This page covers business funding for Gray, Louisiana, a Terrebonne Parish, Louisiana community northwest of Houma, Louisiana. It gives ZIP 70359 employer counts by sector, self-employment estimates for Gray, LA, what Louisiana business and occupational licenses are, how to register a business name, and how a small business loan request works, with a worked example using invented figures.
At a glance
- Employer establishments, ZIP 70359
133 (ZIP Code Business Patterns 2023)
- Employees in ZIP 70359
2,519 (ZIP Code Business Patterns 2023)
- Self-employed residents, Gray, LA
7.1% (+/- 3.7) (American Community Survey 2020-2024)
Gray, LA Business Counts by Sector, ZIP 70359
ZIP Code Business Patterns counted 133 employer establishments in ZIP 70359 in 2023, with 2,519 employees and $183.6 million in annual payroll; 36.8% had fewer than five employees (ZIP Code Business Patterns 2023). Gray, LA covers 63.6% of the ZIP's land, so the ZIP is a close but not exact match for the community.
| Sector, ZIP 70359 | Employer establishments, 2023 |
|---|---|
| Retail trade | 17 |
| Health care and social assistance | 15 |
| Accommodation and food services | 14 |
| Manufacturing | 13 |
| Other services | 12 |
| Construction | 10 |
| Mining, quarrying, and oil and gas extraction | 8 |
The American Community Survey estimates 7.1% (+/- 3.7) of employed Gray, LA residents are self-employed (American Community Survey 2020-2024); the margin is wide, so read it as a rough figure. Gray, LA is inside Terrebonne Parish, LA, where 46.0% of 2,598 employer establishments had fewer than five employees (County Business Patterns 2023).
What Is a Business License in Louisiana, and Who Issues It Here?
Louisiana has no single statewide general business license. A business registers its entity or trade name with the Louisiana Secretary of State through geauxBIZ, registers for state taxes with the Louisiana Department of Revenue, and obtains a local occupational license from the parish or city where it operates. Some trades also need a state license from their own board. A Gray, LA business deals with Terrebonne Parish, LA for the local license.
How Much Is a Business License in Louisiana for a Gray, LA Shop?
Fees are set by each office and can depend on the type of business and its gross receipts, so the current figure comes from the office itself. The Terrebonne Parish, LA occupational license guide explains what to ask the parish. Partners reading a funding request can ask for proof that the business is licensed, so keep current copies with the business records.
How to Register a Business Name in Louisiana
Corporations, LLCs and partnerships register with the Louisiana Secretary of State, and a sole proprietor using a name other than their own can register a trade name. geauxBIZ is the state's online portal for those filings and for searching existing names. The registered name should match the name on the business bank account and on any funding request.
What Is an Occupational License in Louisiana?
An occupational license is a local tax license that Louisiana parishes and cities issue to businesses operating within their bounds; ask the parish which businesses need one and when it renews. It is separate from any state professional license. A funding partner treats a current occupational license as one sign that a business is operating in good standing.
How to Get a Small Business Loan in Louisiana: A Gray, LA Welder Purchase
The steps are the same as anywhere: describe the purchase or bill, match it to a funding type, and let a partner review the records. Illustration only, invented figures: a Gray, LA welding contractor buys a $44,000 truck-mounted welder, puts $4,400 down and finances the rest over 60 months at an invented 9.6% annual rate, roughly $834 a month (our arithmetic). Equipment financing and working capital cover a machine and a cash gap, and the trade pages go by industry.
The Houma, LA page and the areas served page have more local figures.
Trades and Industries Partners Review Within Gray, LA
A Gray, LA request can come from almost any type of local business; common examples are contractors and construction trades, restaurants and food service, medical and dental practices and retailers and wholesalers that carry stock. The partner reading the file reaches a decision by its own standards.
Records to Line Up for Gray, LA Applicants
- The latest business tax return plus any personal returns a partner asks for
- A current profit and loss statement and the latest balance sheet
- Government-issued photo ID for anyone who holds an ownership stake
- Formation papers such as articles of organization, and the EIN confirmation from the IRS
- A list of current business debts and the payment due on each every month
- For equipment requests, the seller's quote stating the equipment and what it costs
Partners set their own document lists, so plan on these items at minimum.
How a Request Proceeds for Gray, LA Employers
- Start with a call to (985) 256-3087 or fill in the form with a few words on the purpose.
- The request goes to partners that handle this type of funding.
- A partner reviews the request, and only the partner makes the decision.
- If an offer comes back, compare the total cost, payment schedule and terms; turning it down is always fine.
Owners in Gray, LA can take every step by phone or through the form.
By Tealford Business Capital ยท Updated