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Question
Are there ANY decent business loans or grants out there for businesses destroyed in Hurricane Katrina? I have a friend who had a business destroyed in Hurricane Katrina. He didn't qualify for enough of an SBA loan to fix or replace everything that was destroyed in the hurricane. He needs to know if there are any grants or low interest loans of any kind.
By mskimy34 Posted on 03/24/06 Total Answers 2
Answers-
Yes, there is a grant for Hurricane Katrina -- Grant# 93.776 Hurricane Katrina Relief -- but it is not for those who wish to rebuild their business. This grant's objective is to: To provide additional Federal payments under Katrina hurricane-related multi-State Section 1115 Demonstrations to reimburse affected States for the nonfederal share of specified medical care hurricane-related expenditures and associated administrative costs, and the total uncompensated care costs for affected States. Also, with respect to Katrina hurricane-related affected counties or parishes in Alabama, Louisiana and Mississippi, to provide the nonfederal share of medical care expenditures furnished to Title XIX and Title XXI individuals under existing State plans. In addition, if approved by the Secretary, funds may be used by the State to restore access to health care in Katrina impacted communities. You can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture for a Katrina victim.
Answer by : imisidro On Date 2006-03-25 11:34:23

They were so slow saving lives, do you expect them to save businesses? Doubt it
Answer by : lapu027 On Date 2006-03-25 12:41:44

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