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Last updated on April 21, 2014 at 1:20 EDT

Mississippi Deadline to Apply for Economic Injury Disaster Loans is Oct. 4

September 6, 2013

ATLANTA, Sept. 6, 2013 /PRNewswire-USNewswire/ — The U.S. Small Business Administration is reminding businesses 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 severe storms and tornadoes on Dec. 25, 2012.

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“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. 4 deadline,” said
Frank Skaggs, director of SBA Field Operations Center East in Atlanta.

Economic Injury Disaster Loans (EIDLs) up to $2 million are available at 3 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 Forrest, Hancock, Harrison, Lamar, Marion, Pearl River and Stone counties in Mississippi and Saint Tammany and Washington perishes in Louisiana.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://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 disastercustomerservice@sba.gov. 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, TX 76155.

The deadline for economic injury applications is October 4, 2013.

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

Contact: Michael Lampton
Email: Michael.Lampton@sba.gov
Phone
: (404) 331-0333

Release Number: 13-720, MS 13440

SOURCE U.S. Small Business Administration


Source: PR Newswire