Hurricane Ida SBA Economic Injury Disaster Loans Webinar
The U. S. Small Business Administration (SBA) has declared a disaster in New Orleans due to Hurricane Ida. The City of New Orleans Office of Economic Development held a webinar on disaster assistance for businesses from the SBA on Friday, September 10 at 11am.
Click here to view the recorded webinar.
Businesses of all sizes and private nonprofit organizations can borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. SBA can also lend additional funds to businesses and homeowners to help with the cost of improvements to protect, prevent or minimize the same type of disaster damage from reoccurring. SBA Economic Injury Disaster Loans can also help small businesses and most private nonprofit organizations of any size, meet working capital needs caused by the disaster. Economic injury assistance is available to businesses regardless of any property damage.