SBA providing disaster assistance
LAKE CHARLES, Louisiana (KPLC) – The United States Small Business Administration provides low-interest disaster loans to non-farm businesses, private nonprofits, landlords and tenants.
Loans are available for those who suffered losses from Hurricane Laura in Allen Parish, Beauregard Parish, Calcasieu Parish, Cameron Parish and Jefferson Davis Parish.
There are several types of loans available:
Owners: Up to $ 200,000 to repair or replace property damage and up to $ 40,000 to replace personal property.
Tenants: Up to $ 40,000 to repair or replace personal property.
Property damage: Up to $ 2,000,000 to repair or replace property, machinery and equipment, inventory and other assets that have been damaged or destroyed (available for businesses of any size and private non-profit organizations ).
Economic damage: Only for small businesses and most private non-profit organizations suffering from the negative financial impacts of the disaster (with or without loss of assets), up to $ 2,000,000 for working capital to help pay off obligations until normal operations resume.
Individuals can apply for loans at https://disasterloanassistance.sba.gov.
For additional assistance, the SBA has set up a virtual outreach disaster lending center that is open Monday through Sunday, 8:00 a.m. to 8:00 p.m. EDT. They can be contacted by email: [email protected] or by phone at 800-659-2955.
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