The civic record
Read. Follow. Verify.Louisiana House Bill 829 Establishes $25 Million Revolving Loan Fund for Minority-Owned Small Businesses
Last action · March 9, 2026: Read by title, under the rules, referred to the Committee on Commerce.Sponsor: Edmond Jordan
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What This Bill Proposed
Louisiana HB 829 creates the Louisiana Minority Business Development Fund with an initial $25 million to provide low-interest loans, technical assistance, and flexible collateral requirements to qualified minority-owned small businesses across the state.
Qualifying small business owners gain access to low-interest financing up to $500,000—or $750,000 for exceptional impact—with repayment terms up to 15 years and dedicated technical support funded by at least 10% of the program's administrative budget.
- Louisiana Economic Development serves as the state's economic development agency charged with growing the state's economy and business retention. context
- State revolving loan funds are designed to provide capital that replenishes itself through loan repayments, allowing sustained lending activity over time. context
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Minority-owned small businesses
Eligible businesses gain access to low-interest direct loans, flexible collateral terms, and subsidized technical assistance.
Louisiana Economic Development
The department is tasked with administering the direct loan program, employing dedicated staff, partnering with educational institutions, and submitting annual legislative reports.
Southern University System and partner institutions
Partner with the state department to deliver free or subsidized technical assistance services to loan applicants and recipients.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who qualifies as a minority person under this bill?
What types of business expenses can these loans cover?
What happens if a loan application is denied?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
4 actions- Mar 9, 2026HouseIntroducedRead by title, under the rules, referred to the Committee on Commerce.
- Feb 27, 2026HousePrefiled.
- Feb 27, 2026HouseCommitteeUnder the rules, provisionally referred to the Committee on Commerce.
- Feb 27, 2026HouseFirst appeared in the Interim Calendar on 2/27/2026.
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Dedicated Administrative Cap
The bill explicitly caps administrative expenses at 8% of the fund's average annual balance while mandating at least 10% of administrative funds be spent on technical assistance.
Connected Entities
Sources
www.legis.la.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy60Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz45Current news / social attention level
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