The Dixie Business Center can provide
assistance to new or expanding businesses
in obtaining needed financing. A normal requirement for the business
is that a well thought out business plan has been completed
and that some collateral be available. A number of sources
for small business financing are available.
A number of banks specialize in working with small businesses.
They recognize the special needs of small businesses and are often
willing to work to put together financing packages.
DEMCO Revolving Loan Fund
This program can finance up to 75% of a project, not to
exceed $150,000. Most typical business activities
are eligible for financing. Maximum term is 30 years with normal interest
at the then current prime rate.
Louisiana Economic Development Corporation
This is a state agency within the Louisiana
Department of Economic Development. The LEDC generally prefers
to guarantee loans by commercial banks but is also
authorized to make direct loans.
A number of agencies can offer direct loans or loan guarantees.
These agencies include Rural Development, the Small Business
Administration and the Louisiana Department of Agriculture.
Venture Capital is available through a variety
of public and private sources. BIDCO's larger commercial
banks and private investors offer venture capital and