Restore Small Business

Restore Louisiana Small Business Loan Program

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

Only a limited amount of program funding is still available for businesses impacted by Hurricanes Laura/Delta, so businesses are encouraged to submit their applications as soon as possible to SCPDC. The application portal will close at the end of July 2024, however, at this stage of the process, funding for all applications submitted is not guaranteed. When submitting applications, applicants are strongly encouraged to complete the application document and provide all required documents and signatures as quickly as possible to allow for their timely review.

Applications are no longer being accepted for Hurricane Ida and the May 2021 Severe Storms due to all available funds being obligated.

If additional funds become available, the application portal may be reopened.”

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 Laura
  • Hurricane Delta

Eligibility Requirements

Location

  • Business located in a parish impacted by one of the following events:
    • Hurricane Laura
    • Hurricane Delta
  • 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.

 

*The gold regions on the map indicate areas associated with a closed program.

 

Hurricane Laura & Hurricane Delta
Acadia Allen Beauregard
Caddo Calcasieu Cameron
Grant Iberia Jackson
Jefferson Davis Lafayette La Salle
Lincoln Morehouse Natchitoches
Ouachita Rapides Sabine
St. Landry St. Martin Union
Vermilion Vernon Winn

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 – Closed Program)
Location Office Hours
Marrero
DBA Business Center
4657 Westbank EXPY
Marrero, LA 70072
M – TH: 9:00 am – 4:30 pm
F: 9:00 am – 3:30 pm
Houma
5058 W Main Street
Houma, LA 70360
M – F: 8:00 am – 4:30 pm
Location and Hours (Laura and Delta)
Location Office Hours
Lake Charles
SEED Center
4310 Ryan Street
Lake Charles, LA 70605
M – TH: 9:00 am – 4:00 pm
F: 9:00 am – 3:00 pm
DeRidder
1917 N Pine Street, Suite C
DeRidder, LA 70634
T & TH: 9:00 am – 4:30 pm
Jennings
Jeff Davis Parish Arts and Technology Center
137 N. Main Street
Jennings, LA 70546
By appointment
Grand Lake
Library
10200 Gulf Highway
Lake Charles, LA 70607
By appointment
Lafayette
208 West Gloria Switch
Lafayette, LA 70507
M – TH: 9:00 am – 4:00 pm
F: 9:00 am – 3:00 pm
Abbeville
408 Pere Megret Street
Abbeville, LA 70510
M – TH: 9:00 am – 3:00 pm
F: 9:00 am – 3:00 pm
Alexandria
Central Louisiana Regional Chamber of Commerce
118 Third Street
Alexandria, LA 71301
Wednesday: 10:00 am – 3:00 pm or by appointment
Natchitoches
450 Second Street
Natchitoches, LA 71457
By appointment
Don’t see a nearby office? Call us for assistance.

                                                                            
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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