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Disaster Press Releases

LA 13271-06 SBA Approves Over $63 Million in Disaster Loans to Louisiana Residents and Businesses

SACRAMENTO – U.S. Small Business Administration (SBA) District Director Michael Ricks announced today that SBA has approved over $63 million in Federal disaster loans to Louisiana homeowners, renters and businesses who sustained damage from Hurricane Isaac.

According to Ricks, SBA has approved $60 million in loans to 1,865 residents and $3.2 million in loans to 90 businesses and private, nonprofit organizations impacted by the disaster.

“SBA’s disaster assistance employees are committed to helping Louisiana residents rebuild their homes and businesses as quickly as possible,” said Ricks.  Individuals and business owners who sustained property damage are encouraged to first register with the Federal Emergency Management Agency (FEMA) prior to the October 30, 2012, deadline by calling the tele-registration number at (800) 621 3362.  Individuals who are deaf or hard-of-hearing may call TTY (800) 462-7585.  “Don’t miss out on any assistance you may be entitled to by not registering for help,” Ricks added.

Disaster loans up to $200,000 are available to homeowners to repair or replace their damaged or destroyed primary residence.  Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property. 

Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  The SBA can also lend additional funds to help homeowners and business owners with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.

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 (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any property damage.

Interest rates can be as low as 1.688 percent for homeowners and renters, 4 percent for businesses, and 3 percent for private, non profit organizations, with terms up to 30 years.  Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

Applicants may apply for an SBA disaster loan online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela

Residents and business owners may obtain information on SBA disaster loans by calling SBA’s Customer Service Center toll-free at (800) 659 2955, emailing disastercustomerservice@sba.gov or visiting SBA’s Web site at www.sba.gov/services/disasterassistance.  Individuals who are deaf or hard-of-hearing may call (800) 877 8339.

SBA continues to provide one-on-one disaster assistance to individuals and business owners throughout the affected area at 21 State/Federal Disaster Recovery Centers (DRC) and 6 Business Recovery Centers (BRC).

SBA customer service representatives are available to help residents and business owners at the following recovery centers on the days and times indicated.  No appointment is necessary.

IBERVILLE PARISH
Disaster Recovery Center
Utility Department Office
59805 Bayou Road
Plaquemine, LA  70764
Mondays – Saturdays
8:00 am to 6:00 pm
Closes Saturday, Oct. 13 at 6:00 pm

JEFFERSON PARISH
Business Recovery Center
JEDCO
700 Churchill Parkway
Avondale, LA  70094
Mondays & Tuesdays
8:30 am – 4:30 pm
Closes Tuesday Oct. 16 at 4:30 pm

JEFFERSON PARISH
Disaster Recovery Center
Lafitte Town Hall
2654 Jean Lafitte Boulevard
Lafitte, LA  70067
Mondays – Saturdays
8:00 am to 6:00 pm

JEFFERSON PARISH
Disaster Recovery Center
Greater New Orleans Estelle Playground
Jefferson Parish Parks and Recreation
5801 Leo Kerner Lafitte Parkway
Marrero, LA  70072
Mondays – Saturdays
8:00 am to 6:00 pm
Closes Tuesday, Oct. 16 at 6:00 pm

JEFFERSON PARISH
Business Recovery Center
UNO Jefferson Center
3330 North Causeway Boulevard,
Suite 422
(at the rear door of the building)
Metairie, LA  70002
Mondays – Fridays
8:30 am to 4:30 pm

JEFFERSON PARISH
Disaster Recovery Center
Mike Miley Playground
6716 West Metairie Road
Metairie, LA  70003
Mondays – Saturdays
8:00 am to 6:00 pm

JEFFERSON PARISH
Business Recovery Center
Coastal Communities Consulting
Hong Kong Shopping Center
925 Behrman Highway, Suite 17
Terrytown, LA  70056
Mondays - Fridays
9:00 am to 5:00 pm

LIVINGSTON PARISH
Disaster Recovery Center
Satsuma Village Mall
28975 South Satsuma Road, Suite D
Livingston, LA  70754
Mondays – Saturdays
8:00 am to 6:00 pm

LIVINGSTON PARISH
Disaster Recovery Center
American Legion
24195 Highway 22
Maurepas, LA  70449
Mondays – Saturdays
8:00 am to 6:00 pm
Closes Wednesday, Oct. 17 at 6:00 pm

ORLEANS PARISH
Business Recovery Center
JOB 1 Business and Career Solution Center
Goodwill Building
3400 Tulane Avenue, Suite 2400
New Orleans, LA  70119
Mondays - Fridays
8:30 am to 5:00 pm

