Restore App Instructions

INSTRUCTIONS
Click Here For the Online Application
 
CLICK HERE FOR PAGES THAT MUST BE COMPLETED BY HAND AND UPLOADED WITH YOUR APPLICATION

Please follow the instructions carefully. Only complete applications will be accepted.
  1. Review the “Eligibility Checklist” to see if you may qualify.
  2. If you feel that you may qualify, fill out this application.
  3. Review the “Required Documentation Checklist,” and ensure that all documents are included in your submission.
  4. The subrecipients listed below are available to provide assistance with filling out the HUD-required forms at the end of this application.
We look forward to working with you.
 

Eligibility Checklist

To be eligible for the program, an applicant must meet all of the following criteria1:
  • Must be either a for-profit business or a private non-profit organization located in one of the 51 parishes impacted by the 2016 Severe Storms and Flooding Events: Acadia, Allen, Ascension, Avoyelles, Beauregard, Bienville, Bossier, Caddo, Calcasieu, Caldwell, Catahoula, Claiborne, DeSoto, East Carroll, East Baton Rouge, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson Davis, Lafayette, LaSalle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Ouachita, Pointe Coupee, Rapides, Red River, Richland, Sabine, St. Helena, St. James, St. Landry, St. Martin, St. Tammany, Tangipahoa, Union, Vermilion, Vernon, Washington, Webster, West Baton Rouge, West Carroll, West Feliciana and Winn.
Religious non-profit organizations will be evaluated for eligibility and ability to service debt based on the
secular operations of their organizations. (For example, if you are a religious organization with a secular
child care center, the child care center would be considered eligible to apply.)
  • Has additional eligible funding needs after accounting for all insurance, federal, state, local and private proceeds received due to the flood that are considered to be a duplication of benefit.
  • Was operating at the time of the respective storm or flood event. The applicant business must have been open before April 8, 2016 for the March 2016 floods and before August 31, 2016 for the August 2016 floods.
  • Must either a) be currently operating or b) demonstrate the ability to reopen upon receiving assistance from the program.
  • Businesses that are closed at the time of application, but who will be able to reopen upon receiving assistance from the program must have a business plan and demonstrate they have the funding necessary to reopen. Closed businesses must commit to re-opening in an eligible parish; they are not required to re-open in the same location in which they were operating at the time of the flood.
  • Has a minimum of one (1) full-time equivalent employee and no more than 50 full-time equivalent employees. (FTEs = Full-Time Equivalents = 35 hours per week)
  • Had a pre-storm minimum annual gross revenue of $25,000.
  • Was directly impacted by the storms/floods, as a documented physical or financial loss.
    • In order to qualify under physical loss, a business must demonstrate they had a minimum of $10,000 in third-party verified physical damages or losses.
    • In order to qualify under a financial loss, a business must demonstrate a 20% annual gross revenue decline from 2015 to 2016.
Provides essential goods or services to an impacted community. Examples of goods and services include grocery stores, pharmacies, healthcare providers, gas stations, residential constructionrelated companies, childcare providers, locally-owned restaurants and residential service providers.
 

Loan Request Documentation
The business must provide supporting documentation for the items requested in the loan application. The documentation requirements for working capital requests are as follows:
  • Rent/Mortgage: executed Lease/Mortgage or proof of payment
  • Employee Wages: certified payroll registers or employee reporting forms
  • Electricity, Water and Gas Utilities: utility Service Provider Bills
  • Monthly inventory Bills
If the business is requesting assistance for purchasing movable goods, the business must provide documentation, invoices and/or receipts with adequate description to determine the nature of the equipment and the installation requirements associated with making the equipment usable. If the requested equipment is replacement for equipment damaged or destroyed by the floods, then the applicant business must provide verification of loss or damage (which may include pictures). If the requested equipment is necessary for the business to reopen and/or remain viable in the post-storm economy, the applicant business must provide justification for the new piece of equipment.

***IF YOU DO NOT MEET ALL OF THESE ELIGIBILITY REQUIREMENTS, PLEASE CONTACT NEWCORP, INC FOR ASSISTANCE. ***