Around Acadiana

May 17, 2012 7:37 PM by Ashley Guidroz

SBA Loans Available for Those Affected by Flooding

People whose homes were damaged in the March floods can find help in Carencro. Six parishes are eligible for small business administration loans.

Eighty-six year old Cora Grossie is a resident of Carencro. In March, her floors were damaged in the flood that damaged much of Carencro. It's been a long road for Grossie, and there's still a lot of work to be done.

"I've never known it to flood here before, and we're not supposed to be in a flood area...and here we are, I mean...like i said it's kinda like I'm starting over again," said Grossie.

The U.S. Small Business Administration has set up shop in Carencro to lend a hand.

Mike Flores with the SBA says, "It's a place for people to come and receive disaster assistance, basically it's a one stop shop. They'll be able to recieve one-on-one assistance by our staff."

Interest rates are as low as one-point-eight percent and loans range from 40-thousand to 200-thousand dollars. With Grossie's age, she's not "interested" in a loan, but she's not letting her age get in the way of rebuilding.

Grossie says, "Now that I'm getting...86 is kind of old, and I do many things that a lot of people can't do at 60."

Flood victims in Carencro aren't the only ones eligible for the loans.

People in need of assistance can go to Carencro City Hall and speak to one of the SBA officials. But residents in Acadia, Iberia, Lafayette, St. Landry, St. Martin and Vermilion are also eligible. The deadline to apply is July 16th for homeowners. Bring an ID and receipts as proof you've suffered a loss. "Business" owners have a little longer to apply...their deadline is next February.

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