Disaster loan deadline nears
Published: December 18,2009
SOUTH MISSISSIPPI — The U.S. Small Business Administration (SBA) is reminding small businesses affected by the severe storms and flooding that occurred from March 25-28 that Jan. 19, 2010, is the filing deadline for Economic Injury Disaster Loans.
Small businesses and most private non-profit organizations in Jackson, George, Harrison and Stone counties are eligible to apply for SBA Economic Injury Disaster Loans.
Loans are available up to $2 million for eligible entities that suffered substantial economic injury from the disaster. These working capital loans may be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred. These loans are not intended to replace lost sales or profits.
The interest rate on these loans is 4 percent, with a maximum term of 30 years. The SBA determines the amount of economic injury and the terms of each loan based on the financial circumstances of the borrower. Eligibility for the program is based on the size and type of business, and its financial resources.
To obtain a loan application, interested business owners should contact the SBA’s Customer Service Center by calling 1-800-659-2955 (1-800-877-8339 for the hearing-impaired), or by sending an e-mail to email@example.com. Business disaster loan applications can also be downloaded from www.sba.gov/services/disasterassistance. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
Victims may visit the SBA’s secure web site at https://disasterloan.sba.gov/ela/ to apply for disaster loans.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- Brandon man hauls in record 756-pound alligator
- Is cotton looking too good? Farmers facing weaker prices
- Woman found guilty of murder in buttocks injection case
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- Healthcare Marketplace to look much the same in 2015