Re Your Question Last Week Regarding SBA Tuesday, April 18, 2017 3 54 PM
From: Pope, Rep. (District Office) <firstname.lastname@example.org>
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.
State Representative J. Rogers Pope
On Apr 17, 2017, at 5:18 PM, Pat Forbes <Patrick.Forbes@LA.GOV> wrote:
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.