Louisiana Gets Disaster Money After Mysterious 'Mass Casualty Incident'
Published Date: 1/13/2025
Notice
Summary
Louisiana businesses in Orleans and nearby parishes can now apply for special low-interest disaster loans after a serious incident starting January 1, 2025. These loans help small businesses and nonprofits recover from economic harm, with applications open until October 3, 2025. It’s a great chance to get financial support and bounce back stronger!
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
EIDL Applications Open Through Oct 3, 2025
If you are a small business or nonprofit affected by the Mass Casualty Incident in the listed Louisiana parishes, you can apply for Economic Injury Disaster Loans (EIDL) online at https://lending.sba.gov. The EIDL declaration was issued January 3, 2025, the incident period began January 1, 2025 and applications may be submitted through October 3, 2025.
Specified Low Interest Rates for EIDLs
The SBA set the interest rates for these EIDLs at 4.000% for businesses and small agricultural cooperatives without credit available elsewhere, and 3.625% for nonprofit organizations without credit available elsewhere. These rates apply to loans under this Economic Injury Disaster Loan declaration number 209520.
Eligibility Limited to Orleans and Four Parishes
Only businesses and nonprofits in the primary parish Orleans and the contiguous parishes Jefferson, Plaquemines, St. Bernard, and St. Tammany are designated as adversely affected and eligible to apply under this declaration. If your location is not in those listed parishes, this particular EIDL declaration does not apply to you.
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