SBA Offers Loans To Help Businesses And Residents Affected By Ida
The US Small Business Administration is offering low-interest federal disaster disaster loans to businesses and residents of Louisiana affected by Hurricane Ida, SBA Administrator Isabella Casillas Guzman said.
The loans are part of the relief made available by the Major Disaster Declaration, which was requested by Governor John Bel Edwards and approved by President Joe Biden. The declaration opens the door to a multitude of federal resources.
The statement covers Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Pointe Coupée, Saint-Bernard, Saint-Charles, Sainte-Hélène, Saint-James, Saint-Jean Baptist, St. Martin, St. Mary, St. Tammany, Tangipahoa, Terrebonne, Washington, West Baton Rouge and West Feliciana parishes.
“The mission-oriented SBA team is ready to help small businesses and residents of Louisiana affected by Hurricane Ida,” Guzman said in a statement. “We are committed to providing federal disaster loans quickly and efficiently, with a client-centered approach to help businesses and communities recover and rebuild. “
The SBA on Tuesday opened a virtual business recovery center to provide assistance to business owners and will open a virtual disaster loan awareness center to assist homeowners and tenants.
Both centers operate Monday to Sunday from 7 a.m. to 7 p.m. The email address is [email protected] and the phone number is (800) 659-2955.
Businesses of all sizes and nonprofits can borrow up to $ 2 million to replace or repair damaged property. The SBA can also lend money to pay for improvements to minimize future damage from disasters.
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Loans of up to $ 200,000 are available for homeowners to repair or replace damaged property, and homeowners and tenants can borrow up to $ 40,000 to replace damaged or destroyed personal property.
Interest rates can be as low as 2.855% for businesses, 2% for nonprofits, and 1.563% for landlords and tenants with terms of up to 30 years.
To request assistance, contact the Federal Emergency Management Agency at assistancecatastrophe.gov. Applicants can apply online, receive additional information about disaster assistance, and download applications at catastropheloanassistance.sba.gov.
Applicants can also call the SBA Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA Disaster Assistance. People who are deaf or hard of hearing can call (800) 877-8339. Completed applications should be mailed to US Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.