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SBA closing one Coast recovery center

PASCAGOULA — The U.S. Small Business Administration (SBA) will close the Pascagoula Business Recovery Center in Jackson County today at the close of business.

Centers in George, Harrison, Hancock and Stone counties will remain open.

The SBA is encouraging small businesses and most private non-profit organizations of all sizes affected by the Deepwater BP Oil Spill to visit any of the other centers.

Eligible small businesses may qualify for (EIDLs) up to $2 million. The SBA offers EIDLs to help meet working capital needs caused by the disaster.

Interest rates are 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Eligibility for an EIDL is determined by the SBA based on the size and type of business and its financial resources. The SBA sets loan amounts and terms based on each applicant’s financial condition.

Anyone in the areas that are repaying previous SBA disaster loans also may be eligible for a deferment, on a case-by-case basis.

For more information on seeking a disaster loan application or deferment, small business owners may visit a Business Recovery Center located throughout the declared areas or contact SBA’s Customer Service Center toll-free at 1-800-659-2955 for specific details.

Business Owners may apply for disaster loans on SBA’s secure website at https://disasterloan.sba.gov/ela/.

The deadline to return economic injury applications is Feb. 14, 2011.

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