RECORDING: Online Forum with the SBA
LOUISIANA REALTORS • April 6, 2020
Louisiana REALTORS® hosted Jo Ann Lawrence, Deputy Director of the Deputy Director of the U.S. Small Business Administration Louisiana Office, and Susheel Kumar, Public Information Officer, for the U.S. Small Business Office of Disaster Assistance, Field Operations Center – West, to provide a high-level overview of SBA programs available to assist businesses during this current crisis.
With over 1,000 REALTORS from around the state tuning it, we have made this recording available for playback along with a copy of the presentation for reference. This recording is approximately 1 hour in length and provides information on various SBA programs available to assist REALTORS® who have experienced business losses and setbacks due to the coronavirus pandemic.
One important item to note is that good record-keeping throughout the process is essential. In order to apply and for funds to possibly be forgiven you will need to provide information and demonstrate the qualifying amount to your lender and/or the SBA. Additionally, the SBA has moved swiftly to make these funds available and the SBA and lenders alike are still putting some processes into place to administer these programs. We are all reminded to be patient, yet persistent.
It is difficult to determine what is best for each business owner’s situation. In real estate, there are a wide range of business models and what is right for one model may not be right for another. Therefore, Louisiana REALTORS® suggests you consult with your accountant and financial advisor or talk with your business banking institution to determine the option that is best suited for your needs. A consolidated list of the more common and general questions following the call will be posted at a later date.
For more information always check back to: SBA and LED Financial Assistance
and the U.S. Department of the Treasury - Assistance for Small Businesses
Association emphasizes lower monthly expenses, more housing options and practical relief for Louisiana families.
Want Your Teen to Own a Home Someday? Start Talking Money Now Teens may not be thinking about mortgage rates or down payments just yet, but the money habits they’re building now can follow them for years. And 88% of teens surveyed by Fannie Mae and Junior Achievement said they want to own a home someday. This week’s Consumer Guide: Talk to Your Teens About Money and Homeownership makes those conversations a little easier, covering everything from credit scores and budgeting to debt, renting versus owning and saving for that eventual down payment. So yes, you may have to interrupt the doomscrolling. But helping teens get smarter about money today could put them in a much better position to get the keys to a home of their own down the road. Download all of NAR’s Consumer Guides in English or Spanish at facts.realtor. For ease of reference, below is a list of the most recent guides: NEW: Teen Financial Literacy Fraud Red Flags Helping Family Members Become Homeowners Prepare Your Home for Hurricane Season Condominium Insurance Thank you for your continued engagement with the “Consumer Guide” series and for sharing the resources with prospective clients to ensure they have the information they need to find success in their home buying or selling journey. Remember that these guides are for informational purposes only and are not meant to enact or change any existing NAR policy. The next Consumer Guide, scheduled for publication on Oct. 21, will cover winter cold and storm preparedness.
Homeownership Is on Louisiana's November Ballot
