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SMALL BUSINESS NEWS

12 Sept 2012

 

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Help for Small Businesses Hurt by Hurricane Isaac in Louisiana

The SBA will open a Business Recovery Center in La Place, Louisiana for small businesses hurt by hurricane Isaac.  The SBA, the Louisiana Department of Economic Development (LED) and the Louisiana Small Business Development Centers (LSBDCs) will team up to provide a range of services to businesses impacted by Hurricane Isaac. 

This new business center will open starting on Thursday, September 13, 2012 at the following location and will be open from 8:30am to 5:00pm.

St. John the Baptist Parish
Business Resource Center
2015 West Airline Highway, La Place, LA 70068

There are other locations that were previously opened.  To see those locations visit the SBA's website on this subject.

Customer service representatives will be available to meet individually with each business owner to explain how an SBA disaster loan can help finance their recovery and to help them through the application process.

Businesses of any size 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. These loans cover losses that are not fully covered by insurance or other recoveries.

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 (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any property damage.

To learn more about the SBA’s plan to help small businesses in the area by  visiting the SBA's web page on this subject.

Sources:
The SBA


By Tim Miller

 

 

 

 

 

 
 

 

  
 

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