Livingston Parish gets high number of federal loans
DENHAM SPRINGS - Livingston Parish has the highest rate of federal loans awarded among parishes affected by the August flood.
According to statistics provided by the Small Business Administration, 3,646 loans have been granted in a parish where 90 percent of structures reportedly flooded. In comparison, East Baton Rouge Parish has only been awarded 1.5 times more loans, but has a population four times greater.
The loans are meant to help revitalize decimated communities. Damage to businesses specifically has caused sales tax collections to plunge. Denham Springs took a 27 percent hit during the month of August in a city where up to 80 percent of businesses were inundated.
Across South Louisiana, the SBA has approved $901 million in loans, the vast majority to homeowners and renters.
The three parishes granted the most in loans are:
-East Baton Rouge $421,606,700
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Officials to announce launch of MovEBR website, program
A 10-year-old businesswoman putting her stamp on the skin-care industry
Woman bites camel to save herself after freak encounter in Iberville Parish
Officer shot, killed in Mandeville was former Marine; leaves behind 7 children
East Baton Rouge on track to break record number of overdose deaths
Southern Center Jaylon Brinson excited to play in front of home town
Fans' Choice Award Winner 2019: Week 1- Isaiah Jones
Coach O Postgame after Lsu defeats Texas 45-38
Hunter Register leads Southern's offense despite loss to McNeese
Taylor Bannister's journey to becoming a LSU Volleyball Superstar