ORLEANS PARISH
Disaster Recovery Center
New Orleans Public Library
East New Orleans Regional Library
5641 Read Boulevard
New Orleans, LA  70127
Mondays – Thursdays
10:00 am to 7:00 pm
Saturdays
10:00 am to 5:00 pm

ORLEANS PARISH
Disaster Recovery Center
New Orleans Public Library
Robert E. Smith Branch
6301 Canal Boulevard
New Orleans, LA  70124
Mondays – Thursdays
10:00 am to 7:00 pm
Saturdays
10:00 am to 5:00 pm

ORLEANS PARISH
Disaster Recovery Center
New Orleans Public Library
Algiers Regional Branch
3014 Holiday Drive
New Orleans, LA  70131
Mondays – Thursdays
10:00 am to 7:00 pm
Saturdays
10:00 am to 5:00 pm

ORLEANS PARISH
Disaster Recovery Center
New Orleans Public Library
Main Library
219 Loyola Avenue
New Orleans, LA  70112
Mondays – Thursdays
10:00 am to 6:00 pm
Fridays & Saturdays
10:00 am to 5:00 pm

PLAQUEMINES PARISH
Business Recovery Center
Seedco Financial
Fisheries Assistance Center
8018 Highway 23 (Regions Bank Building)
Belle Chasse, LA  70037
Wednesdays, Thursdays & Fridays
8:30 am to 4:00 pm

PLAQUEMINES PARISH
Disaster Recovery Center
Belle Chasse Auditorium
8398 Highway 23
Belle Chasse, LA  70037
Mondays – Saturdays
8:00 am to 6:00 pm

PLAQUEMINES PARISH
Disaster Recovery Center
Bethlehem Baptist Church
111 Bethlehem Street
Braithwaite, LA  70040
Mondays – Saturdays
8:00 am to 6:00 pm

PLAQUEMINES PARISH
Disaster Recovery Center
Plaquemines Parish Government Center
28028 Highway 23
Port Sulphur, LA  70083
Mondays – Saturdays
8:00 am to 6:00 pm

ST. BERNARD PARISH
Disaster Recovery Center
Frederick J. Sigur Civic Center
3220 Jean Lafitte Parkway
Chalmette, LA  70043
Mondays – Saturdays
8:00 am to 6:00 pm

ST. CHARLES PARISH
Disaster Recovery Center
Village Square Shopping Center
737 Paul Maillard Road, Suite A
Luling, LA  70070
Mondays – Saturdays
8:00 am to 6:00 pm

ST. JOHN THE BAPTIST PARISH
Business Recovery Center
Business Resource Center
2015 West Airline Highway
LaPlace, LA  70068
Thursdays & Fridays
8:30 am to 5:00 pm
Closes Friday, Oct. 12 at 5:00 pm

ST. JOHN THE BAPTIST PARISH
Disaster Recovery Center
1931 West Airline Highway
LaPlace, LA  70068
Mondays – Saturdays
8:00 am to 6:00 pm

ST. TAMMANY PARISH
Business Recovery Center
St. Tammany EDF
21489 Koop Drive
Mandeville, LA  70471
Mondays & Tuesdays
8:30 am to 4:00 pm

ST. TAMMANY PARISH
Disaster Recovery Center
Mandeville Public Works Department
1100 Mandeville High Boulevard
Mandeville, LA  70471
Mondays – Saturdays
8:00 am to 6:00 pm

ST. TAMMANY PARISH
Business Recovery Center
City Hall, Mayor’s Office
2055 Second Street, 2nd Floor
Slidell, LA  70458
Thursday & Fridays
8:30 am to 4:00 pm
Closes Friday, Oct. 12 at 4:00 pm

ST. TAMMANY PARISH
Disaster Recovery Center
St. Tammany Parish
Administrative Complex
Towers Building
520 Old Spanish Trail
Slidell, LA  70458
Mondays – Saturdays
8:00 am to 6:00 pm

TANGIPAHOA PARISH
Disaster Recovery Center
208 East Oak Street
Amite, LA  70422
Mondays – Saturdays
8:00 am to 6:00 pm
Closes Saturday, Oct. 20 at 6:00 pm

TANGIPAHOA PARISH
Disaster Recovery Center
Tower Road Office Warehouse
282 Tower Road
Ponchatoula, LA  70454
Mondays – Saturdays
8:00 am to 6:00 pm
Closes Tuesday, Oct. 16 at 6:00 pm

TERREBONNE PARISH
Disaster Recovery Center
American Legion
602 Legion Avenue
Houma, LA  70364
Mondays – Saturdays
8:00 am to 6:00 pm

SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841
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Release Number: 
LA 13271-06
Release Date: 
Friday, October 12, 2012
Contact: 
Richard Jenkins (916) 735-1500
Related State: 
Louisiana
Field Operations Center: 
West