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 Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
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.