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Louisiana Small Business Loans

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  • Get funds as fast as 24 hours
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By Erin Ryan Social Community Manager and Senior Writer at Fast Capital 360 Reviewed By Mike Lucas
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Loan Overview

  • Coins stacked on table with blue arrow pointing up
    Loan Amount Up to $500,000
  • Calendar image appearing as though the page is being flipped
    Estimated Repayment Terms 1-5 Years
  • Speedometer icon
    Interest Rate Starting at 7%
  • Dollar sign in circle
    Speed of Funding As fast as 1 day

Running a business in the Bayou State can come with its fair share of challenges, not the least of which is having sufficient working capital. When you find yourself short on funds, turn to a top lender offering Louisiana small business loans.


Small Business Landscape in Louisiana

There are more than 457,000 small businesses in the state of Louisiana, employing roughly 905,000 workers, according to the Small Business Administration (SBA). Additionally, about 3,200 small businesses were involved in exporting goods from the state. Major industries include oil, natural gas, commercial fishing and tourism.


5 Banks for Louisiana Business Loans

1. Bank of Zachary

Not only is this bank accredited by the Better Business Bureau (BBB), it’s also earned the organization’s A+ rating. Additionally, WalletHub reviewers have given it a 5-star rating.

Available business loans include these:

  • Business lines of credit
  • Equipment and vehicle financing
  • Business acquisition lending
  • Commercial real estate loans

2. Synergy Bank

Synergy Bank is A+ rated with the BBB. It also has earned a 4.9-star WalletHub rating. If you’re looking for SBA loans in Louisiana, you’ll find them here, along with the following: 

  • Marine loans
  • Business term loans
  • Business lines of credit 
  • Commercial real estate loans
  • Equipment loans and leasing
  • Insurance premium financing

3. Gulf Coast Bank

This financial institution has a 4.9-star rating on WalletHub. It’s also been awarded an A+ rating with the BBB. In addition to being an SBA lender in Louisiana, Gulf Coast Bank offers the following:

  • Inventory financing
  • Equipment loans
  • Investment property loans
  • Agriculture purpose loans
  • Community development loans
  • Accounts receivable financing

4. Community First Bank

This bank is A+ rated with the BBB. It also has a 4.9-star rating with WalletHub. Louisiana small business loans here include these:

  • Agriculture loans
  • Commercial loans
  • Revolving lines of credit
  • Working capital loans
  • Equipment and machinery loans
  • Real estate and construction loans

5. First Federal Bank of Louisiana

This SBA Louisiana lender was named a Best Bank in Louisiana by WalletHub. It also earned a 4.7-star rating on the site as well as a 4.1-star rating on SmartAsset.

Head to one of 16 branches in the state, where you’ll find the following: 

  • Business credit cards
  • Real estate loans
  • Construction loans
  • Term loans
  • Lines of credit
  • Bridge loans

Alternative Financing Options in Louisiana

In addition to banks, small business owners can turn to alternative lenders for their financing needs. 

Although banks can offer more competitive rates and terms, alternative lenders have less challenging qualifications to meet and are quick to fund, sometimes as fast as 1 day of approval. They offer a number of short-term funding options, such as merchant cash advances, bridge financing and more.  

  • Applying for Business Funding in Louisiana Through Fast Capital 360

    Whether you’re seeking an SBA loan or a merchant cash advance in Louisiana, we can help. 

    Here’s what sets us apart:

    Speed

    Apply online and find out what you qualify for fast. 

    Multiple Offers

    Your single application with us could return several financing offers. That’s because we partner with an extensive network of lenders throughout the U.S.

    Expert Guidance

    A Fast Capital 360 Business Advisor will review your offers with you so you can make the best decision for your business.

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Additional Resources for Entrepreneurs in Louisiana

In addition to Louisiana loan and grant funding, find organizations near you dedicated to helping small business owners.

SCORE

This nationwide nonprofit has been in operation since 1964. Small business owners at any stage can find a wealth of resources here, including complimentary business consulting and free or low-cost workshops. Additionally, access the online library for helpful articles, document templates, videos and more. 

Several locations are available in Baton Rouge and its main Louisiana office is in New Orleans.

Louisiana Economic Development

Get help starting or expanding a small business, including technical support, certification programs, bonding assistance and more. Peer groups and mentorship programs are available, too. Additionally, if you’re a military veteran entrepreneur, you can find programs designed specifically for you.

Louisiana Small Business Development Center

Small Business Development Centers are located throughout the U.S. and are sponsored in part by the SBA. Seasoned and new entrepreneurs can take part in local or virtual workshops on topics of interest, such as small business startup loans in Louisiana, digital marketing, taxes, ecommerce and human resources to name a few. Get confidential consulting too.

One application. Multiple loan offers.

Quickly compare loan offers from multiple lenders without impacting your credit score.

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