SBA ASSISTANCE AVAILABLE FOR PEARL RIVER AND ADJACENT COUNTIES

PEARL – The U.S. Small Business Administration approves disaster assistance to residents and businesses in several Mississippi Counties affected by the severe weather on Christmas Day.

“Many families and businesses have been impacted by the storms and tornadoes that occurred on Christmas Day,” Governor Phil Bryant said. “This assistance will help residents rebuild and recover, and I thank Administrator Mills for making these resources available.”

The declaration covers Pearl River County and the adjacent counties of Forrest, Hancock, Harrison, Lamar, Marion and Stone.

The SBA will open a Disaster Loan Outreach Center in Pearl River County, Tuesday, Jan. 8 at 8 a.m., to issue applications and assist survivors with completing their applications. The center will open at the following location:

Old Armory
810 Highway 11 South
Poplarville, MS 39470

Hours: Tuesday, Jan. 8 – Thursday, Jan. 17 from 8 a.m. to 5 p.m.
Saturday, Jan. 12 from 10 a.m. to 2 p.m.
Closed: Sunday, Jan. 13.
Closing: Thursday, Jan. 17 at close of business.

Applicants can apply at the Disaster Loan Outreach Center, online at https://disasterloan.sba.gov/ela, by calling 1-800-659-2955 (1-800-877-8339 for the deaf or hard-of-hearing) or by emailing disastercustomerservice@sba.gov. Loan applications can also be downloaded from the SBA’s website at www.sba.gov. Completed applications should be returned to the center or mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is March 5, 2013. The deadline to return economic injury applications is Oct. 4, 2013.

Loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.

Loans to businesses of all sizes and non-profit organizations will be available to repair damage to real estate, machinery, equipment and inventory.

According to the SBA, interest rates are as low as 1.750 percent for homeowners and renters, 2.875 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.

The Mississippi Emergency Management Agency and the Mississippi Voluntary Organizations Active in Disaster will continue to work with impacted residents in all the counties affected by the Christmas storms to identify unmet needs and work to get them the assistance they need. Anyone with damages from these storms should contact their local emergency management office or call Mississippi 2-1-1 for additional information.

For more information or questions, contact MEMA External Affairs or visit www.msema.org. For details about SBA visit www.sba.gov/disaster.

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