SBA Loans for April 2020 Tornado Damage

Attention Jackson Parish Small Businesses and Residents

You may qualify for a Small Business Loan if you experienced damages during the April 12, 2020 tornadoes.  Please review the following fact sheet and press release to find out more about the application process and qualifications.

Loans are available for:

• Business Physical Disaster - Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.
• Economic Injury Disaster - Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
• Home Disaster - Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.

Application filing deadlines are:

• Physical Damage: July 13, 2020
• Economic Injury: February 16, 2021