The SBA isn’t just there to help with your business crises. In response to Hurricane Gustav, the SBA sent more than 125 customer service representatives to Louisiana. They will work with the Louisiana Economic Development Department to take care of Louisiana’s small business needs.
Among the help provided will be the creation of five Business Assistance Centers, workshops, and access to computers. The Business Assistance Centers will concentrate on issuing loan applications, answer questions about the disaster loan program, and help facilitate the application process.
For disaster relief, businesses can borrow up to two million to repair or replace real estate, machinery, equipment, inventory, and other assets. For homeowners and renters, there are loans available to borrow up to $200,000 for real estate, and up to $40,000 for personal property.
Because of the disaster status of the region, the SBA is working with State and local officials and organizations to offer these loans to homeowners, renters, non-profits, and businesses of all sizes. If you need assistance, you can speak with a SBA counselor at a Customer Assistance center at 800-659-2955.
