News Column

Over $5 Million in SBA Disaster Loans Approved in Mississippi; Deadline Approaching for Physical Damage

June 5, 2014



By a News Reporter-Staff News Editor at Politics & Government Week -- The U.S. Small Business Administration has approved more than $5 million in Disaster Assistance Loans for residents in Mississippi affected by the severe storms, tornadoes and flooding from April 28 through May 3, 2014. Also, the SBA reminds homeowners, renters, businesses and non-profit organizations in Mississippi that the deadline to submit a physical disaster loan application is June 30, 2014.

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"Currently, 74 disaster loans have been approved in the amount of $5,088,500 for affected survivors," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta. "We are pleased to get these loans approved so residents in the disaster area can start to rebuild and resume their normal lives. I encourage anyone who has not submitted an SBA disaster loan application to do so as quickly as possible."

The disaster declaration covers the counties of Itawamba, Jones, Leake, Lee, Lowndes, Madison, Montgomery, Rankin, Simpson, Warren, Wayne and Winston in Mississippi which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private non-profit organizations in the following adjacent counties are eligible to apply only for SBA Economic Injury Disaster Loans: Attala, Carroll, Chickasaw, Choctaw, Claiborne, Clarke, Clay, Copiah, Covington, Forrest, Greene, Grenada, Hinds, Holmes, Issaquena, Jasper, Jefferson Davis, Kemper, Lawrence, Monroe, Neshoba, Newton, Noxubee, Oktibbeha, Perry, Pontotoc, Prentiss, Scott, Smith, Tishomingo, Union, Webster and Yazoo in Mississippi; Choctaw, Franklin, Lamar, Marion, Pickens and Washington in Alabama; East Carroll, Madison and Tensas in Louisiana.

To be considered for all forms of disaster assistance, call the Federal Emergency Management Agency (FEMA) at 800-621-FEMA (3362), (TTY) 800-462-7585 for the deaf and hard-of-hearing and register.

Survivors 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 disastercustomerservice@sba.gov. Loan applications can 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, TX 76155.

The deadline to return SBA applications for physical property damage is June 30, 2014. The deadline to return applications for economic injury is January 30, 2015.

For more information about the SBA's Disaster Loan Programs, visit our website at www.sba.gov/disaster

Release Number: 14-239, MS 13959/13960

Keywords for this news article include: U.S. Small Business Administration, Government Agencies Offices and Entities.

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Source: Politics & Government Week


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