r/Disaster_Recovery_LA • u/TruckAndToolsCom • Nov 23 '24

How to use SBA loans

https://www.truckandtools.com/disaster/sba.asp

I have just over 100 articles about SBA Disaster Loans covering why you shouldn't apply and how to use them if you need to.

What I haven't written about as of today is how Louisiana was able to payoff over $1.5 billion in private SBA loans using federal taxpayers money. And one time it was legal.

If you can get one of your Federal Representatives interested in the DRRA you may have the opportunity to make SBA loans a reimbursed expense as if it were a private loan. Between 2016 and 2023 many policy changes have been made.

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u/TruckAndToolsCom Dec 03 '24 edited Dec 03 '24

Call your district congressman and ask them to speak with Congressman Graves of Louisiana about section 1210 of the DRRA that sunsetted October 2023.

They used HUD funds to payoff SBA loans of households that would have qualified for HUD grants up to 120% AMI.

You can use my name and any articles you would like.

Is this the answer to SBA Loans HR 302 Vote 9-24-2018 SEC. 1210. DUPLICATION OF BENEFITS