Restore Small Business

Restore Louisiana Small Business Loan Program

Our Purpose

To aid in the recovery of small businesses affected by one of the following events:

  • Hurricane Ida
  • Hurricane Laura
  • Hurricane Delta
  • May 2021 – Flood

Eligibility Requirements


  • Business located in a parish impacted by one of the following events:
    • Hurricane Ida
    • Hurricane Laura
    • Hurricane Delta
    • May 2021 – Flood
  • Eligible Parishes (HUD MIDs)
    • Business located in a HUD MID and servicing a vulnerable population or providing an essential good or service may be given priority.


Hurricane Ida & May 2021 Flood
Ascension Assumption Calcasieu
East Baton Rouge Iberville (70764, 70788) Jefferson
Lafourche Livingston Orleans
Plaquemines St. Bernard St. Charles
St. Helena St. James St. John the Baptist
St. Mary St. Tammany Tangipahoa
Terrebonne Washington West Baton Rouge (70767)
Hurricane Laura & Hurricane Delta
Acadia (70526, 70578) Allen Beauregard
Caddo Calcasieu Cameron
Jefferson Davis Lafayette Natchitoches
Ouachita Rapides St. Landry (70570)
St. Martin (70517) Vermilion (70510) Vernon (71446)


  • Minimum of one (1) FTE employee
  • No more than fifty (50) FTE employees
  • **(FTE = Full-Time Equivalent = 35 hours per week)

Gross Revenue

  • Evidence of pre-storm minimum Annual Gross Revenue of $25,000

Operational Status

  • Operating at the time of the noted events
  • Currently operating or can demonstrate the ability to reopen

**Additional requirements may apply**


$10,000 in Physical Damages as a Result of the Storm / Flood


20% Annual Gross Revenue Decline

Use of Funds (Loan Valuation)

  • Monthly rent or mortgage payments
  • Monthly wages and benefits
  • Monthly utilities payments
  • Inventory
  • Moveable equipment necessary for recovery of impacted business

Loan Terms

  • 0% Interest
  • No payments for 6 months
  • 7-year loan term
  • Loans from $10,000 – $150,000
  • An exception may allow up to a maximum award of $250,000
  • 40% loan forgiveness
  • If borrowers comply with post-closing program requirements, 40% of the loan may be forgiven when 60% of principal is repaid
  • No closing or application fees

Funded through the Community Development Block Grant Disaster Recovery Program (CDBG-DR) from the U.S. Department of Housing and Urban Development as eligible under Section 105(a)(15) or 105(a)(17) of the Housing and Community Development Act of 1974 (HCDA).

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