- July 13, 2021
- Posted by: Stratford Team
- Category: Business
BATON ROUGE – A new 1.1 million dollar loan is now available for small businesses in the capital region. The funds will be focusing on those who are still struggling to recover from COVID-19.
“We are really coming up with viable solutions to help the small business community,” Kim Carter Evans said.
Evans works for TruFund Financial Services: a national nonprofit that seeks to stimulate economic development in communities that are underserved by traditional banking institutions.
TruFund is partnering with the Baton Rouge Area Chamber in providing the funding. Each business owner approved could get up to $250,000 for working capital, contract financing, inventory, marketing and business development.
“These dollars will remain in the community almost evergreen. Once a business accesses this capital and pays it back, those dollars are available to help the next business,” Evans said.
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