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

The Small Business Administration SBA and FEMA team up and offer Federal Money in the form of a low interest rate Federally Secured Loan. SBA Manages the process while FEMA funds the money.

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 14 min. 31 seconds read

Continue Reading

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 4 min. 14 seconds read

Continue Reading

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 10 seconds read

Continue Reading

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 9 min. 58 seconds read

Continue Reading

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 8 min. 16 seconds read

Continue Reading

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 6 min. 44 seconds read

Continue Reading

5 weeks into recovery Sept. 28, 2016 LOUISIANA TASK FORCE Ms. Suzie Elkins tells the True SBA story to members

When you depend on government to share information that is vital for your disaster recovery planning be sure to start listening to your intelligent, knowledgeable, honest, trustworthy, caring local government officials like [ENTER MYSTICAL NAME HERE]

by Murray Wennerlund published 9/13/2018 updated 1-11-2022 5 min. 50 seconds read

Continue Reading

Municipalities need to take a stand against the SBA Disaster Loan Program and FEMA Sequence of Delivery.

When FEMA instructs a low income or moderate income family to apply for a SBA Disaster Loan FEMA is passing severe debt burden on the families recovery. FEMA processes do not account for any populations in the very low to moderate income ranges.

by Murray Wennerlund published 7/15/2018 updated 1-11-2022 8 min. 1 seconds read

Continue Reading

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 4 min. 48 seconds read

Continue Reading

Is this the answer to SBA Loans HR 302 Vote 9-24-2018 SEC. 1210. DUPLICATION OF BENEFITS

It was announced today, 9-22-2018 that the SBA Fix is in! Yes, finally, those that took the SBA Disaster Loan program federal assistance funds can finally not have their loan calculated as a duplication of benefits once the Governor asks the US President.

by Murray Wennerlund published 9/22/2018 updated 1-15-2022 9 min. 3 seconds read

Continue Reading