Magnolia Square

Magnolia Square is a 241,049 square foot Target, Ross Dress for Less, Michaels, PetSmart anchored shopping center located on Martin Luther King Blvd. in Houma, LA.  Located 60 miles SW of New Orleans, Magnolia Square is strategically located in the main retail corridor of Terrebonne Parrish.

Chase Properties wants to do everything it can to help our tenants navigate through this process. We are partners with our small business tenants during this difficult time.

On Monday, May 3rd, the Small Business Administration has started accepting applications for its Restaurant Relief Fund (RRF). The $28.6 billion RRF provides funding to help restaurants and other food and drink businesses for revenues lost during the COVID-19 pandemic. Your tenants may be eligible to apply for the RRF and rent is an allowable use of funds. While we are not experts and can’t answer specifics related to the RRF, we encourage all Borrowers and tenants to visit the SBA website and determine if their company is eligible. Here is the weblink: https://www.sba.gov/funding-programs/loans/covid-19-relief-options/restaurant-revitalization-fund.

Attached is additional information from the SBA summarizing the second draw PPP information followed by resources from Fifth/Third Bank. The Second Draw PPP Borrower Application is linked beneath. The third document details what’s new and what has changed for restaurants in regard to the second round of PPP funding.

Small Business Association _ Fifth Third

PPP Second Draw Borrower Application Form (1.8.2021)-508

NRA_Pandemic_Relief_Overview_v2