BATON ROUGE, La. (GOHSEP) - Governor John Bel Edwards is requesting additional federal assistance for eligible businesses and residents across the state impacted by Hurricane Barry.
Gov. Edwards is asking the U.S. Small Business Administration (SBA) to implement a disaster declaration for St. Mary, Allen and Avoyelles parishes due to damage caused by Barry.
Tropical storm-force winds and torrential rain caused significant damage to several homes and businesses.
If SBA makes the disaster declaration, federal low-interest disaster loans to businesses of all sizes, private non-profit organizations, homeowners, and renters.
SBA disaster loans can be used to repair or replace the following items damaged or destroyed in a declared disaster: real estate, personal property, machinery, equipment, inventory, and business assets.
Low-interest loans of up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate.
SBA regulations permit loans up to $40,000 to repair or replace personal property.
An SBA disaster declaration for St. Mary, Allen and Avoyelles would also make these federal loans available in the parishes that border these three parishes.
“Low-interest loans are a tremendous help to people and businesses recovering from a disaster like a hurricane,” said Governor’s Office of Homeland Security and Emergency Preparedness (GOHSEP) Director Jim Waskom. “We are optimistic the SBA will recognize the need in these areas and approve our request.”
The SBA and GOHSEP conducted joint damage assessment work on August 27 in St. Mary Parish. That work continued in Allen and Avoyelles earlier this month. Information gathered indicated that roughly one hundred homes and businesses were damaged.
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