SBA disaster loans available for storm victims
by MBJ Staff
Published: January 3,2014
ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding business owners in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by the severe storms and tornadoes on April 11-12, 2013.
Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 2.875 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The loans are intended to pay fixed debts, payroll, accounts payable, and other expenses that could have been paid had the disaster not occurred. To be considered for this assistance, eligible entities need to apply by the deadline.
These EIDLs are available to small businesses and most private non-profit organizations in Kemper, Lowndes, Noxubee, Oktibbeha and Winston in Mississippi.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at disasterloan.sba.gov/ela.
To obtain disaster loan information and application forms, call the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or send an email to email@example.com. Loan application forms can also be downloaded from www.sba.gov/disaster. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth,
The deadline for economic injury applications is Jan. 21.
To sign up for Mississippi Business Daily Updates, click here.
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