FAQ#: 396 published 8-6-2020
E. Ineligible Uses of Loan Proceeds:
EIDL proceeds may not be used for:
Payment of any dividends or bonuses;
Disbursements to owners, partners, officers, directors, or stockholders, except when directly related to performance of services for the benefit of the applicant;
Repayment of stockholder/principal loans, except when the funds were injected on an interim basis as a result of the disaster and non-repayment would cause undue hardship to the stockholder/principal;
Expansion of facilities or acquisition of fixed assets;
Repair or replacement of physical damages;
Refinancing long term debt;
Louisiana homeowners with major to severe damage from hurricane Laura or Delta must document repairs.
FAQ#: 452 published 5-30-2022 2 min. 32 seconds read
Ineligible Due to Non-Responsiveness and Ineligible Due to Failure to Provide Required Documentation
FAQ#: 441 published 5-26-2022 2 min. 38 seconds read
Does the Restore Louisiana OCD-DRU HUD Grant program offer a Scheduled Draw payment?
FAQ#: 451 published 5-14-2022 1 min. 32 seconds read
Secured Federal USDA Single Family Housing Repair Loans up to $40,000 for 20 years at 1 percent interest and Grants of up to $10,000.
FAQ#: 453 published 4-19-2022 1 min. 50 seconds read
How to help homeowners with their construction projects without requiring a license in Louisiana §309. Construction Management [Formerly §119]
FAQ#: 456 published 4-19-2022 3 min. 35 seconds read
"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer."
Don't allow misleading or misinformation cost you.
SBA Reconsideration Loan: My home was hit by Hurricane Sally I am in need of an SBA loan to repair my home. Please reconsider my denied application.
FAQ#: 459 published 4-18-2022 2 min. 44 seconds read
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How to calculate your Wind, Snow, Tornado and Seismic risk assessment and apply that information to better home building.
FAQ#: 458 published 3-5-2022 2 min. 31 seconds read
How do I know if my mortgage is federally backed or federally secured? COVID-19 Housing Assistance Program Appeals Process.
FAQ#: 460 published 1-13-2022 2 min. 50 seconds read
Did your state inform you that you qualify for federal assistance only to later deny you assistance based on state created policy or procedure? Is your home listed as being in one of the most impacted areas? Do you have proof your state accepted you into the federally funded HUD CDBG-DR grant program? Contact us about your experience.
Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)
FAQ#: 235 published 4-23-2020 updated 1-4-2022 4 min. 48 seconds read
LA, FL, TX, PR, NC are receiving billions in US taxpayer dollars to mitigate against future flood disasters. We are looking to help your county or parish find the best clearing and dredging people. Contact us about your experience.