Small Business Loans in Louisiana

Louisiana has 436,000 small businesses employing 836,000 workers — 42.8 percent of the state's private workforce. In FY2024, Louisiana small businesses received 798 SBA 7(a) loans totaling $328 million, with an average loan size of approximately $411,000. Louisiana's SMB economy is uniquely shaped by its energy services sector (offshore oil and gas, petrochemical processing), the Port of New Orleans and the Lower Mississippi River logistics corridor, and a significant tourism and hospitality economy concentrated in New Orleans.