Financial Resources
The Dixie Business Development Center can assist new or expanding businesses in obtaining needed financing. A normal requirement for the business is that a well-thought-out business plan has been put into place and that some collateral be available. Several sources for small business financing are available.
Commercial Banks
Several 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.
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.
Louisiana Economic Development Corporation
Specialized Agencies
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
Venture Capital is available through a variety of public and private sources. BIDCO's larger commercial banks and private investors offer venture capital and mezzanine financing.