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WHAT TYPES OF DISASTER LOANS ARE AVAILABLE?
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.
WHAT YOU NEED TO DO
♦ 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.
THREE WAYS TO APPLY TO SBA
♦ Apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at: https://disasterloan.sba.gov/ela.
♦ Apply in person and receive personal, one-on-one help from an SBA representative. For additional information or to find a location near you visit our Web site at: http://www.sba.gov/content/current-disaster-declarations or call SBA at (800) 659-2955. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.
Business Recovery Centers will open at the times and locations below:
Jefferson Parish
Coastal Communities Consulting
Hong Kong Shopping Center
925 Behrman Highway, Suite 17
Terrytown, LA 70056
Thursdays & Fridays, 8:30 am to 4:30 pm
Opens Friday, September 7
Jefferson Parish
UNO Jefferson Center
3330 North Causeway Boulevard, Suite 422
Metairie, LA 70002
Mondays – Fridays, 8:30 am to 4:30 pm
Opens Friday, September 7
Jefferson Parish
JEDCO
700 Churchill Parkway
Avondale, LA 70094
Mondays & Tuesdays, 8:30 am to 4:30 pm
Opens Monday, September 10
Orleans Parish
JOB 1 Business and Career Solution Center
Goodwill Building
3400 Tulane Avenue, Suite 2400
New Orleans, LA 70119
Mondays & Tuesdays, 8:30 am to 5:00 pm
Opens Monday, September 10
Plaquemines Parish
Fisheries Assistance Center
8018 Hwy 23 (Regions Bank Building)
Belle Chasse, LA 70037
Mondays – Fridays, 8:30 am to 4:30 pm
Opens Monday, September 10
St. Bernard Parish
Gulf Coast Bank
1801 East Judge Perez Drive
Chalmette, LA 70043
Mondays, Tuesdays & Wednesdays
9:00 am to 4:30 pm
Opens Monday, September 10
St. John the Baptist Parish
Business Resource Center
2015 West Airline Highway
La Place, LA 70068
Thursdays & Fridays
8:30 am to 5:00 pm
Opens Thursday, September 13
St. Tammany Parish
St. Tammany EDF
21489 Koop Drive
Mandeville, LA 70471
Mondays & Tuesdays, 8:30 am to 4:00 pm
Opens Monday, September 10
St. Tammany Parish
City of Slidell Mayor’s Office
2055 Second Street, 2nd Floor
Slidell, LA 70458
Thursday & Fridays, 8:30 am to 4:00 pm
Opens Friday, September 7
♦ Apply by mail: complete a paper application and mail it to SBA at: 14925 Kingsport Rd., Ft. Worth, TX 76155-2243.
