Get Free Government Business Loans

Basics of SME Loans

-Small Business Loans
-Small Business Finance
-Small Administration Loans
-Business Development Loans
-Government Business Loans
-VA Small Business Loans
-Business Acquisition Loans
-Basic SBA 7a Loans

Types of SME Loans

-Secured Business Loans
-Unsecured Business Loans
-Long term and Short term
-Minority Business Loans
-Fast Business Loans
-Free Business Loans
-Small Business Loans Online
-SBA Micro Loan Program
-Export Working Capital

Bridge loan

Louisiana has a unique kind of newly introduced free loans for businesses at the state level recently. Louisiana Economic Development (LED) and the Louisiana Public Facilities Authority (LPFA) together are managing what they call 'bridge loan'.

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The loan is free of interest for initial 180 days and is targeted on existing businesses in the hurricane affected areas. The businesses that are approved of other loans but are waiting for the fund to be received by them will benefit by bridging the gap. The main focus of this loan is to see businesses get working capital requirements to be able to pay salaries to their employees and pay their monthly bills. The eligibility for this free business loan by Louisiana is that your business should be located in the hurricane direct hit areas; you should have run the business for at least one year prior to applying for this loan apart from having a good credit record.

Where do you get free government business loans from?

The interest free government business loans are guaranteed by government funding and are distributed by private sector financial institutions. Some charity institutions such as Hillsong Church - a global micro enterprise development and a Christian organization (of course there is an exhaustive list) and private lenders like Downtown Augusta Inc. are in the fore front of providing the free loans. While some private lenders are funded by government grants for the purpose, others manage from their own funding sources.

What is the catch, if there is any?

Well. It is not easy to tell a scamster from a genuine lender. Especially when thousands are looking out for free loans, it becomes a stark necessity that every business owner took cautious steps. The basic thing one needs to understand is that the free business loans have to be repaid come what may. Only lenders backed by government or lenders of long standing repute can be dependable. It really pays you to check lenders' credentials before signing on the papers.