Business Recovery Centers Address Schedule/Hours
ST. MARY PARISH
St. Mary Parish Chamber of Commerce
727 Myrtle Street
Morgan City, LA 70380
Opens Thursday, September 19
Mondays – Fridays: 8:00 am – 5:00 pm CT
Saturdays: 10:00 am – 2:00 pm CT
TERREBONNE PARISH
Terrebonne Parish Library (North Branch)
4130 W Park Avenue
Gray, LA 70359
Opens Thursday,
September 19
Mondays – Fridays: 8:30 am – 5:00 pm CT
Saturdays: 10:00 am – 2:00 pm
SACRAMENTO, Calif. – Low-interest federal disaster loans are now available to Louisiana businesses
and residents as a result of President Biden’s major disaster declaration, U.S. Small Business
Administration’s Administrator Isabella Casillas Guzman announced.
The declaration covers Ascension, Assumption, Lafourche, St. Charles, St. James, St. John the Baptist,
St. Mary, and Terrebonne parishes, as a result of Hurricane Francine that occurred Sept. 9 – 12.
“SBA’s mission-driven team stands ready to help Louisiana’s small businesses and residents impacted
by Hurricane Francine,” said Administrator Guzman. “We’re committed to providing federal disaster
loans swiftly and efficiently, with a customer-centric approach to help businesses and communities
recover and rebuild.”
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 help with the cost of improvements to protect, prevent
or minimize 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 to help
meet working capital needs caused by the disaster. Economic injury assistance is available to
businesses regardless of any property damage.
Disaster loans up to $500,000 are available to homeowners to repair or replace damaged or destroyed
real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or
destroyed personal property, including personal vehicles.
Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit
organizations and 2.813 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.
Interest does not begin to accrue until 12 months from the date of the first disaster loan
disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.
As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will
provide one-on-one assistance to disaster loan applicants. Additional information and details on the
location of disaster recovery centers is available by calling the SBA Customer Service Center at
(800) 659-2955.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As
the only go-to resource and voice for small businesses, backed by the strength of the federal
government, the SBA empowers entrepreneurs and small business owners with the resources and
support they need to start, grow, expand their businesses, or recover from a declared disaster. It
delivers services through an extensive network of SBA field offices and partnerships with public and
private organizations. To learn more, visit http://www.sba.gov.
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