Restore Louisiana Small Business Program

Was your Business impacted by the flooding in March or August of 2016?

YOU MAY QUALIFY FOR A 0% INTEREST  BUSINESS LOAN WITH A 40% FORGIVABLE PORTION.

NOTICE:

THE TIME PERIOD FOR SUBMITTING APPLICATIONS HAS BEEN EXTENDED TO FEBRUARY 28, 2018!

TYPES OF ASSISTANCE:

  • Interest rate is 0%
  • Loan amounts from $10,000 to $150,000
  • No principal payments due for the first 6 months
  • 40% of the loan may be eligible for forgiveness

HOW TO QUALIFY?

  • evidence of $10,000 in physical damages due to the March and/or August 2016 flood events/storms. (Applied for SBA? Send us your Loss Verification Report) or (send receipts for Damages totaling over $10K)

OR

  • 20% Loss of Revenue due to March and/or August 2016 flood events/storms. (Evidenced by business Tax returns OR monthly Financial statements)

 

OUR PURPOSE:

To provide financial disaster recovery

assistance to small businesses like yours, that was impacted by the

2016 severe storms and flooding events in Louisiana.

 

ELIGIBILITY REQUIREMENTS:

1-Business located in one of the 51 impacted parishes

2-Business is currently operating

Business is currently operating or has the ability to demonstrate they will reopen upon receiving assistance from this program

a) Business must have been open before April 8, 2016 in order to be considered eligible under the March flood.

OR

b) If your business was affected by the August flood, your business must have been operating prior to August 31, 2016.

3-Must have at least 1 full time employee

A minimum of 1 Full-Time equivalent employee, and no more than 50 FTE employees (persons earning 35 hours per week)

4-Gross revenue of $25,000

Your business must have had a minimum annual gross revenue of $25K for at least one of the tax years (2014, ’15 or ’16)

5-Non-profits MAY be eligible

ELIGIBLE PARISHES

  • Acadia
  • Allen
  • Ascension
  • Avoyelles
  • Beauregard
  • Bienville
  • Bossier
  • Caddo
  • Calcasieu
  • Caldwell
  • Catahoula
  • Claiborne
  • DeSoto
  • East Carroll
  • East Baton Rouge
  • East Feliciana
  • Evangeline
  • Franklin
  • Grant
  • Iberia
  • Iberville
  • Jackson
  • Jefferson Davis
  • Lafayette
  • LaSalle
  • Lincoln
  • Livingston
  • Madison
  • Morehouse
  • Natchitoches
  • Ouachita
  • Pointe Coupee
  • Rapides
  • Red River
  • Richland
  • Sabine
  • St. Helena
  • St. James
  • St. Landry
    • St. Martin
    • St. Tammany
    • Tangipahoa
    • Union
    • Vermilion
    • Vernon
    • Washington
    • Webster
    • West Baton Rouge
    • West Carroll
    • West Feliciana
    • Winn

Scroll down to complete your application today!

Find the Fillable Application below, or documents can be printed and hand-filled.

If you have Adobe Acrobat, RSLB loan applications are fillable.

If you do not have Adobe Acrobat,

You can download it at https://get.adobe.com/reader/

  1. You may deliver the completed application and all attachments to one of our intake locations (see Satellite locations below).
  2. Email your filled application and required documents to ashley@scpdc.org or brooke@scpdc.org
  3. Fax documents to (985) 665-7000

Please carefully review the checklist (pmailto:ashely@scpdc.orgage 19-21) of required documents!

SATELLITE LOCATIONS

    • Baton Rouge (Mon-Friday 9:30am-4:30pm)
      9121 Interline Ave., Suite 3A
      Baton Rouge, LA  70809

 

    • Denham Springs (Tues-Thu 1:00pm-5:00pm)
      Old City Hall
      115 Mattie St.
      Denham Springs, LA 70726

 

    • Gramercy (By Appointment)
      St James Welcome Center
      1094 U.S. Hwy 61
      Gramercy, LA 70052

 

    • Lafayette (Mon-Friday 9:30am-4:30pm)
      208 W. Gloria Switch
      Lafayette, LA 70507

 

    • Lake Charles (By appointment)
      SEED Center – McNeese Campus
      4310 Ryan Street
      Lake Charles, LA 70605

***Please note that if there are any questions regarding the program, and/or the online application, please call 1-800-630-3791, and ask for Ashley or Brooke. They will be happy to assist you.

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