BATON ROUGE- The deadline to apply for the Restore Louisiana Small Business Program is today.
Residents have until midnight to get their applications in for consideration. The program offers interest-free, partially forgivable loans to businesses impacted by the 2016 floods. The $43 million program helps eligible businesses in 51 parishes.
The interest-free loans range from $10,000 to $150,000 with 40 percent of the loan forgiven if qualified borrowers comply with all program requirements. The loan can be used for working capital such as rent, mortgage, utilities, non-owner employee wages, and more. However, construction related expenses are not eligible.