SBA to provide assistance to Louisiana businesses affected by Hurricane Barry

WASHINGTON – Assistance from the U.S. Small Business Administration is being made available for Louisiana residents and businesses affected by Hurricane Barry.

Assistance comes in the form of low-interest federal disaster loans to Louisiana businesses and residents affected by the July 2019 hurricane.  

The disaster declaration by the SBA makes SBA assistance available in Allen, Assumption, Avoyelles, Beauregard, Catahoula, Concordia, Evangeline, Iberia, Jefferson Davis, La Salle, Pointe Coupee, Rapides, St. Landry, St. Martin, St. Mary, Terrebonne, Vernon and West Feliciana parishes.

“The U.S. Small Business Administration has offered help for Louisianans. This is extremely important information for anyone in Louisiana affected by Hurricane Barry, especially since it is unlikely that a federal disaster unlocking aid from FEMA will be declared,” said U.S. Senator Bill Cassidy, M.D., (R-LA).

“SBA is strongly committed to providing Louisiana with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for businesses and residents affected by the disaster,” said acting Administrator Christopher M. Pilkerton of the U.S. Small Business Administration. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”

“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,” said SBA’s Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West. 

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.