SBA Repayment amounts not based on SBA loan amount.
The state always will lesser when it comes to assisting its citizens after a disaster. But when the state needs to funding, lesser is not the word I would use.
image

By Murray Wennerlund published 11-2-2022 updated 11-2-2022
Print Payoff LA Office of Community Development Disaster Recovery Unit (OCD-DRU) 365 views

If you are unaware of the states math practices just keep in mind the word "Lesser" is your multiplier.

  • Reimbursements
    This is paid in full and based on Restore contractors inspection.
  • Repairs
    This is paid by what Restore inspectors estimate your repair costs will be. This is done with the software Xactimate set for "Economy" costs.

    If your SBA loan is more than the Reimbursements and Repairs combined you will need to provide contracts, invoices, receipts to show your costs were greater than the states estimates. If you can not provide proof of added expense the program will pay the lesser of the costs for repair. This is typically what the state estimates your repair costs to be.

Thank you for reading. Use the message form below to send your comment, suggestion, feedback, opinion, and content request.
Expect a response within 2 days. Check for an email from @TruckAndTools.Com.

Why is my mortgage company holding back my disaster insurance claim payout money?

By Murray Wennerlund

If your insurance company issued a two-party check for hurricane damage repairs and your mortgage handler is holding the money from you it is likely they need you to provide them with your recovery and repair plan before they will disperse the funds.

The 6-month CDBG-DR Grant Process timer for your state started on 1-21-2025.

By Murray Wennerlund

Stay informed and become your own advocate for disaster damage not covered by insurance and other means. Unused disaster funds from 2023 will be applied to 2024. However, for most of you in 2023, your program is not over and you should be very active.

Fire, smoke blocking and air sealing between floors in a home.

By Murray Wennerlund

When a duct passes through a second-story floor, across an 18-inch space, and vents into a drywall ceiling below, there are a few critical steps to follow to ensure proper sealing, fireblocking, and structural integrity.