From:                              Andre Fruge [afruge@louisianacapital.com]

Sent:                               Monday, February 09, 2009 3:35 PM

To:                                   esmith@louisianacapital.com

Subject:                          News from Louisiana Capital CDC, Inc.

 

 

SBA 504 - Bright Spot in Credit Crunch

There has never been a better time for SBA 504.  Our program rates are nearing HISTORIC LOWS!  Louisiana Capital CDC, Inc., is pleased to report the following activity from October 1, 2008 to the present date:

Project Description

Total Project Cost

Partnering Bank

Policy Goals

Jobs Created

Real Estate - Existing

 $866,000

Teche Federal

 

8

Real Estate - New Construction

 $756,000

Rayne State Bank

Woman Owned

3

Equipment

 $153,000

MidSouth

Manufacturer

2

Real Estate - Existing

 $320,000

Teche Federal

 

4

Real Estate - New Construction

 $525,000

JP Morgan Chase

 

5

Real Estate - New Construction

 $2,278,500

Home Bank

Manufacturer

10

Real Estate - New Construction

 $607,000

JP Morgan Chase

 

6

Equipment

 $780,000

Iberiabank

Rural Development;  Manufacturer

8

Totals

$6,285,500

 

 

46


Please contact our office to discuss potential projects and current rates.  We look forward to working with you!

 

P. Andre Fruge, President & CEO
afruge@louisianacapital.com

Karen Angelle, Portfolio Manager
kangelle@louisianacapital.com

Emily Smith, Business Development Officer
esmith@louisianacapital.com

 

Please contact our office by phone (337) 234-2977 or by email.  We look forward to hearing from you.  

 

 

 

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Louisiana Capital CDC, Inc. | 307 La Rue France | Lafayette | LA | 70508