Business in Jefferson Parish
JEDGrow
About the JEDCO Growth Fund
The JEDCO Growth Fund, or JEDGrow, is a loan program established to support the growth and economic development of Jefferson Parish-based businesses. This loan program benefits startups and small business projects.
- Commercial real estate
- Equipment (new or used)
- Machinery (new or used)
- Leasehold improvements
- Inventory
- Working capital
- JEDCO Loan application (link)
- Personal financial statement (link)
- 2 year personal tax returns
- Business Plan
- 2 years monthly revenue and expensive projects with assumptions
- Requested loan amount and how the funds will be used
- Loan Application (PDF link)
- Personal financial statement (PDF link)
- 2 year corporate tax returns**
- Interim financial statements
- 2 years personal tax returns for all owners and guarantors
** if tax returns are not prepared for most recent fiscal year, then application package must include year-end company-prepared balance sheet and income statement
- Download the Loan Application Checklist
- Download the Personal Financial Statement
- Download the JEDCO Loan Application
LOAN HIGHLIGHTS
LOAN SIZE: Typically $25,000 to $250,000
LOAN TERM: 3 years to 20 years
LOAN RATE: Fixed, up to 3% over prime rate
Be prepared to make it happen
JEDGROW is a small business loan program offered by JEDCO that provides flexible, affordable financing to help emerging and expanding companies in Jefferson Parish access the capital they need to grow.
Eligible uses include working capital, equipment purchases, inventory, leasehold improvements, and other business expenses that support growth and stability. Funds are designed to meet the needs of early stage and growing companies.
Small businesses located in Jefferson Parish that demonstrate the capacity to repay the loan and meet program guidelines may be eligible. Both start-ups and existing businesses can apply.
Loan amounts vary based on project needs and program guidelines. JEDCO works with each business to determine an appropriate amount that aligns with its financial capacity and growth plan.
Applicants can contact JEDCO’s financing team to discuss eligibility, required documentation, and next steps. JEDCO provides guidance throughout the process to ensure a smooth and efficient application experience.
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Success Stories
Pop Nola LLC
Pop NOLA manufactures custom furniture, props and installations for businesses across multiple industries, offering pieces for both sale and rent. The company outgrew its original space after just a few years and relocated to a larger facility in Jefferson Parish to scale operations.
– Total project/loan amount $100,000
– Loan was used to purchase equipment and for working capital
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Success Stories
Jan’s Cajun Restaurant, LLC
This Lafitte staple since 1989, was completely destroyed by Hurricane Ida. With the original owner retiring, two longtime employees stepped in to keep the beloved recipes and brand alive. Thanks to support from JEDCO’s loan program, they were able to reopen the restaurant at a temporary location in the Jules Nunez Seafood Pavilion. It is now the only sit-down restaurant currently operating in the Town of Jean Lafitte.
– Total Project/loan amount $100,000
– Loan was used to purchase equipment and working capital
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Success Stories
Wow Carwash
WOW Carwash offers 24/7 self-serve wash bays and free vacuums, making it a convenient spot for quick, around-the-clock car cleaning.
– Total Project $218,000
– Loan amount $197,000
– Loan was used for business acquisition
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Success Stories
PJ’s Coffee Clearview
PJ’s Coffee is a beloved New Orleans brand known for its small-batch roasting, rich flavors, and authentic Crescent City hospitality.
– Total project – $87,500
– Loan amount $78,750
– Loan was used for business acquisition, furniture, fixtures, and equipment
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Success Stories
Skinolagy
Skinolagy delivers state-of-the-art anti-aging facial treatments from a boutique studio, offering advanced services like microneedling, HydraFacial, oxygen therapy, and more. With cutting-edge equipment and services not available from nearby competitors, Skinolagy stands out as a premier destination for modern skincare.
– Total Project $68,000
– Loan amount $54,000
– Equipment and working capital