WASHINGTON
– Mississippi businesses and residents affected by the severe weather and flooding on Dec. 27-28, 2018, can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Linda McMahon announced today.
Administrator McMahon made the loans available in response to a letter from Gov. Phil Bryant on Jan. 28, 2019, requesting a disaster declaration by the SBA. The declaration covers Clarke, Forrest, Jones, Perry and Wayne and the adjacent counties of Covington, George, Greene, Jasper, Lamar, Lauderdale, Newton, Pearl River, Smith and Stone in
Mississippi
; and Choctaw and Washington in
Alabama
.
Mississippi
; and Choctaw and Washington in
Alabama
.
“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 McMahon. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Mississippi
with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said McMahon. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Centers to answer questions about the disaster loan program and help individuals complete their applications.
The Centers are located in the following communities and are open as indicated:
Clarke County
Clarke County Emergency Management Agency
642 South Archusa Avenue
Quitman, MS 39355
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Forrest County
CE Roy Community Center
300 East 5th Street
Hattiesburg, MS 39401
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Jones County
Jones County Emergency Management Agency
22 Mason Street
Laurel, MS 39440
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Perry County
Perry County Multipurpose Center
1194 Highway 15
Richton, MS 39476
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Wayne County
City Four Voting Precinct
810 Chickasawhay Street
Waynesboro, MS 39367
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s Mississippi District Director Janita Stewart.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan 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 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 Kem Fleming, center director of SBA’s 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 include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 3.74 percent for businesses, 2.75 percent for nonprofit organizations, and 2 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.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
.
DisasterLoan.sba.gov
.
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
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is
. The deadline to return economic injury applications is
.
April 1, 2019
. The deadline to return economic injury applications is
Oct. 31, 2019
.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit
www.sba.gov
.
WASHINGTON
– Mississippi businesses and residents affected by the severe weather and flooding on Dec. 27-28, 2018, can apply for low-interest disaster loans from the U.S. Small Business Administration, Administrator Linda McMahon announced today.
WASHINGTON
Administrator McMahon made the loans available in response to a letter from Gov. Phil Bryant on Jan. 28, 2019, requesting a disaster declaration by the SBA. The declaration covers Clarke, Forrest, Jones, Perry and Wayne and the adjacent counties of Covington, George, Greene, Jasper, Lamar, Lauderdale, Newton, Pearl River, Smith and Stone in
Mississippi
; and Choctaw and Washington in
Alabama
.
Mississippi
; and Choctaw and Washington in
Alabama
.
Mississippi
Alabama
“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 McMahon. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Mississippi
with the most effective and customer-focused response possible to assist businesses of all sizes, homeowners and renters with federal disaster loans,” said McMahon. “Getting businesses and communities up and running after a disaster is our highest priority at SBA.”
Mississippi
SBA’s Customer Service Representatives will be available at the Disaster Loan Outreach Centers to answer questions about the disaster loan program and help individuals complete their applications.
The Centers are located in the following communities and are open as indicated:
Clarke County
Clarke County
Clarke County Emergency Management Agency
642 South Archusa Avenue
Quitman, MS 39355
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Forrest County
Forrest County
CE Roy Community Center
300 East 5th Street
Hattiesburg, MS 39401
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Jones County
Jones County
Jones County Emergency Management Agency
22 Mason Street
Laurel, MS 39440
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Perry County
Perry County
Perry County Multipurpose Center
1194 Highway 15
Richton, MS 39476
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
Wayne County
Wayne County
City Four Voting Precinct
810 Chickasawhay Street
Waynesboro, MS 39367
Opens: Tuesday, Feb. 5 at 11 a.m.
Hours: Monday through Friday, 10 a.m. – 7 p.m.
Saturdays, 9 a.m. – 1 p.m.
Closed: Sundays
“Businesses and private nonprofit organizations may borrow up to $2 million to repair or replace disaster damaged or destroyed real estate, machinery and equipment, inventory, and other business assets,” said SBA’s Mississippi District Director Janita Stewart.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations, the SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic Injury Disaster Loan 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 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 Kem Fleming, center director of SBA’s 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 include a safe room or storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage caused by a similar disaster.
Interest rates are as low as 3.74 percent for businesses, 2.75 percent for nonprofit organizations, and 2 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.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at
.
DisasterLoan.sba.gov
.
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
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
disastercustomerservice@sba.gov
. Loan applications can also be downloaded at
www.sba.gov
. Completed applications should be returned to the centers or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
The filing deadline to return applications for physical property damage is
. The deadline to return economic injury applications is
.
April 1, 2019
. The deadline to return economic injury applications is
Oct. 31, 2019
.
April 1, 2019
Oct. 31, 2019
About the U.S. Small Business Administration
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit
www.sba.gov
.