The U.S. Small Business Administration says it has approved more than $50 million in low-interest loans to Louisiana homeowners, renters and businesses that suffered damages in September 2008 hurricanes.
The SBA is the federal government’s main source of funds for aiding in the long-term rebuilding of disaster-damaged private property. Loans of up to $200,000 are available to help homeowners repair or rebuild storm-damaged homes. Up to $40,000 is available to help renters and homeowners fix or replace damaged or destroyed personal property.
SBA also provides loans of up to $2 million for storm-affected businesses and private, nonprofits.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
What Analysts Are Saying About the 2026 P/C Insurance Market 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Active Tornado Season Expected in the US 
Chubb Posts Record Q4 and Full Year P/C Underwriting Income, Combined Ratio 
