Freedom of Information Request Copy of the Declined SBA Award Policy.
FAQ#: 7 published 1-4-2019
Freedom of Information Request: 6-26-2018, Copy of the "Declined SBA Award Policy".
This document is referenced in 1. "Draft ReLa Program Management Policies (Attachment VII) Page 31 of 189" 2. "Homeowners Manual version 3.1 page 52 under SBA Verification"
>>> Response State of Louisiana <<<
The "Declined SBA Award Policy" is found on page 52 of the manual you refer to in your email below. This is the current policy:
"Applicants who have applied for an SBA loan but have a record of declining the loan or have not executed the SBA loan may be considered for RLHP funding, but awards will be adjusted to account for any SBA DOB. If a low to moderate income (LMI) household has declined an SBA loan, a hardship will be presumed and the SBA loan will not be considered a duplication of benefit. SBA loan declination is defined as an applicant having never executed the SBA loan documents."
When the "verification" paragraph states: RHLP Declined SBA Award Policy – it is referring to the paragraph above it in the manual (see snip image below).
Thank you for reading. Use the message form below to send your Comment, Suggestion, Feedback, Opinion and Content Request.
How to use our Research Based Learning pages to better understand a subject, to collect the missing pieces of the puzzle, to start a research project or to close out your research project. Resources published here are parts or segments of..
FAQ#: 1 published 12-30-2018 updated 12-12-2020 1 min. 55 seconds read
I am asked often if I would do carpentry work in my area. I'm getting too slow to actually handle most of the jobs I'm asked to do. I'd like to handoff the work to a carpenter that's better than me. I'm always looking for a good carpenter helper for projects I take on. Contact me and get listed and working.
SBA Updates data processed from research between 11-2019 and 12-2019
FAQ#: 183 published 1-18-2020 3 min. 25 seconds read
When you are navigating the federal disaster assistance agencies your first stop should be to the TruckAndTools.Com Disaster Resources. Every disaster agency uses the same process but not every disaster agency follows strict policy and guidance. Don't go into your disaster recovery with blind trust of your federal and state agencies that are leading the push to get you sheltered and out of the program.
State of Louisiana Restore LA Program managed by the OCD-DRU says it will not pay interest on SBA loans.
FAQ#: 181 published 12-15-2019 2 min. 40 seconds read
If you need a quote for a new manufactured home for the Louisiana Restore program send a note with your old VIN number and your status in the program. All we can do is help you get the quotes for the MHU you are looking to replace. Contact me
Questions for Congressman Graves Live Facebook event 12-5-2019
FAQ#: 179 published 12-5-2019 4 min. 24 seconds read