Restore Small Business

Restore Louisiana Small Business Loan Program

Call 1-800-630-3791 for more information or to schedule an appointment.

Click here to Apply Online.

Click here to download Additional Required Documents.

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

Location

  • 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)

Employment

  • 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**

Qualifications

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

OR

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

Location and Hours (Ida and May 2021 Flood)
Location Office Hours
New Orleans
University of New Orleans
“The Beach”
2021 Lakeshore Drive, Suite 207
New Orleans, LA 70122
8:00 am – 4:30 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
Marrero
DBA Business Center
4657 Westbank EXPY
Marrero, LA 70072
9:00 am – 4:00 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
Chalmette
100 Port Boulevard, Suite 210
Chalmette, LA 70043
8:00 am – 3:00 pm – Monday through Thursday
Closed – Friday
Kenner
2200 Veterans Memorial, Suite 200
Kenner, LA 70062
9:00 am – 4:00 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
Hammond
Southeastern Louisiana University Business Center
1514 Martens Drive
Hammond, LA 70401
8:00 am – 4:00 pm – Monday through Thursday
9:00 am – 12:00 pm – Friday
Baton Rouge
14734 South Harrell’s Ferry Road
Baton Rouge, LA 70816
8:00 am – 4:00 pm – Monday through Thursday
Closed – Friday
Denham Springs
Historic Museum
115 Mattie Street
Denham Springs, LA 70726
1:00 pm – 5:00 pm – Wednesday
Houma
5058 W Main Street
Houma, LA 70360
8:00 am – 4:30 pm – Monday through Friday
Reserve (Laplace)
River Parish Community College
181 Regala Park Road
Reserve, LA 70084
(Enter on side of building facing Airline Hwy)
9:00 am – 4:00 pm – Monday through Friday
Boutte
River Parish Community College
United Way of St. Charles Campus
13145 Hwy 90
Boutte, LA 70039
(Building is set back in large parking lot)
9:00 am – 4:00 pm – Tuesday through Thursday
Galliano
Lafourche Plaza Shopping Center
18210 West Main St., Suite 5
Galliano, LA 70354
9:00 am – 4:00 pm – Monday through Friday
Location and Hours (Laura and Delta)
Location Office Hours
Lake Charles
SEED Center
4310 Ryan Street
Lake Charles, LA 70605
9:00 am – 4:00 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
DeRidder
1917 N Pine Street, Suite C
DeRidder, LA 70634
9:00 am – 4:30 pm – Tuesday and Thursday
Jennings
Jeff Davis Parish Arts and Technology Center
137 N. Main Street
Jennings, LA 70546
10:00 am – 2:00 pm – Wednesday
Grand Lake
Library
10200 Gulf Highway
Lake Charles, LA 70607
10:00 am – 2:00 pm – Friday
Lafayette
208 West Gloria Switch
Lafayette, LA 70507
9:00 am – 4:00 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
Abbeville
408 Pere Megret Street
Abbeville, LA 70510
9:00 am – 4:00 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
Alexandria
Central Louisiana Regional Chamber of Commerce
118 Third Street
Alexandria, LA 71301
9:00 am – 4:00 pm – Monday through Thursday
9:00 am – 3:00 pm – Friday
Natchitoches
450 Second Street
Natchitcohes, LA 71457
10:00 am – 2:00 pm – Thursday

                                                                            
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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