ANNOUNCEMENT 05 Nov 2019

On 5 November 2019, the US government granted a loan guarantee to Louisiana Tank Specialties, Llc as part of the program Business and Industry Loans.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Business and Industry Loans. Louisiana Tank Specialties, Llc.
https://www.usaspending.gov/award/ASST_NON_GLSX0002283283_12E4

USDA Rural Development, "Business & Industry Loan Guarantees" (retrieved on 15/07/2021). Available at: https://www.rd.usda.gov/programs-services/business-industry-loan-guarantees

Inception date: 05 Nov 2019 | Removal date: open ended

Loan guarantee

On 5 November 2019, the Department of Agriculture approved a loan guarantee worth USD 25 million to Louisiana Tank Specialties, Llc. The support was granted through the Business and Industry Loans programme.

The Business and Industry Guaranteed Loan Program is aimed at improving the economic health of rural communities by increasing access to business capital through loan guarantees. The program offers loan guarantees to lenders for their loans to rural businesses. The program is administered by USDA Rural Development. The loan guarantee percentage is published annually in a Federal Register notice and the Business and Industry loans approved in Fiscal Year 2021 will receive an 80 percent guarantee.