:39.925
business for equipment, renovations, or other

00:00:39.925 --> 00:00:41.276
operating expenses.

00:00:41.486 --> 00:00:44.405
In collateral support, SSBCI pledges up to

00:00:44.405 --> 00:00:47.925
$250,000 to boost the collateral your business

00:00:47.925 --> 00:00:51.006
needs to qualify for commercial loans of up to $1

00:00:51.006 --> 00:00:51.625
million.

00:00:51.925 --> 00:00:54.285
In the Small Business loan guarantee Program,

00:00:54.486 --> 00:00:57.166
SSBCI guarantees up to 1.5.

00:00:57.312 --> 00:00:59.931
$5 million of the loan amount, which increases

00:00:59.931 --> 00:01:02.251
your borrowing power by reducing risk to the

00:01:02.251 --> 00:01:02.931
lender.

00:01:03.372 --> 00:01:06.012
Seed Capital provides investment for your startup

00:01:06.012 --> 00:01:09.012
or early-stage business, and venture capital

00:01:09.012 --> 00:01:11.132
provides investment for your expanding business of

00:01:11.132 --> 00:01:14.652
up to 500 employees, both in exchange for shares

00:01:14.652 --> 00:01:17.222
and an active role in the company by investors.

00:01:17.491 --> 00:01:20.171
To explore the best fit for your business, take

00:01:20.171 --> 00:01:24.372
the interactive quiz on the LouisianaSSBCI.com

00:01:24.372 --> 00:01:25.232
programs page.