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Phase II Application Period Underway for Business Recovery Grant & Loan Program
June 24, 2008
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Community-based financing intermediary organizations across South Louisiana are accepting applications for Phase II of the Louisiana Business Recovery Grant and Loan Program through Friday, July 18, 2008. The program is designed to support small businesses in 20 parishes recovering from the after-effects of hurricanes Katrina and Rita. State officials have made $80 million available in combination grants and zero-interest loans for recovering businesses in this phase.
Louisiana Forward
Phase II Application Period Underway for Business Recovery Grant & Loan Program
Applications being accepted through July 18
Community-based financing intermediary organizations across South Louisiana are accepting applications for Phase II of the Louisiana Business Recovery Grant and Loan Program through Friday, July 18, 2008. The program is designed to support small businesses in 20 parishes recovering from the after-effects of hurricanes Katrina and Rita. State officials have made $80 million available in combination grants and zero-interest loans for recovering businesses in this phase.
Informational sessions about the program will continue throughout the application period. Business owners are urged to attend informational sessions to ensure their applications are accurate and complete before scheduling an intermediary interview to submit the application. It makes no difference when a complete application is received during the application period.
For more information on the program, interested businesses can visit LouisianaForward.com/BRGL, or call the program’s 24-hour, toll-free helpline at 1.877.610.3533.
LED and LRA officials developed Phase II of the program with extensive input from local business groups, related state agencies and the U.S. Department of Housing and Urban Development. Funds remaining from the first phase of the program were added to monies allocated by the Legislature last year to total the $80 million available for Phase II.
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