Restore Louisiana small business loan program detailed

Restore Louisiana’s Small Business Loan Program is a lending program to assist disaster-impacted small businesses with non-construction expenses. The purpose of this program is to aid in the recovery of small businesses located in eligible areas affected by Hurricanes Laura, Delta, Ida and/or the May 2021 Severe Storms.

Eligibility for Small Businesses:

To receive assistance through the Small Business Loan Program, one of the program’s participating lenders in your area will need to submit an application for the loan on your behalf.

To qualify for a loan, businesses must meet the following criteria:

  • 1-50 full-time employees (35 hours or more per week)
  • Open at the time of the disaster event (meaning the business was in operation)
  • Minimum $25,000 in annual gross revenues before the disaster event
  • Located in one of the parishes eligible for program participation.
  • Experienced either a financial or physical loss as a result of one of 2020-2021 disaster events
  • Have an eligible unmet need after accounting for duplication of benefits.