State of Louisiana Loan Programs

Louisiana Department of Economic Development
http://www.lded.state.la.us/
Contact: Kelsey Short, Ag Cluster Director
Main Louisiana office Address:
P.O. Box 94185
Baton Rouge, LA 70804-9185
Phone: 225.342.3000

Can provide information about State of Louisiana Dept. of Economic Development incentive programs that are relevant to ag-based businesses. Also can help ag-based businesses connect with other resources/programs.


Louisiana Department of Agriculture and Forestry - Office of Marketing
Agri-Business Division

Linked Deposit Program for Low-Interest Agricultural Product Processing Loans
Post Office Box 3334
Baton Rouge, LA 70821
Phone: 225.922.1292
Fax: 225.922.1289
Contact: Frank Milican
E-mail: Frank_m@ldaf.state.la.us

Provides low interest loans to persons who own, lease, or operate, or who seek to own, lease, or operate an agricultural product processing plant in this state. An eligible business must certify on its application that the reduced rate loan will be used exclusively to create jobs or preserve jobs and employment opportunities in the state. Eligible agricultural products processing businesses must be engaged in the processing or marketing of any agricultural, agronomic, horticultural, silvicultural, or aquacultural crop, or raw product derived therefrom, or any final derivative resulting from a combination or breakdown of raw farm materials. The program is dedicated to increasing the ability to process agricultural products within the state, thus exporting value added products as opposed to the export of raw agricultural products for further processing out-of-state. Processing and further processing within the state significantly contribute to the economic base and job potential within the state.

Loan and Loan Guarantee Program

This program’s purpose is to facilitate the processing, storage and marketing of farm products in Louisiana, encourage and assist in the construction, purchase, or improvements to agricultural facilities that process, store or market Louisiana farm products.

Federal Loan Programs

USDA Rural Development (Louisiana)
http://www.rurdev.usda.gov/la/
3727 Government Street
Alexandria, Louisiana 71302
Phone: 318.473.7921
Contact; John Broussard, Program Director Business and Cooperative Programs
e-mail: john.broussard@la.usda.gov

For a local phone number, go to the website or look it up in your phonebook under USDA. USDA Rural Development offers direct and guaranteed loans to businesses as well as grants, loans, and technical assistance to cooperatives.