Our list is a result of detailed, in-house research on small business lenders in Louisiana, based on reliable and verifiable data. We've ranked these lenders according to the volume of small business loans they've issued over the current year.
Essentially, this means we're highlighting those banks and lending bodies that are genuinely at the forefront of loan distribution to small businesses in Louisiana.
(Unlike many other sites that typically focus on nonprofits with minimal lending activities or government programs that are challenging for qualify for.)
Takeaway: Louisiana small businesses do a fair share of borrowing from small local banks, in addition to national banks that you see in other states.
Methodology: Our study is based on data from SBA 7a loans, ensuring that every lender we mention provides these types of loans. We've also gathered details on various other small business loan options that these lenders promote on their websites.
It's important to recognize that mainstream banks typically set high standards, demanding strong credit scores and at least two years of business operation. In response to this, we've begun our list with a couple of financing alternatives designed for small business proprietors who might be struggling with lower credit scores or who are relatively new to the business scene.
