Deadline approaching for small business owners to apply for Delta, Laura relief [Video]

ALEXANDRIA — The deadline for small businesses to apply for recovery aid from Hurricanes Laura and Delta in 2020 is next month.

Small business owners have until May 31 to apply for $50 million in funds allocated by the U.S. Department of Housing and Urban Development from its Community Development Block Grant. The funding is being administered by the Louisiana Office of Community Development through its Restore Louisiana Small Business Loan Program and South Central Planning and Development Commission.

“We have room for many more applications and we need people to come in and complete that paperwork,” said Cullen Creole, Restore Louisiana Small Business Program director.

The program covers 25 of the hardest hit area including Iberville, East Feliciana, Pointe Coupee, West Baton Rouge and West Feliciana parishes. Eligible business owners in these parishes can receive a 7-year loan with 0% interest with the possibility of 40% forgiveness once 60% …