Learn More about CDFI's and Small Business Resources in Louisiana see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
ASI Federal Credit Union
Capital One Community Renewal Fund, LLC
Dryades Savings Bank, FSB
Eagle Louisiana Federal Credit Union
Enhanced Delta Community Development, LLC
Liberty Bank and Trust Company
Liberty Financial Services
National Cities Fund, LLC
New Orleans Community Development Fund
NEWCORP Business Assistance Center
Red River Valley BIDCO, Inc.
Southern Mutual Financial Services, Inc.
Stonehenge Community Development, LLC
Whitney New Markets Fund, LLC
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.