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Disaster Press Releases

MS 13274 - May 30 is Deadline to Apply for Economic Injury Disaster Loans in Mississippi Due to Hurricane Isaac

ATLANTA - The U.S. Small Business Administration is reminding businesses in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by Hurricane Isaac between Aug. 26 and Sept. 11, 2012. 
 
“Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the May 30 deadline,” said Frank Skaggs, director of SBA Field Operations Center East in Atlanta.
 
Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 3 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred.  To be considered for this assistance, eligible entities need to apply by the deadline.
 
These EIDLs are available to small businesses and most private non-profit organizations in the following counties: Adams, Amite, Claiborne, Clarke, Copiah, Covington, Forrest, Franklin, George, Greene, Hancock, Harrison, Hinds, Issaquena, Jackson, Jasper, Jefferson, Jefferson Davis, Jones, Lamar, Lauderdale, Lawrence, Lincoln, Madison, Marion, Newton, Pearl River, Perry, Pike, Rankin, Simpson, Smith, Stone, Walthall, Warren, Wayne, Wilkinson and Yazoo in Mississippi; Choctaw and Mobile in Alabama; and the parishes of Concordia, East Carroll, East Feliciana, Madison, Saint Helena, Saint Tammany, Tangipahoa, Tensas, Washington and West Feliciana in Louisiana.
 
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
 
To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to disastercustomerservice@sba.gov.  Loan application forms can also be downloaded from www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.
 
The deadline for economic injury applications is May 30, 2013.
 
 
# # #
Release Number: 
13-523
Release Date: 
Wednesday, May 1, 2013
Contact: 
Michael Lampton
Related State: 
Mississippi
Alabama
Louisiana
Field Operations Center: 
East