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NEWCORP Business Assistance Center
2900 St. Bernard AvenueNew Orleans LA, 70119-0000
CDFI Awards for NEWCORP Business Assistance Center
TA (2006) - $100,000
NewCorp Inc. is a certified CDFI established in 1998 to provide small business loans, technical assistance, and access to business opportunities for micro, small and emerging business clients across its 9-parish New Orleans metropolitan area. NewCorp Inc. will use the 2006 TA grant of $100,000 to 1) obtain services to perform a post-Katrina market study; 2) engage portfolio recovery assessment services; 3) pay for staff training in community development lending; 4) cover operating epenses for staff to be replaced due to displacement as a result of Hurricane Katrina and 5) relocate offices and purchase computer hardware and other materials and equipment destroyed by Hurrican Katrina.
TA (2004) - $20,000
Newcorp, Inc. will use the award to conduct a market analysis and impact evaluation; perform a loan systems review; and obtain technology upgrades and staff training.
FA (2004) - $280,000
NewCorp Business Resource Center (NBRC) will use the award to capitalize a loan program specifically aimed at "entrepreneurs and small businesses located on commercial corridors which have experienced blight and decay over the past 10 to 20 years due to out-migration. The products will specifically support borrowers seeking to upgrade building facades, to renovate buildings, and to receive technical assistance.
Other Community Development Financial Institutions in Louisiana
ASI Federal Credit Union
Harahan
Capital One Community Renewal Fund, LLC
New Orleans
Dryades Savings Bank, FSB
New Orleans
Eagle Louisiana Federal Credit Union
Baton Rouge
Enhanced Delta Community Development, LLC
New Orleans
Liberty Bank and Trust Company
New Orleans
Liberty Financial Services
New Orleans
National Cities Fund, LLC
New Orleans
New Orleans Community Development Fund
New Orleans
NEWCORP Business Assistance Center
New Orleans
Red River Valley BIDCO, Inc.
Shreveport
Southern Mutual Financial Services, Inc.
New Iberia
Stonehenge Community Development, LLC
Baton Rouge
Whitney New Markets Fund, LLC
New Orleans
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Small Business Administration Background
The Small Business Administration was established in 1953. Since that time the agency has dispensed millions of dollars in loans and loan guarantees, contracts, consulting assistance and other programs for small business across the United States.
Disaster Relief Loans from GovLoans
GovLoans is a website created by the United States Federal Government that is designed to serve as the public's gateway to loan program information. One of the several kinds of loans that are featured in the GovLoans website are Disaster Relief loans.
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