Acción Texas Inc. – Louisiana Profile
Alexandria, New Orleans
SCF has targeted its loan funds to benefit small-business loans to low income business owners in New Orleans, Shreveport and Alexandria, Louisiana. The 2011 loan was intended to bolster funds available to ACCIÓN’s new geographic footprint in Louisiana and the 2012 loan continues to support their lending expansion activities.
Louisiana Needs Profile
Persons below poverty level, percent, 2006-2010: 18.1%
Median household income 2006-2010: 84%
Recipient and Organizational Profile
Recipients: SCF has designated its loan for low income small business owners in targeted cities in Louisiana. Historically, 84% of ACCIÓN’s borrowers have been minorities, with a 50/50 men/woman ratio.
Organization: ACCIÓN Texas-Louisiana is an award-winning nonprofit organization established in 1994 in San Antonio, TX. ACCIÓN has helped Texas and Louisiana entrepreneurs strengthen their businesses, stabilize and increase their incomes, create employment, and contribute to the economic revitalization of their communities. ACCIÓN TX-LA expanded into Louisiana in 2009 (4 offices). Its micro loans create employment – almost 2,200 new jobs have been created and 4,000 sustained between June 1994 and 2009.
– Janie Barerra, President & CEO.
Business lines of credit from $500 to $50,000 for startups and up to $250,000 to established businesses with two years of financial history.