Northeast LA. Disaster Assistance
U.S. Small Business Administration Disaster Loan Applications
Fact Sheet: Ouachita Parish, October 2014 Storms
Who qualifies:
Homeowners, renters, and businesses of any size, including most private nonprofit organizations and small agricultural cooperatives, in Ouachita Parish and the contiguous Caldwell, Jackson, Lincoln, Morehouse, Richland, and Union Parishes.
Eligibility:
Damaged property must be within the declared parishes, and applicant must be able to demonstrate good credit history, the ability to repay, and adequate collateral if necessary.
Loans:
Home Disaster Loans: Homeowners may apply for a loan of up to $200,000 to repair or replace their primary residence and may also qualify for a loan for repairs to mitigate future risk. Homeowners and renters may also apply for a loan of up to $40,000 to replace damaged personal property.
Business Physical Disaster Loans: Qualified businesses or private nonprofit organizations may apply for a loan up to $2 million to repair or replace eligible disaster-related damages not fully covered or an additional loan for repairs to mitigate future risk.
Economic Injury Disaster Loans (EIDL): Qualified small businesses, small agricultural cooperatives, or private nonprofit organizations that cannot recover on their own may apply for a working capital loan of up to $2 million for economic injury due to disaster.
Deadline:
Psychical Damage: January 20,2015
Economic Injury: August 18, 2015
How to apply:
Online: https://disasterloan.sba.gov/ela
By phone: 1-800-659-2955
By mail:
U.S. Small Business Administration, Processing and Disbursement Center
14925 Kingsport Road
Fort Worth, TX 76155
In person:
Small Business Administration Loan Outreach Center
Ouachita Parish Public Library’s Main Branch, Second Floor
1800 Stubbs Avenue Monroe, LA 71201
For More Information:
Sen. David Vitter’s Northeast Louisiana Office
1651 Louisville Avenue Suite 148
Monroe, LA 71201
(318) 325-8120
Small Business Administration Louisiana District Office
365 Canal St. Suite 2820
New Orleans, LA 70130
(504) 589-6685
