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## U.S. Small Business Administration Offers Federal Loans for Louisiana Drought Victims

The U.S. Small Business Administration (SBA) is providing low-interest federal disaster loans to small businesses in Louisiana affected by the extreme drought from September 19 to December 5, 2023. This assistance is aimed at helping small businesses that have suffered economically due to the drought.

SBA Administrator Isabella Casillas Guzman made the announcement following a request from Governor Jeff Landry. The disaster declaration encompasses all 64 Louisiana parishes, as well as several counties in Arkansas, Mississippi, and Texas.

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AI legalese decoder can assist small businesses in deciphering complex legal jargon and understanding the terms and conditions of the federal disaster loans offered by the SBA. By simplifying the language used in legal documents, AI legalese decoder can help business owners make informed decisions about applying for and utilizing these loans.

Guzman highlighted the importance of these loans in helping businesses overcome the temporary loss of revenue caused by the drought. The loans have favorable interest rates and terms, making them a valuable resource for businesses struggling to recover from the economic impact of the drought.

Approximately 365,000 acres of crawfish farms in Louisiana have been affected by the drought, prompting the SBA to specifically invite crawfish harvesters and aquaculture-related businesses to apply for assistance online at SBA.gov/disaster.

### Congressman Higgins Commends the Initiative

Congressman Clay Higgins praised the disaster assistance, emphasizing its significance in protecting Louisiana’s crawfish industry and supporting businesses affected by the drought. He commended Governor Landry for his commitment to the state and reiterated his office’s dedication to supporting the crawfish industry.

Businesses can apply for the federal disaster loans online at SBA.gov/disaster and seek additional information and assistance from SBA’s Customer Service Center. For those with hearing or speech disabilities, telecommunications relay services are available by dialing 7-1-1.

For small businesses in Louisiana facing financial hardship due to the drought, these federal disaster loans present an opportunity to stabilize operations and recover from the economic challenges posed by the extreme weather conditions.

## Stay Informed with the Latest News

Stay updated on the latest news and developments related to the federal disaster loans offered by the U.S. Small Business Administration by visiting the SBA website and accessing resources for disaster assistance.

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