Deadline approaching for drought-related aid from SBA
by MBJ Staff
Published: April 2,2013
NORTH MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that April 29 is the filing deadline for federal economic injury disaster loans available in Benton, Calhoun, Lafayette, Marshall, Panola, Pontotoc, Tate, Tippah, Union and Yalobusha counties in Mississippi as a result of the drought between July 3-Aug. 27, 2012.
Under this declaration, the SBA’s Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.
The working capital loan amount can be up to $2 million with interest rates as low as 4 percent for eligible small businesses and 3 percent for non-profit organizations with terms up to 30 years.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to firstname.lastname@example.org. Loan applications can be downloaded from the SBA’s website at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Jail kitchen supervisor pleads guilty to stealing food
- Warden who lives hundreds of miles from jail resigns
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Top 10 finalists chosen for C Spire Conerly Trophy
- Ex-MDEQ leader Fisher joins Butler Snow
- State’s new banking chief Charlotte Corley has deep roots in the business
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- BankPlus recognized for alternative program to payday lending