Residents, Businesses and Nonprofits Impacted by Zeta Now Eligible for SBA Loans

PEARL, Miss. (MEMA) – Residents in six Mississippi counties impacted by Hurricane Zeta are eligible to apply for disaster loans through the Small Business Administration to repair disaster-damaged real estate and personal property.

Low-interest disaster loans are available to homeowners and renters in the following six counties: George, Greene, Hancock, Harrison, Jackson, and Stone Counties. Residents can apply for loans up to $200,000 for their primary residence and up to $40,000 for personal property with interest rates as low 1.18%.

Businesses and private nonprofits in those six counties (George, Greene, Hancock, Harrison, Jackson and Stone) are eligible for both Physical and Economic Injury Disaster Loans from the SBA. The loan amount can be up to $2 million with interest rates of 3 percent for small businesses and 2.75 percent for private nonprofit organizations of all sizes, with terms up to 30 years.

Additionally, small businesses and most private nonprofit organizations in the following four adjacent counties are only eligible to apply for Economic Injury Disaster Loans through SBA: Forrest, Pearl River, Perry and Wayne.

Physical Disaster Loans can be used to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Economic Injury Disaster Loans are intended to help small businesses and most private nonprofit organizations meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at and should apply under SBA declaration #16834, not for the COVID-19 incident.

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

The deadline to submit applications for physical property damage loans is March 1, 2021 and economic injury loan applications must be submitted by October 1, 2021.