Small Business Administration to
Offer Disaster Assistance to Residents
Affected by August 5 Flooding
Outreach Center
will open tomorrow, August 23
NEW ORLEANS – Today, Mayor
Mitch Landrieu announced that the U.S. Small Business Administration (SBA) will offer low-interest federal disaster loans to
Louisiana businesses and residents affected by flooding that occurred August
4-6, including August 5 flooding in New Orleans.
Loans
are open to businesses of all sizes, most private nonprofit organizations,
homeowners, and renters whose property was damaged or destroyed by the
flooding. The disaster declaration makes SBA assistance available in
Jefferson, Orleans, Plaquemines, St. Bernard and St. Tammany parishes.
Beginning Wednesday, Aug. 23 through Thursday, Sept. 14,
SBA representatives will be on hand at the Disaster Loan Outreach Center to
answer questions about SBA’s disaster loan program, explain the application
process and help each individual complete their application. The center (Mid-City Library, 4140 Canal St. on the second floor in the Long Room) will be open from 10 a.m.
until 7 p.m. Monday through Thursday and from 10 a.m. until 5 p.m. on Fridays.
The Center will be closed in observance of Labor Day on Monday, Sept. 4.
For small
businesses, small agricultural cooperatives, small businesses engaged in
aquaculture and most private nonprofit organizations of any size, 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.
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.
Applicants can apply online, receive
additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants can 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. The filing deadline to return applications for
property damage is Oct. 23, 2017. The deadline to return economic injury
applications is May 22, 2018.
SBA declared a disaster in
response to a request received from Gov. John Bel Edwards on Aug. 17, 2017.
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