Fund now open for small businesses affected by flooding
South Louisiana small businesses that have been impacted by this month’s historic flooding can now apply for grants from the Louisiana Small Business Rebirth Fund.
Applications are being accepted through labizrebirth.org. The fund will give grants of between $1,000 and $10,000 to small businesses that will serve as “triage funding,” said Ansley Zehnder, a spokeswoman for the Baton Rouge Area Chamber. BRAC, the Louisiana Association of Business and Industry, GNO Inc., the Louisiana Chapter of the National Federation of Independent Business, the Louisiana Association of Chamber of Commerce Executives and One Acadiana have teamed up for the fund.
To be eligible for the funding, a business must be located in the 20 parishes included in the federal disaster declaration, have 50 or fewer employees and have been in business on Aug. 10.
The deadline to apply for the first round of funding is Sept. 2. The exact amount of money in the fund was not disclosed, but Zehnder said the total has “more than doubled” as of Thursday.