Our services

Programs & Services
NewCorp provides the following services to small and emerging businesses:
 
Certification Assistance Software Training
Strategic Planning Management Counseling
Accounting Consultation Small Business Lending (CDFI)
Financial Assistance & Consultation Micro Loan Intermediary (SBA)
Marketing Assistance & Support Grant Incentives (CED)
  In Depth Technical Assistance
 


 
 

 
 
Loan Products
NewCorp has a vast array of loan products that are funded through Federal, State, and Local Government Agency programs and initiatives; Private Foundations; and the New Orleans City Council.

NewCorp RCF:
NewCorp’s Revolving Capital Fund (RCF) Program is intended to support small businesses and general economic development in Louisiana. Loan funds are to be used to retain or create jobs, generate tax revenues, provide needed services to a community or finance companies that are have difficulty in obtaining appropriate or needed financing from conventional sources.
  • Target Market: Small & Emerging Businesses, Franchises, High Growth Potential
  • Loan Amount: Up to $200,000
  • Loan Purpose: For Operating Capital, Equipment, Real Estate
  • Loan Rate: Interest rates based on nature of transaction
  • Loan Terms: Payment Terms up to seven (7) years
  • Collateral: Typically secured by Business Assets or Real Estate
  • *Must be located in one of the 20 affected parishes of the original BRGL program.
Small Business Administration (SBA) Micro Loan Program
The SBA Micro Loan Program provides very small loans to start-up, newly established, or growing small businesses. Under this program, SBA makes funds available to NewCorp to make loans to eligible borrowers. Individuals and small businesses applying for micro loan financing may be required to fulfill training and/or planning requirements before a loan application is considered. Micro loans are based on funding availability.
  • Target Market: Small and Emerging businesses located in the State of Louisiana
  • Loan Amount: Up to $35,000 (Average $10,000 to $13,000)
  • Loan Purpose: For Operating Capital, Inventory/Equipment Purchase
  • Loan Rate: 7% to 10% Fixed
  • Loan Term: Maximum Term Six (6) years
  • Collateral: Unsecured or Secured by Business Assets
Collaborative for Enterprise Development (CED) Loan Program
NewCorp, through the Collaboration for Enterprise Development, is a network comprised of four organizations whose mission is to drive economic development through entrepreneurship by facilitation cooperation in order to provide a continuum of services to start grow, and strengthen small businesses. NewCorp is centered on delivering the most effective blend of financial products and technical assistance possible to aid businesses in achieving its objectives of growth and profitability. CED loans are based on funding availability.
  • Target Market: Small and Emerging businesses located in the State of Louisiana
  • Loan Amount: Up to $35,000 (Average $7,500)
  • Loan Purpose: For Operating Capital, Inventory/Equipment Purchase
  • Loan Rate: 5% Fixed
  • Loan Term: Maximum Term Three(3) years
  • Collateral: Unsecured