Small business owners impacted by the 2016 floods are not completing the flood recovery survey as quickly as state officials had hoped. Economic Development Manager Lasonta Davenport with the Office of Community Development says they’re asking small business owners to complete the survey so they can assess the needs in the state.
“We just want to get an idea of where the businesses are now and what type of need the have so that we can continue to develop the small business loan program,” Davenport said.
Davenport says 423 businesses have completed the survey so far. That’s far short of the 22,000 businesses who were notified. The small business loan program offers loans for $20,000 to $50,000 for flood impacted businesses. She says the survey will help shape the program.
“We’ll assess what the need is that we find within our analysis of those surveys and take a look at the Restore Louisiana small business loan program and determine if there need to be any changes to that,” Davenport said.
The survey is online at restore.la.gov. Davenport says it will be quick and easy for small business owners to complete.
“They can go online. The survey should take no longer than 10 minutes to complete, and there’s also an option to provide contact information so that one of our lenders can reach out to that small business and speak with them personally,” Davenport said.