SBA Disaster Federal Secured Loans Federally Secured Low Interest Loans managed by the SBA

The Total Amount of your SBA Loan will be used against you as DOB even if you only take $1.00.

FOIA: Memo's, associated documents, law references, legal, department emails, exchanges related to this internal document from the Louisiana Office of Community Development - Disaster Recovery Unit that supports this document.

By Writers Pool published 4-12-2018 updated 6-23-2018
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Low to moderate income with good credit denies you HUD Grants based on State Grantee processes.

We have noticed that many low to moderate income families have been refused HUD CDGB-DR grant funds due to the fact that SBA has approved them for a loan. Even if they didnt take the loan it is being used to deny grants because of their credit.

By Writers Pool published 4-30-2018 updated 3-21-2019
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SBA and CDBG DR Duplication of Benefits

If you havent read the report published by the Congressional Research Service CRS that was prepared for Members and Committees of Congress report number R44553 then you should. Ill be making many references to this report as well as others.

By Murray Wennerlund published 4-29-2018 updated 5-1-2021
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Dear SBA we would like to lower our disaster loan amount, we can not afford your proposed monthly payment.

Dear. 2016 Louisiana Flood Victim, we have received your request to decrease your loan amount from 125,000 to 25,000. Your payment amount is reduced from 440.00 to 437.00. Your payment terms have been changed from 30 years to 5 years.

By Contributor published 7-1-2018 updated 7-1-2018
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U.S. Small Business Administration has Declined my SBA Disaster Loan - You are the lucky one

When you reach out to the SBA Disaster Loan program to have your loan cancelled because you find you can not financially afford the loan at the monthly payment amounts they offered. Living Paycheck to Paycheck is proof SBA loan debt is not an option.

By Contributor published 8-4-2018 updated 8-5-2018
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Do I have to apply for a SBA loan in order to be eligible for other Federal assistance?

Yes, for certain types of FEMA assistance like ONA a very rare grant to receive. No, for CDBG-DR assistance, but be very careful of your state CDBG-DR manager, they could be a Wolf in sheep's clothing. Check your AMI, if below 80 DO NOT APPLY TO THE SBA!

By Contributor published 8-29-2018 updated 8-29-2018
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Decline Code 35 Not located in the declared disaster area.

The damaged property must be located within the area named in the disaster declaration.

By Murray Wennerlund published 10-31-2022 updated 10-31-2022
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Subject: Discussion request: Approved SBA Loans declined by homeowners.

This email was sent to the director of Homeowner Assistance Programs in the state of Louisiana. The email letter requested a discussion regarding the issues. The requested discussion was quickly dismissed and the email referred to a public outreach.

By Writers Pool published 6-1-2018 updated 6-26-2018
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Low income, moderate income households are suffering at the hands of HUD funds to rebuild after a disaster.

The discussion regarding Duplication of Benefits and who can make changes continues for Louisiana the poorest state in the union still resisting to give federal grant money to below moderate income and low income families to help them rebuild.

By Writers Pool published 4-19-2018 updated 3-21-2019
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SBA Disaster Loan Application No

SBA will follow up with you many times by mail and by telephone to get you to complete your loan application and to sign the agreement for the loan. This is totally up to you if you would like to take the SBA loan now or wait for better options if any.

By Writers Pool published 4-19-2018 updated 6-22-2018
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