BATON ROUGE, La. – Low-interest federal disaster loans are now available to Louisiana businesses and residents in Ascension, Assumption, Lafourche, Jefferson, St. Charles, St. James, St. John the Baptist, St. Mary and Terrebonne parishes as a result of Hurricane Francine.
FEMA partners with other agencies to help meet the needs of disaster survivors. The U.S. Small Business Administration (SBA) offers low-interest disaster loans not only to businesses and nonprofits, but also to homeowners and renters in a declared major disaster area.
You may have been referred to SBA after applying for FEMA disaster assistance. If you still have unmet needs, loans may help with home repair or replacement, personal property, vehicles, mitigation, business losses, and working capital for small business and most private nonprofits.
Homeowners may be eligible for a disaster loan up to $500,000 for primary residence structural repairs or rebuilding. SBA may also be able to help homeowners and renters with up to $100,000 to replace important personal property, including automobiles damaged or destroyed in the disaster. SBA staff are available at FEMA Disaster Recovery Centers. To find the location closest to you, visit DRC Locator (fema.gov)...
Click here to read the full release.
