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SBA approved more than $236 million in loans for flooded Baton Rouge area

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Staff Writer | September 12, 2016
Flooded Baton Rouge
Natural disaster   195 SBA team members are working in Louisiana

The U.S. Small Business Administration (SBA) said low interest federal disaster loans are available to credit worthy borrowers who have suffered physical damage to their businesses or homes.

A total of 195 SBA team members are working across 34 disaster centers in the Louisiana Capital Region to assist those impacted by the recent flooding.

At the centers, businesses, homeowners and renters can get help with the disaster loan application, learn about other forms of federal assistance, and receive business continuity counseling.

In addition, 117 SBA field inspectors are on the ground surveying property damage and SBA call center staffers have fielded more than 49,500 calls with Louisiana disaster survivors.

To date, SBA has approved 191 business disaster loans for a combined $16.5 million and 2,959 disaster loans for homeowners and renters totaling $219.6 million. Total SBA loan support as of the time of this release is $236,181,500.

Businesses and residents affected by the flooding are encouraged to register with the Federal Emergency Management Agency (FEMA) before the Oct.ober 13 deadline.


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