Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Sba Disaster Assistance topic
No spam. Unsubscribe anytime.
SBA outlines low-interest disaster loans available to Abita Springs residents after Tropical Storm Arthur
Summary
A Small Business Administration representative told residents that Saint Tammany Parish qualified for a presidential disaster declaration after Tropical Storm Arthur and described low-interest, long-term SBA disaster loans for homeowners, renters, businesses and nonprofits; applications for physical damage were said to be open through Aug. 30.
Jeff Duham, representing the Small Business Administration, briefed the council and residents about disaster-recovery assistance available after Tropical Storm Arthur. He said the presidential disaster declaration covers four parishes, including Saint Tammany, and that the SBA is the largest source of disaster-recovery loans, offering low-interest, long-term loans (he cited examples such as 30-year loans at rates noticeably lower than credit cards) for homeowners, renters, businesses (for physical damage and economic injury) and nonprofits.
Jeff said applicants do not need to wait for an insurance company estimate or a contractor to begin the SBA application process and that an in-person assistance site was open in Slidell with SBA staff available without an appointment. He gave August 30 as the deadline to apply for physical-damage assistance and said staff would check whether extensions were typical. Residents asked how municipalities and volunteer organizations should apply; Jeff said FEMA public-assistance covers government entities and that nonprofits may apply to the SBA as nonprofits.
Ending: Jeff distributed information and offered contact methods (800 numbers, scannable codes and a local Slidell office) and council members thanked him for the briefing.
