Mississippi Deadline to Apply for SBA Working Capital Disaster Loans is Jan. 14

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Dec 11, 2014, 03:06 ET

ATLANTA, Dec. 11, 2014 /PRNewswire-USNewswire/ -- The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations in Mississippi of the deadline to submit disaster loan applications for damages caused by the severe weather and flooding that occurred March 28 - 29, 2014. The deadline to apply for a working capital disaster loan is Jan. 14, 2015.

Low-interest disaster loans are available in Adams, Amite, Franklin and Wilkinson counties in Mississippi; and Concordia, East Feliciana and West Feliciana parishes in Louisiana.

Working capital disaster loans up to $2 million are available at 2.625 percent for private
non-profit organizations 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.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Applications and program information are available by calling the SBA's Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by sending an email to [email protected]. Loan applications can also be downloaded from the SBA's website at 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 economic injury applications is January 14, 2015.

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

Release Number: 15-095, MS 13937

Contact: Michael Lampton
Email: [email protected]
Phone: (404) 331-0333

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SOURCE U.S. Small Business Administration