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

How the Federal SBA Loan program for Homeowners places more debt and puts at risk recovery efforts.

The SBA Loan Program will harm every American Household after a declared disaster for one simple fact. The Federal SBA Loan Program does not take into consideration any current income to expense ratio for the victims of the disaster.

By Contributor published 7-3-2018 updated 7-3-2018
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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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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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Here is a copy of a letter from the SBA El Paso TX office we hope you never receive.

Pay your SBA then send money to El Paso TX. Need SBA to endorse an insurance check, send to Fort Worth TX. If you owe money to the SBA they will forward your check to the El Passo TX office for you and then audit your account.

By Murray Wennerlund published 5-31-2018 updated 10-31-2022
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State Community Development agencies penalizing homeowners that refused to take the approved SBA Loan.

Is your state setting you up to fail your disaster recovery? Ignoring Public Laws 115-123 part of H.R. 1892. Are they creating local rules that just don't seem to fit the spirit of the DOB SBA rules?

By Writers Pool published 5-1-2018 updated 3-21-2019
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3,800 homeowners can not finish disaster repairs because of one state employee ignoring one HUD directive

So many in Louisiana are suffering because of one person and a small group of people called the Restore Louisiana Task Force. It is one person that doesnt know advising a group of people that arent being told the truth. Waste and Mismanagement.

By Contributor published 4-30-2018 updated 3-21-2019
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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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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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