The New Orleans BioFund was created to support small businesses in the region looking to grow, create jobs, and contribute to the economic revitalization of New Orleans. The fund operates in all industries as both an investor and lender, but places a special emphasis on biotechnology as a part of its mission.
Federal loans for starting a business; working capital; purchasing property; equipment, fixtures, inventory, lease-hold improvements; refinancing debt. Up to $5 million, up to 25 years, 4% - 10% interest.
Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. To qualify, the business must have been in operation for at least two years, must generate annual sales or revenues above $150,000 in the most recent fiscal year, and have at least four employees.