SBA offering disaster relief to businesses in six counties

by MBJ Staff

Published: September 15,2011

Tags: disaster recovery, drought, hail, heat, natural disaster, rains, severe weather, small businesses, tornadoes, Weather, winds

MISSISSIPPI DELTA — Small, non-farm businesses in six Delta counties in Mississippi are now eligible to apply for low-interest disaster loans from the U.S. Small Business Administration (SBA).

These loans offset economic losses because of reduced revenues caused by the combined effects of hail, high winds, flooding, widespread drought and excessive heat that began April 1.

The eligible counties are Bolivar, Coahoma, DeSoto, Issaquena, Tunica and Washington.

Small, non-farm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, non-profit organizations of any size may qualify for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure web site at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling SBA toll-free at (800) 659-2955, emailing disastercustomerservice@sba.gov, or visiting SBA’s web site at www.sba.gov/services/disasterassistance. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.

The deadline to apply for these loans is May 7, 2012.

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