SBA moves Disaster Loan Outreach Center to Napoleonville

SBA Disaster News

SACRAMENTO, Calif. – Director Michael Ricks of the U.S. Small Business Administration’s (SBA) Louisiana District Office today announced a change in location of its Disaster Loan Outreach Center scheduled to open in Assumption Parish next week. According to Ricks, the center that SBA initially planned to open in Paincourtville will now open at the Assumption Parish Police Jury Administration Building in Napoleonville.

SBA is opening this center to provide personalized assistance to Louisiana businesses and residents who were affected by the severe weather and straight-line winds that occurred on May 19, 2016,” said Ricks. Low-interest federal disaster loans are available to businesses of all sizes, most private nonprofit organizations, homeowners and renters whose property was damaged or destroyed by this disaster.

Beginning Monday, June 13, SBA representatives will be on hand at the Napoleonville Disaster Loan Outreach Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their application,” Ricks continued. The center will be open on the days and times indicated below. No appointment is necessary.

Businesses of all sizes 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. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to 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.

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

Interest rates can be as low as 4 percent for businesses, 2.625 percent for private nonprofit organizations and 1.625 percent for homeowners and renters 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 online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.SBA.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing DisasterCustomerService@SBA.gov. Individuals who are deaf or hard of hearing may call (800) 877-8339. For more disaster assistance information or to download applications, visit SBA.gov/Disaster. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The filing deadline to return applications for property damage is Aug. 8, 2016. The deadline to return economic injury applications is March 9, 2017.

The Disaster Loan Outreach Center will open at 8 a.m. Monday, June 13 and close at 5 p.m. Thursday, June 23

Assumption Parish Police Jury

Administration Building

4813 La. 1, Napoleonville

Monday - Friday, 8 a.m. to 5 p.m.