SBA Disaster Loan Outreach Center to Close in New Orleans

SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA will close its New Orleans Disaster Loan Outreach Center in Orleans Parish at 5:30 p.m. on Wednesday, April 13.

“SBA opened the center to provide personalized assistance to Louisiana businesses and residents who were affected by the Hurricane Ida that occurred Aug. 26 ‑ Sept. 3, 2021. Until the center closes, SBA customer service representatives will continue to be available to meet with businesses and residents to answer their questions, explain SBA’s disaster loan program and close their approved disaster loans,” said Garfield.

Businesses and residents can meet with SBA representatives on the days and times as indicated below. No appointment is necessary.

ORLEANS PARISH

Disaster Loan Outreach Center

New Orleans Public Library – Main Library

First Floor

219 Loyola Ave.

New Orleans, LA  70112

Mondays – Thursdays, 10:30 a.m. – 5:30 p.m.

Fridays – Saturdays, 10:30 a.m. – 4:30 p.m.

Closes 5:30 p.m. Wednesday, April 13

Even though the deadline to apply for a loan for property damage has passed, small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size still have until May 31, 2022, to apply for an economic injury disaster loan to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. Business owners may apply online using SBA’s secure website at https://disasterloanassistance.sba.gov/.

So far, SBA has approved more than $1 billion in federal disaster loans for Louisiana businesses and residents impacted by Hurricane Ida. According to Garfield, SBA has approved $106,768,700 for businesses and $1,181,634,900 for residents to help rebuild and recover from this disaster.

Interest rates are 2.855 percent for businesses and 2 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

To receive additional disaster assistance information, visit SBA’s website at www.sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

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