SBA opens disaster loan outreach center in St. Tammany Parish

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SBA disaster loan center Slidell

Highlights

The SBA Disaster Loan Outreach Center in Slidell opens July 20 and closes permanently July 31, offering applicants walk-in and scheduled assistance.
Businesses can apply for physical disaster loans up to $2 million, with potential loan increases up to 20% for mitigation improvements to damaged assets.
Interest rates start at 4% for businesses, 3.625% for nonprofits, and 2.875% for homeowners and renters, with application deadlines of Aug. 31 for physical damage and March 30, 2027 for economic injury.

Loan assistance center opens July 20

As reported by the U.S. Small Business Administration, customer service representatives begin assisting applicants at the Disaster Loan Outreach Center in Slidell on Monday, July 20. The center operates at the Towers Administration Building, Suite 2F, 520 Old Spanish Trail, and accepts walk-ins while also allowing in-person appointments to be scheduled in advance.

The site is open Monday through Friday from 8 a.m. to 4 p.m. and is scheduled to close permanently on Friday, July 31 at 4 p.m. Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at SBA, says the centers help small businesses and residents apply for disaster loans and understand the available recovery programs.

Businesses and private nonprofit organizations can apply for business physical disaster loans of up to $2 million to repair or replace damaged real estate, machinery, equipment, inventory, and other business assets. SBA also says applicants may qualify for a loan increase of up to 20% of verified physical damage for mitigation measures such as insulating pipes, weather stripping doors and windows, and installing storm windows.

Borrowing terms and filing deadlines

Homeowners and renters can apply for loans of up to $100,000 to repair or replace personal property, including clothing, furniture, cars, and appliances. Homeowners can also seek up to $500,000 to repair or replace a primary residence.

SBA’s Economic Injury Disaster Loan program is available to small businesses, small agricultural cooperatives, and private nonprofit organizations, including faith-based groups, with disaster-related financial losses. These loans can cover working capital needs such as fixed debts, payroll, accounts payable, and other bills, even when the applicant has no physical property damage.

Interest rates are as low as 4% for businesses, 3.625% for nonprofits, and 2.875% for homeowners and renters, with terms of up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months after the first loan disbursement; the deadline for physical damage applications is Aug. 31, while economic injury applications are due by March 30, 2027.

In our earlier article on the SBA’s Economic Injury Disaster Loan (EIDL) program, we outlined how eligible small businesses and private nonprofits in seven Arizona counties could apply for disaster financing tied to recent storm damage. We highlighted key terms such as loans of up to $2 million, interest rates starting at 4% for businesses and 3.625% for nonprofits, and a 12-month payment deferral after the first disbursement—showing how SBA relief tools can support recovery and working-capital needs.

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