SBA loan information, locations

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wwltv.com

Posted on September 6, 2012 at 10:16 AM

Updated Friday, Oct 4 at 5:02 PM

Types of Loans:

Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate or personal property owned by the victim. Renters are eligible for their personal property losses, including automobiles.
 
Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
 
Economic Injury Disaster Loans (EIDLs) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
 
EIDL assistance is available only to entities and their owners who cannot provide for their own recovery from non-government sources, as determined by the U.S. Small Business Administration (SBA).

What you need to know:

  • If you are a homeowner or renter, FEMA may refer you to SBA. SBA disaster loans are the primary source of money to pay for repair or replacement costs not fully covered by insurance or other compensation. 
  • SBA offers low-interest disaster loans to homeowners, renters, businesses of all sizes and private, non-profit organizations. 
  • Homeowners may borrow up to $200,000 to repair or replace their primary residence. 
  • Homeowners and renters may borrow up to $40,000 to replace personal property. 
  • Businesses may borrow up to $2 million for any combination of property damage or economic injury. 
  • SBA offers low-interest working capital loans (called Economic Injury Disaster Loans) to small businesses, small businesses engaged in aquaculture and most private, nonprofit organizations of all sizes having difficulty meeting obligations as a result of the disaster.

Registration:

Begin by registering with FEMA, if you haven’t already done so, call (800) 621-3362.
 
Homeowners and renters should submit their SBA disaster loan application, even if they are not sure if they will need or want a loan. If SBA cannot approve your application, in most cases they refer you to FEMA’s Other Needs Assistance (ONA) program for possible additional assistance.
 
Apply on-line using the Electronic Loan Application (ELA) via SBA’s secure Web site at: https://disasterloan.sba.gov/ela.

Locations:

Orleans Parish
19808 Chef Menteur Hwy.
New Orleans, LA 70129
Hours: 11 a.m. to 5 p.m. on Monday, 9/3, Labor Day only.
Tuesday forward: 8 a.m. to 6 p.m. until further notice

Jefferson Parish

Lafitte Town Hall
2654 Jean Lafitte Boulevard
Lafitte, La. 70067
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice

Grand Isle Multiplex Center
3101 LA Highway 1
Grand Isle, La. 70037
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice

St. Bernard Parish
3220 Jean Lafitte Blvd.
Chalmette, LA 70043
Hours: 11 a.m. to 5 p.m. on Monday, 9/3, Labor Day only.
Tuesday forward: 8 a.m. to 6 p.m. until further notice

Plaquemines Parish
Belle Chasse Auditorium
8398 Hwy. 23
Belle Chasse, La. 70037
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice

St. John Parish
1931 W. Airline Hwy.
LaPlace, La. 70068
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice

Lafourche Parish
Lafourche Parish Government Mathews Complex
4876 Highway 1
Mathews, LA 70375
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice

St. Tammany Parish

Towers Building
520 Old Spanish Trail
Slidell, La. 70458
Saturday, Sept. 1, 11 a.m. to 5 p.m.
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice

Mandeville Public Works Department
11oo Mandeville High Boulevard
Mandeville, La. 70471
Saturday, Sept. 1, 11 a.m. to 5 p.m.
Hours: 8 a.m. to 6 p.m. starting Sept. 2 until further notice


You can also get help at SBA Business Recovery Centers.

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