Louisiana Healthcare Launderer Gets USDA Loan

The United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Justin Maxson recently announced that the USDA is on track to provide a record level of support for rural working capital and other business capital needs in fiscal year 2021. A beneficiary of this program is TRSA operator member Southern Textile Services, a healthcare laundry located in Alexandria, LA, according to a news release.

In Louisiana, the USDA invested more than $70 million to help 13 businesses create or save jobs through the Business and Industry (B&I) Loan Guarantee Program and the Business and Industry CARES Act Program. Among those 13 businesses is Southern Textile Services, which provides linen supply, inventory management, laundry services, customer delivery and quality control to hospitals, nursing homes and other healthcare facilities. The loan will assist in creating 15 jobs and saving 82 positions at the company’s facility in Alexandria.

The USDA has invested $811 million through the Business and Industry (B&I) Loan Guarantee Program since the start of the current fiscal year. This assistance has helped businesses create or save more than 6,000 jobs in rural areas. USDA also invested $380 million in rural businesses through the Business and Industry CARES Act Program, which was established under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

For more information, visit www.rd.usda.gov. To read the full release, click here.