SBA Provides Catastrophe Help to Mississippi Small Companies Affected by the Jackson Water Disaster – MEMA – Mississippi Emergency Administration Company

WASHINGTON – Mississippi small companies, small agricultural cooperatives, small aquaculture companies, and personal nonprofit organizations affected by the Jackson Water Disaster that started Aug. 30, could apply for low-interest Financial Damage Catastrophe Loans (EIDLs) from the U.S. Small Enterprise Administration, SBA Administrator Isabella Casillas Guzman introduced immediately.

Administrator Guzman made the loans out there in response to a letter from Mississippi Governor Tate Reeves on Sept. 12, requesting a catastrophe declaration by the SBA. Eligible candidates within the declared space can now apply for low-interest catastrophe loans from the SBA. The declaration covers Hinds County and the adjoining counties of Claiborne, Copiah, Madison, Rankin, Simpson, Warren and Yazoo in Mississippi.

“SBA’s mission-driven workforce stands prepared to assist small companies and personal nonprofit organizations in Hinds County impacted by the Jackson Water Disaster,” stated Administrator Guzman. “We’re dedicated to offering federal catastrophe loans swiftly and effectively, with a customer-centric method to assist companies and communities get better and rebuild.”

“For sure, protected consuming water is a necessity, and the lack of this important useful resource has resulted in devasting financial impacts on the individuals and companies of Jackson and surrounding communities,” stated Francisco Sanchez, Jr., Affiliate Administrator, Workplace of Catastrophe Help, U.S. Small Enterprise Administration. “Those who have suffered financial losses ought to discover consolation that the SBA is now prepared to maneuver quickly to supply federal catastrophe help.”

To help companies affected by the catastrophe, the SBA will open a Enterprise Restoration Middle (BRC) in Jackson, Miss., at 10 a.m. Saturday, Sept. 17:

SBA Enterprise Restoration Middle (BRC)

Hinds County

Chamber of Commerce Constructing 201 South President Avenue Jackson, MS 39201

Opening: Saturday, Sept. 17, 10 a.m. – 2 p.m.

Hours: Monday – Friday, 9 a.m. – 6 p.m. Open: Saturdays, 10 a.m. – 2 p.m. Closed: Sundays

Closes Completely: Saturday, Oct. 1 at 2 p.m.

Buyer Service Representatives can be out there on the BRC to reply questions in regards to the catastrophe mortgage program and assist enterprise house owners full their purposes. As a result of ongoing COVID-19 pandemic, the SBA has established protocols to assist shield the well being and security of the general public. All guests to the BRC are inspired to put on a face masks.

“For eligible candidates, the SBA affords Economic Injury Disaster Loans (EIDLs) to assist meet working capital wants brought on by the catastrophe,” stated SBA’s Mississippi District Director Janita R. Stewart.
Rates of interest are 3.04 p.c for companies and 1.875 p.c for nonprofit organizations, with phrases as much as 30 years. Mortgage quantities and phrases are set by the SBA and are primarily based on every applicant’s monetary situation.

Candidates could apply on-line utilizing the Digital Mortgage Utility (ELA) by way of SBA’s safe web site at DisasterLoanAssistance.sba.gov/ela/s and may apply underneath SBA declaration # 17621, not for the COVID-19 incident.

Catastrophe mortgage data and utility varieties may additionally be obtained by calling the SBA’s Buyer Service Middle at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or emailing DisasterCustome[email protected]. Mortgage purposes could also be downloaded at sba.gov/disaster. Accomplished purposes needs to be returned to the middle or mailed to: U.S. Small Enterprise Administration, Processing and Disbursement Middle, 14925 Kingsport Street, Fort Value, TX 76155.

The submitting deadline to return financial harm purposes is June 14, 2023.

###

In regards to the U.S. Small Enterprise Administration The U.S. Small Enterprise Administration helps energy the American dream of enterprise possession. As the one go-to useful resource and voice for small companies backed by the energy of the federal authorities, the SBA empowers entrepreneurs and small enterprise house owners with the assets and help they should begin, develop or increase their companies, or get better from a declared catastrophe. It delivers providers by way of an intensive community of SBA discipline workplaces and partnerships with private and non-private organizations. To be taught extra, go to www.sba.gov.