GOHSEP Elected_Officials_Manual_2015
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<strong>GOHSEP</strong><br />
Louisiana <strong>Elected</strong> <strong>Officials</strong><br />
Emergency Management <strong>Manual</strong><br />
Prepare + Prevent + Respond + Recover + mitigate<br />
5.2.4 U.S. Small Business Administration<br />
(SBA)/Disaster Loans<br />
U.S. Small Business Administration (SBA) provides loans to homeowners, renters, businesses and<br />
organizations to repair or replace real estate, personal property, equipment and business assets<br />
that have been damaged in a disaster. Through its office of Disaster Assistance, SBA provides<br />
low interest, long-term loans for physical and economic damage caused by a declared event.<br />
SBA Declaration Process<br />
The Governor contacts FEMA if the State believes damages justify a Presidential declaration. SBA<br />
will join FEMA, State and local representatives and conduct a Preliminary Damage Assessment<br />
(PDA) of the area. If the PDA shows enough damage, the Governor can ask for a declaration. FEMA<br />
forwards the Governor’s request and the PDA results to the President for a decision. If the President<br />
declares the area eligible for FEMA Individual Assistance (IA), SBA offers physical and economic<br />
injury loans in the declared Parishes and economic injury loans only in contiguous Parishes.<br />
When the damages are less extensive, the Governor can ask for an SBA declaration. When the<br />
Governor’s request for assistance is received, a survey of the damaged area is conducted with<br />
State and local officials, and the results are submitted to the SBA Administrator for a decision.<br />
When the Administrator of SBA declares an area, both primary and adjacent Parishes are<br />
eligible for the same assistance.<br />
SBA will make a Physical Disaster Declaration when:<br />
• At least 25 homes (primary residences) and/or businesses in a Parish have uninsured<br />
losses of 40 percent or more of their estimated fair market value. (Secondary homes,<br />
condominium units, cabins, camps, lakes homes, etc. used for recreation purposes are<br />
not included.)<br />
OR<br />
• At least three (3) businesses have uninsured losses of 40 percent or more of their<br />
estimated fair replacement value and, as a direct result of the damages, 25 percent of<br />
the work force in the community will be unemployed for at least 90 days.<br />
5.2.4 SBA Page 1 of 2
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