Administrative Disaster Declaration for a Rural Area in Louisiana
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law announces a disaster declaration for a rural area affected by a severe winter storm in Louisiana. It enables affected residents and businesses in the West Carroll Parish to apply for SBA disaster loans, which can be used for physical damage or economic injury. Applications must be submitted by specific deadlines, and interest rates vary depending on credit availability and organizational status.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- The declaration allows applications for SBA disaster loans in affected rural areas.
- Loans cover physical damage and economic injury due to the winter storm.
- Application deadlines and interest rates are specified.
Obligations
What this law requires
Affected residents and businesses in West Carroll Parish must submit physical damage loan applications by June 8, 2026
Affected businesses and agricultural cooperatives must submit Economic Injury Disaster Loan (EIDL) applications by January 8, 2027
Loan applicants must submit disaster loan applications online through the MySBA Loan Portal at https://lending.sba.gov or in person at locally announced locations
SBA must apply the specified interest rates based on applicant type and credit availability for physical damage loans
SBA must apply the specified interest rates for economic injury loans based on business type and credit availability