SBA OKs funds for Isaac loans | The Advocate

The U.S. Small Business Administration has approved more than $63 million in federal disaster loans for Louisiana homeowners, renters and businesses who sustained damage from Hurricane Isaac.

SBA District Director Michael Ricks said the agency approved $60 million in loans to 1,865 residents and $3.2 million in loans to 90 businesses and private, nonprofit organizations impacted by the disaster.

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