LEDA resources and aides to guide your business.
In Lafayette, not only are we facing the impact of the COVID-19 outbreak, we are facing a new oil crunch just as the region is emerging from the 2014 downturn. We all have a role to play in supporting our local businesses and their employees—who are our friends, families and neighbors. We encourage you to support your favorite local retailer, service provider, or other business over the coming weeks and months. Click here for COVID Resources for Employees/Workers.
Here are resources available to businesses and their employees. We will continue to update this list as we learn more.
In response to economic hardships experienced by small businesses resulting from the COVID-19 pandemic, Lafayette Consolidated Government (LCG) and Lafayette Economic Development Authority (LEDA) have launched the Lafayette Business Recovery Program to stabilize local businesses and retain/create jobs. LCG is accepting pre-applications in anticipation of receiving HUD funds.
Businesses may apply for a forgivable loan or grant of up to $10,000 to assist with up to three months of costs associated with qualifying business expenses incurred not prior to March 27, 2020—including but not limited to rent, payroll, insurance, benefits, and utilities.
Submit ApplicationInformation and resources provided for the governor's office.
View OrdersThis site allows you to register your business to receive updated communication, notifications, and helpful guidance via email from the State Fire Marshal’s Office specific to your business type. These notifications will answer the important questions:
The CARES Act provides economic assistance to workers, families, and small businesses and preserves jobs for American industries.
Visit Care Act Site For Workers and Families For Small Businesses For Preserving JobsThe FFCRA provides businesses with tax credits to cover certain costs of providing employees with required paid sick leave and expanded family and medical leave for reasons related to COVID-19, from April 1, 2020, through December 31, 2020.
Visit SiteThe Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
Visit SiteMask Up Lafayette Download an easy-to-print sign to post at your business' entrance. Let's work together to keep our businesses open and our friends and family members employed.
View PDFThe CARES Act includes a key provision—the Paycheck Protection Program—that expands the U.S. Small Business Administration’s (SBA) existing 7(a) loan program. As of August 8, 2020, SBA is no longer accepting PPP applications from participating lenders. The COVID Relief Package passed in December 2020 included provisions for additional PPP funds. Updates will be shared when available.
Visit SBA.gov Overview from US Dept of Treasury US Dept of Treasury Press ReleasesPPP Frequently Asked Questions
We’re here to help you overcome the challenges created by this health crisis. We offer multiple funding options for those seeking relief. Read more below.
Visit SiteThe EIDL program is designed to provide low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of COVID-19. SBA’s Economic Injury Disaster Loans offer up to six months of working capital. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The deadline to apply for this program has been extended to December 31, 2021.
Visit Site Loan Application Guidance & Resources FAQ's