ArtBusiness: New Orleans Seedco Financial is offering financial and technical assistance to locally-owned and operated nonprofit arts and culture businesses and organizations in New Orleans. The ArtBusiness: New Orleans Initiative provides timely, below-market-rate loans that range from $5,000-$200,000 to help arts and culture businesses and organizations quickly reestablish or expand their operations in order to promote the revitalization of New Orleans. Technical assistance is provided on developing earned revenue strategies, financial management, and marketing. Key features/terms of the loan fund include: Loans of $5,000 to $200,000 Term loans available for working capital, equipment purchases, refinancing, improving leased/owned space, and for costs associated with creating, sustaining or expanding a business. Bridge loans are also available in some cases. Below-market rates (7% to 9%) Extended payback periods on term loans (3 to 7 years) Tailored to the business’s specific needs. Eligibility: Locally-owned and operated arts and culture businesses and organizations in New Orleans with 50 employees or less, who demonstrate the following may apply: Committed to building or rebuilding their business, a solid customer base, and able to handle debt financing Contact: GulfCoast@seedco.org Agency: Seedco Financial Services Gulf Coast Division/Xavier University Telephone: (504) 520-5729 Web: http://www.seedcofinancial.org Last Updated: Sep 11, 2007 Click the tab to get listed to request that new information be added to the guide. To report an inaccuracy, or to request more information, please send us feedback.