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FAQ#: 86 published 2-24-2019
From: Pope, Rep. (District Office) <poper@legis.la.gov>
Sent: Tuesday, April 18, 2017 3:54 PM
To: Pat Forbes
Cc: Julie Baxter Payer
Subject: Re: Your Question Last Week Regarding SBA
Thank you for the information.
RHONDA BYRD
Legislative Assistant
State Representative J. Rogers Pope
On Apr 17, 2017, at 5:18 PM, Pat Forbes <Patrick.Forbes@LA.GOV> wrote:
Representative Pope,
In response to your question last week about whether an SBA loan would still be considered a duplication of benefits if it were paid back before the program grant becomes available, the answer is yes, it would still be a DOB. The approval and then drawing of funds is what triggers the DOB, not the loan balance. Please let me know if you have additional questions.
Pat Forbes
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Unmet needs must be evaluated for cost changes throughout the rebuilding process.
By Murray Wennerlund
Restore Louisiana Mobile Home MHU Replacement Policy
By Murray Wennerlund