WASHINGTON
– Mississippi businesses and residents affected by severe weather including tornadoes, winds, torrential rains, lightning and flooding on April 30, 2017, can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Linda McMahon announced today.
McMahon made the loans available in response to a letter from Gov. Phil Bryant on June 6, requesting a disaster declaration by the SBA. The declaration covers Holmes and Montgomery counties and the adjacent counties of Attala, Carroll, Choctaw, Grenada, Humphreys, Leflore, Madison, Webster and Yazoo in
Mississippi
.
“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 the 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:
Holmes County
Durant Missionary Baptist Church
Durant, MS 39063
Opens:
Wednesday, June 14 from 12 p.m. to 5 p.m.
Hours:
10 a.m. – 7 p.m., Thursday and Friday
10 a.m. – 2 p.m., Saturday (closed Sunday)
10 a.m. – 7 p.m., Monday and Tuesday
8 a.m. – 5 p.m., Wednesday
Closes:
Thursday, June 22 from 10 a.m. to 5 p.m.
Montgomery County
Montgomery County Elementary School
Kilmichael, MS 39747
Opens:
Wednesday, June 14 from 12 p.m. to 7 p.m.
Hours:
10 a.m. – 7 p.m., Thursday and Friday
10 a.m. – 2 p.m., Saturday (closed Sunday)
10 a.m. – 7 p.m., Monday – Wednesday
10 a.m. – 5 p.m., Thursday
Closes:
Thursday, June 22 from 10 a.m. to 5 p.m.
“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 Frank Skaggs, 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 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 3.215 percent for businesses, 2.5 percent for nonprofit organizations, and 1.938 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
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 return applications for physical property damage is
Aug. 11, 2017
. The deadline to return economic injury applications is
March 12, 2018
.
WASHINGTON
– Mississippi businesses and residents affected by severe weather including tornadoes, winds, torrential rains, lightning and flooding on April 30, 2017, can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Linda McMahon announced today.
WASHINGTON
McMahon made the loans available in response to a letter from Gov. Phil Bryant on June 6, requesting a disaster declaration by the SBA. The declaration covers Holmes and Montgomery counties and the adjacent counties of Attala, Carroll, Choctaw, Grenada, Humphreys, Leflore, Madison, Webster and Yazoo in
Mississippi
.
Mississippi
“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 the 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:
Holmes County
Holmes County
Durant Missionary Baptist Church
Durant, MS 39063
Opens:
Wednesday, June 14 from 12 p.m. to 5 p.m.
Opens:
Hours:
10 a.m. – 7 p.m., Thursday and Friday
Hours:
10 a.m. – 2 p.m., Saturday (closed Sunday)
10 a.m. – 7 p.m., Monday and Tuesday
8 a.m. – 5 p.m., Wednesday
Closes:
Thursday, June 22 from 10 a.m. to 5 p.m.
Closes:
Montgomery County
Montgomery County
Montgomery County Elementary School
Kilmichael, MS 39747
Opens:
Wednesday, June 14 from 12 p.m. to 7 p.m.
Opens:
Hours:
10 a.m. – 7 p.m., Thursday and Friday
Hours:
10 a.m. – 2 p.m., Saturday (closed Sunday)
10 a.m. – 7 p.m., Monday – Wednesday
10 a.m. – 5 p.m., Thursday
Closes:
Thursday, June 22 from 10 a.m. to 5 p.m.
Closes:
“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 Frank Skaggs, 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 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 3.215 percent for businesses, 2.5 percent for nonprofit organizations, and 1.938 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
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 return applications for physical property damage is
Aug. 11, 2017
. The deadline to return economic injury applications is
March 12, 2018
.
Aug. 11, 2017
March 12, 2018