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Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $1 billion in federal disaster loans for Louisiana businesses and residents impacted by Hurricane Ida that occurred Aug. 26 ‑ Sept. 3, 2021. According to Garfield, SBA has approved $56,456,600 for businesses and $964,745,200 for residents to help rebuild and recover from this disaster.
“Hurricane Ida left a trail of damage, and the SBA swiftly deployed its disaster teams across eight states to help countless small businesses, nonprofits, and individual residents get the financial support needed to rebuild,” said Administrator Isabella Casillas Guzman. “The SBA continues to scale to ensure disaster-impacted communities can focus on recovery and powering our nation’s economy.”
“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Garfield. Businesses and residents in Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupee, St. Bernard, St. Charles, St. Helena, St. James, St. Martin, St. Mary, St. Tammany, St. John the Baptist, Tangipahoa, Terrebonne, Washington, West Baton Rouge and West Feliciana parishes who sustained damages are encouraged to register prior to the Nov. 29, 2021, deadline with the Federal Emergency Management Agency at www.disasterassistance.gov. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.
“In addition, SBA previously announced that SBA customer service representatives and Louisiana Small Business Development Center advisors are available at the following six SBA Business Recovery Centers to meet individually with each business owner and to answer questions about SBA’s disaster loan program, explain the application process and help each business owner complete their electronic loan application,” Garfield continued.
The following business recovery centers are open until further notice.
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Business Recovery Centers |
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LAFOURCHE PARISH Callais Office Supply 14402 West Main St. Cut Off, LA 70345 Thursday – Friday, 9 a.m. – 4 p.m.
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LAFOURCHE PARISH South Louisiana Economic Council Nicholls State University 322 Audubon Ave. Thibodaux, LA 70310 Monday – Wednesday, 9 a.m. – 5:30 p.m. |
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ORLEANS PARISH New Orleans Regional Black Chamber of Commerce The Beach at the University of New Orleans Advanced Technology Center 2021 Lakeshore Drive, Third Floor New Orleans, LA 70122 Monday – Wednesday, 9 a.m. – 4 p.m. BY APPOINTMENT ONLY email FOCWAssistance@SBA.gov with the subject “Appointment Requested” |
ST. JOHN THE BAPTIST PARISH River Region Chamber of Commerce 390 Belle Terre Blvd. LaPlace, LA 70068 Monday – Wednesday, 9 a.m. – 5:30 p.m. |
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TANGIPAHOA PARISH Southeastern Louisiana Business Center Small Business Development Center 1514 Martens Drive Hammond, LA 70401 Thursdays – Saturdays, 9 a.m. – 5:30 p.m. |
TERREBONNE PARISH East Houma Public Library Meeting Room 778 Grand Caillou Road Houma, LA 70363 Thursdays, 9 a.m. – 5:30 p.m. Fridays – Saturdays, 9 a.m. – 4:30 p.m. |
SBA representatives also continue to meet with business owners and residents at disaster recovery centers located throughout the impacted area.
For a list of locations, or to receive additional disaster assistance information, visit SBA’s website at https://disasterloanassistance.sba.gov/ela/s/disaster-details?recordId=a0et0000008tYqNAAU .
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA can also lend additional funds to help business and residents with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses and most private nonprofit organizations of all sizes, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. The deadline to apply for economic injury is May 31, 2022.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 2.855 percent for businesses, 2 percent for private nonprofit organizations and 1.563 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
