ATLANTA, -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations in Mississippi of the deadline to submit disaster loan applications for economic injury caused by severe weather and tornadoes on Dec. 23, 2014. The deadline to apply for a working capital disaster loan is Oct. 20, 2015.
"Businesses that suffered economic losses as a result of the disaster and want to apply for low-interest loans from the SBA are urged to do so before the Oct. 20 deadline," said Frank Skaggs, director of SBA Field Operations Center East.
Low-interest disaster loans are available in the counties of Jefferson Davis, Lamar, Lawrence, Marion, Pearl River and Walthall in Mississippi; and Washington Parish in Louisiana.
Working capital disaster loans up to $2 million are available at 4 percent for small businesses, and 2.625 percent for private nonprofit organizations 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.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.
Applications and program information are available by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by sending an email to firstname.lastname@example.org. Loan applications can also be downloaded from the SBA's website at www.sba.gov/disaster.
Completed applications should be mailed to:
U.S. Small Business Administration, Processing and Disbursement Center
14925 Kingsport Road,
Fort Worth, TX 76155
The deadline to return economic injury applications is Oct. 20, 2015.
For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov/disaster.
Sept. 17, 2015 /PRNewswire-USNewswire/