Home » NEWS » Banking & Finance » SBA offering disaster loans to tornado victims

SBA offering disaster loans to tornado victims

NOXUBEE COUNTY — The Small Business Administration is offering disaster loans to residents and business owners in Noxubee County affected by a tornado that severely damaged parts of Shuqualak on April 12.

The Mississippi Emergency Management Agency has reported 49 homes and 12 businesses were either destroyed or damaged as a result of the storm.

The SBA has set up a temporary disaster loan outreach center on U.S. Highway 45 in Macon.

The SBA says low-interest loans up to $200,000 will be available to homeowners to repair or replace damaged real estate and up to $40,000 for personal property.

Businesses and nonprofit organizations can apply for loans up to $2 million to repair and replace real estate, equipment, inventory and machinery.

The disaster declaration also covered Lowndes, Oktibbeha, Kemper and Winston counties.

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>