Restore Louisiana Small Business Loan Program

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

The Restore program has received an extension for Hurricane Laura & Delta applicants. Applicants are strongly encouraged to submit their applications no later than April 30, 2024 to South Central Planning and Development Commission to best guarantee that it can be reviewed, processed, and submitted to the state’s Office of Community Development by the state’s June 30^th deadline.

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	East Feliciana	Iberia
Iberville	Jefferson	Lafourche
Livingston	Orleans	Plaquemines
Point Coupee	St. Bernard	St. Charles
St. Helena	St. James	St. John the Baptist
St. Martin	St. Mary	St. Tammany
Tangipahoa	Terrebonne	Washington
West Baton Rouge	West Feliciana

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

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	M – TH: 7:00 am – 4:30 pm F: 7:00 am – 3:30 pm
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
Chalmette 100 Port Boulevard, Suite 210 Chalmette, LA 70043	M – TH: 8:00 am – 3:00 pm F: Closed
Kenner 2200 Veterans Memorial, Suite 200 Kenner, LA 70062	M – TH: 8:00 am – 4:00 PM F: 8:00 am – 3:00 pm
Hammond Southeastern Louisiana University Business Center 1514 Martens Drive Hammond, LA 70401	M – TH: 8:00 am – 4:00 pm F: 9:00 am – noon
Baton Rouge 14734 South Harrell’s Ferry Road Baton Rouge, LA 70816	M – TH: 8:00 am – 4:00 pm F: Closed
Houma 5058 W Main Street Houma, LA 70360	M – F: 8:00 am – 4:30 pm
Reserve (Laplace) River Parish Community College 181 Regala Park Road Reserve, LA 70084 (Enter on side of building facing Airline Hwy)	M – F: 9:00 am – 4:00 pm
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)	M: 10:00 am – 5:00 pm T – W: 1:00 pm – 5:00 pm TH: Closed F: 9:00 am – 5:00 pm
Galliano Lafourche Plaza Shopping Center 18210 West Main St., Suite 5 Galliano, LA 70354	M – F: 9:00 am – 4:00 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	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).