Center opens Thursday to help businesses affected by historic floods

TOPSHOT - Tracy Thornton walks to his house through a flooded neighborhood August 15, 2016 in Baton Rouge, Louisiana.
Floods ravaged the US state of Louisiana, leaving six people dead and thousands more forced to flee rising waters after days of catastrophic rainstorms. 

 / AFP / Brendan Smialowski        (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

TOPSHOT - Tracy Thornton walks to his house through a flooded neighborhood August 15, 2016 in Baton Rouge, Louisiana. Floods ravaged the US state of Louisiana, leaving six people dead and thousands more forced to flee rising waters after days of catastrophic rainstorms. / AFP / Brendan Smialowski (Photo credit should read BRENDAN SMIALOWSKI/AFP/Getty Images)

WALKER, La. (WGNO) — Was your business affected by the devastating Louisiana floods?

The U.S. Small Business Administration, Louisiana Economic Development and Louisiana Small Business Development Centers today announced the opening of the Walker Business Recovery Center to help.

The center is located at the Southeastern Louisiana University Literacy and Technology Center, Room 101, 9261 Florida Blvd. in Walker. It will be open on weekdays from 8 a.m. to 4:30 p.m., starting Thursday.

No appointment is necessary. All services are provided free of charge.

SBA representatives will meet with each business owner to explain how an SBA disaster loan can help finance their recovery.

Consultants at the center will provide counseling on a wide variety of matters designed to help small business owners re-establish their operations, overcome the effects of the disaster and plan for their future.

Services include assessing business economic injury, evaluating the business’s strength, cash flow projections and most importantly, a review of all options to ensure each business makes decisions that are appropriate for its situation.

LED is providing a complete resource guide for flood assistance at OpportunityLouisiana.com.

Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. These loans cover losses that are not fully covered by insurance or other recoveries.

Click here for more information.