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
| | | |

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
| | | |

Declare your financial hardship for accepting the SBA loan

A Facebook.Com Group called Restore LA Program Info Exchange offers Disaster Victims in any state help with navigation by personal experience and published laws, rules and guidance your OCD-DRU CDBG-DR grantee programs.

By Writers Pool published 4-15-2018 updated 1-15-2022
| | | |

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
| | | |

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
| | | |

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
| | | |

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
| | | |

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
| | | |

Hundreds of homeowners with SBA Duplication of Benefits may have been categorized incorrectly.

SBA Duplication of Benefits totaling near $55 million for Louisiana alone may have been counted against disaster victims but later changed by the SBA without updating state grantee datafeeds. This issue may also be relevant to other disasters since 2013.

By Writers Pool published 11-8-2018 updated 7-28-2019
| | | |

US CODE Referenced in HR 748 USE OF FUNDS for SBA Economic Injury Disaster Loans.

More information about what you can use your SBA EIDL for. Its working capital, its for reduction in revenue earnings during a disaster and we are in a declared disaster which should mean you cut back when you can and budget.

By Murray Wennerlund published 8-6-2020 updated 8-6-2020
| | |