Still time to apply for no-interest, 40 percent forgivable loan through Restore Louisiana program

Five area business owners closed on no-interest, 40-percent forgivable loans Thursday. There’s more where that came from — $6 to $7 million more — for those who qualify, according to Dane Bergeron. Nonprofit companies may also apply.

But time is running out. The deadline is noon Monday, Dec. 30.

Bergeron is the assistant field manager from the South Central Planning & Development Commission (SCPDC) Restore Louisiana Small Business Loan Program. He’s been going around Allen, Beauregard, Calcasieu, Cameron, Jeff Davis and Vernon parishes, telling business owners and officials about the Restore Louisiana Small Business Loan Program.

“This was money from the Laura/Delta disaster, money from the feds that we fought a long time to get, and we finally got the allocation. It was a fair and equitable response,” said Lake Charles Mayor Nic Hunter. “And, I think we’ve got to be honest about that. Our delegation, our federal delegation, really did fight for us. It was a joint effort between the federal delegation and the governor. This is money we fought for. So we want to see it utilized.”

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