WASHINGTON
– Mississippi businesses and residents affected by the severe storms and flooding on Aug. 12 - 14, 2016 can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Maria Contreras-Sweet announced today.
Administrator Contreras-Sweet made the loans available in response to a letter from Gov. Phil Bryant on Sept. 30, requesting a disaster declaration by the SBA. The declaration covers Wilkinson County and the adjacent counties of Adams, Amite and Franklin in
Mississippi
; and the parishes of Concordia, East Feliciana and West Feliciana in
Louisiana
.
“The SBA is strongly committed to providing the people of Mississippi with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Administrator Contreras-Sweet. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
SBA Customer Service Representatives will be at the Disaster Loan Outreach Center to issue loan applications, answer questions and help individuals complete their applications. The center is located in the following community and is open as indicated:
Wilkinson County
Crosby Baptist Church
115 Church Street
Crosby, MS 39633
Opening: Wednesday, Oct. 12 at 10 a.m.
Hours: Weekdays from 8 a.m. to 4:30 p.m.; Saturday, Oct. 15 from 10 a.m. to 2 p.m.
Closes: Tuesday, Oct. 18 at 3 p.m.
“Businesses and 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,” said SBA Mississippi District Director Janita R. Stewart.
For small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
“Loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Frank Skaggs, director of SBA’s Disaster Field Operations Center East in Atlanta.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may now include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 4 percent for businesses, 2.625 percent for nonprofit organizations, and 1.563 percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
Survivors may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov/disaster
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
Dec. 5, 2016
. The deadline for economic injury applications is
July 6, 2017
.
WASHINGTON
– Mississippi businesses and residents affected by the severe storms and flooding on Aug. 12 - 14, 2016 can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Maria Contreras-Sweet announced today.
WASHINGTON
Administrator Contreras-Sweet made the loans available in response to a letter from Gov. Phil Bryant on Sept. 30, requesting a disaster declaration by the SBA. The declaration covers Wilkinson County and the adjacent counties of Adams, Amite and Franklin in
Mississippi
; and the parishes of Concordia, East Feliciana and West Feliciana in
Louisiana
.
Mississippi
Louisiana
“The SBA is strongly committed to providing the people of Mississippi with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said Administrator Contreras-Sweet. “Getting our businesses and communities up and running after a disaster is our highest priority at SBA.”
SBA Customer Service Representatives will be at the Disaster Loan Outreach Center to issue loan applications, answer questions and help individuals complete their applications. The center is located in the following community and is open as indicated:
Wilkinson County
Wilkinson County
Crosby Baptist Church
115 Church Street
Crosby, MS 39633
Opening: Wednesday, Oct. 12 at 10 a.m.
Hours: Weekdays from 8 a.m. to 4:30 p.m.; Saturday, Oct. 15 from 10 a.m. to 2 p.m.
Closes: Tuesday, Oct. 18 at 3 p.m.
“Businesses and 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,” said SBA Mississippi District Director Janita R. Stewart.
For small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations, the SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster. EIDL assistance is available regardless of whether the business suffered any physical property damage.
“Loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property,” said Frank Skaggs, director of SBA’s Disaster Field Operations Center East in Atlanta.
Applicants may be eligible for a loan amount increase up to 20 percent of their physical damages, as verified by the SBA for mitigation purposes. Eligible mitigation improvements may now include a safe room or storm shelter to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 4 percent for businesses, 2.625 percent for nonprofit organizations, and 1.563 percent for homeowners and renters with terms up to 30 years. Loan amount and terms are set by the SBA and are based on each applicant’s financial condition.
Survivors may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
https://disasterloan.sba.gov/ela
.
Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov/disaster
. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to submit applications for physical property damage is
Dec. 5, 2016
. The deadline for economic injury applications is
July 6, 2017
.
Dec. 5, 2016
July 6, 2017