2017 Hurricane Recovery: You may be eligible for an SBA loan deferment

SBA to Close Los Islenos and Hopedale Business Recovery Centers (Chalmette center to remain open)

SACRAMENTO – Michael Ricks, District Director of the U.S. Small Business Administration’s (SBA) Louisiana District Office, today announced that SBA is closing its Business Recovery Centers (BRC) in Los Islenos and Hopedale. The Los Islenos center will close Friday, September 17. The Hopedale center will close Thursday, September 30.
Until the centers close, SBA will continue to provide one-on-one service to victims of the Deepwater BP Oil Spill at those locations. The Los Islenos center is located at the Los Islenos Museum at 1345 Bayou Road in St. Bernard and is open from 8 am to 5 pm Mondays through Fridays. The Hopedale center is located at 7601 Hopedale Highway in Hopedale and is open from 9 am to 4 pm Mondays through Fridays.

“SBA opened the centers on May 10 to meet with business owners who suffered economic losses as a result of the BP oil spill that began on April 20. Our customer service representatives have personally met with 2,233 business owners in the Hopedale and Los Islenos communities to provide information about SBA’s disaster assistance programs,” said Ricks. “SBA’s BRC in Chalmette will remain open. We continue to see the majority of our St. Bernard Parish clients in this center,” he continued. The Chalmette BRC is located at the Gulf Coast Bank & Trust Company, 1801 East Judge Perez Drive. The center is open Mondays through Fridays from 9 am to 4 pm.

“Since May 5, 34 parishes have been included in declarations for disaster assistance by SBA Administrator Karen Mills. Since that time, SBA has met with 20,584 business owners throughout the state and has approved over $12 million in low interest loans to Louisiana businesses,” Ricks said. Additionally, the agency has granted deferments on 316 existing SBA disaster loans to small businesses and 281 disaster loans to homeowners in Louisiana.

Mills’ declaration made SBA’s Economic Injury Disaster Loans (EIDLs) available to small businesses. These are working capital loans up to $2 million at an interest rate of 4 percent with terms that can go up to 30 years. No payment is due for one year.

The loans may be used by small businesses to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. These loans can provide vital economic assistance to businesses experiencing a temporary loss of revenue and/or increased costs as a result of the BP oil spill and the drilling moratorium.

SBA strongly encourages businesses to also file claims with BP. These SBA disaster loans may help meet urgent financial needs until claims with BP are settled. Any BP claim settlements may be used to repay these SBA loans.

Counselors from LSBDC are also available at each center to provide post-disaster counseling on how to best overcome the effects of the disaster, and a variety of management, financial and marketing assistance, including how to adapt a business model to post-disaster changes in markets, supplier relationships, employee sources and other key factors. All of these counseling services are free.

The locations, days and times of operations of the BRCs are as follows. No appointment is necessary to meet with any representative.

Business Recovery Center
LSBDC Greater New Orleans Region
UNO Jefferson Center
3330 N. Causeway, Suite 427
Metairie, LA 70002
Mondays through Fridays
8:30 am - 5 pm
Business Recovery Center
Grand Isle Community Center
The Rotary Room
3811 Highway 1
Grand Isle, LA 70358
Mondays through Fridays
8 am - 5 pm
Business Recovery Center
South Lafourche Public Library
16241 East Main Street
Cut Off, LA 70345
Mondays through Thursdays
9 am - 6 pm
9 am - 5 pm
Business Recovery Center
4375 Michoud Boulevard
New Orleans, LA 70129
Mondays through Fridays
8 am - 5 pm
Business Recovery Center
St. Patrick’s Church
Family Life Center
28698 Highway 23
Port Sulphur, LA 70083
Mondays through Fridays
9 am - 5 pm
Business Recovery Center
Seedco Financial Southeast Louisiana Fisheries Assistance Center
212 Avenue G
(near Belle Chasse Ferry)
Belle Chasse, LA 70037
Mondays through Fridays
9 am - 5 pm
Business Recovery Center
Gulf Coast Bank & Trust Company
1801 East Judge Perez Drive
Chalmette, LA 70043
Mondays through Fridays
9 am - 4 pm
Business Recovery Center
1330 Bayou Lane
Trailer 102
(Near the corner of Pennsylvania Avenue)
Slidell, LA 70460
Mondays through Fridays,
8 am - 5 pm
Business Recovery Center
TPCG Government Tower
8026 Main Street
Houma, LA 70361
Mondays through Fridays
8 am - 5 pm



In addition, small businesses in parishes included in the declaration that are currently repaying an existing SBA disaster loan may request a deferment. For information on seeking a deferment, small business owners may visit one of the Business Recovery Centers or contact SBA’s Customer Service Center at (800) 659-2955.

SBA also is encouraging private lenders to consider deferment relief on a case-by-case basis for small businesses with SBA-guaranteed 7(a) or 504 loans. Small businesses should contact their lender to request deferment consideration.

Business owners who are unable to visit a center may obtain loan information and application forms by calling SBA’s Customer Service Center at (800) 659-2955, or (800) 877-8339 for the hearing impaired, e-mailing disastercustomerservice@sba.gov, or by using SBA’s Web site at www.sba.gov/services/ disasterassistance. They may also apply online using the Electronic Loan Application (ELA) via SBA’s secure Web site at https://disasterloan.sba.gov/ela.

The deadline to apply for these loans is February 7, 2011.

SBA Field Operations Center - West, P.O. Box 419004, Sacramento, CA 95841

Release Number: 
LA 12163-07
Release Date: 
Wednesday, September 15, 2010 - 4:00am
Richard Jenkins (916) 735-1500
Related State: 
Field Operations Center: