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Financial Services Law Insights and Observations

Louisiana governor encourages Louisiana banks and small businesses to continue to be diligent as federal Paycheck Protection Program is implemented

State Issues Louisiana Small Business Lending SBA CARES Act Covid-19

State Issues

On April 4, the Louisiana governor issued a statement encouraging Louisiana banks and small businesses to continue to be diligent as the federal Paycheck Protection Program is rolled out. Banks are encouraged to continue pursuing access to federal funding and to be patient as the program moves forward. The statement also reiterated additional help for small businesses is available through the previously-announced Louisiana Loan Portfolio Guaranty Program.