More Than $12.5 million in disaster relief approved for Mississippi so far

The Small Business Administration has approved more than $12.5 million in low interest loans to help Mississippians recovering from Hurricane Zeta.

These are latest numbers today, according to the United States SBA.

The money stems from 449 loans in Mississippi approved so far by the SBA through it’s Zeta Disaster Recovery Program.

The SBA is offering affordable, long-term, low-interest disaster loans in response to Zeta to affected businesses of all sizes, provide non-profit organizations, homeowners, and renters who qualify in the following counties: George, Greene, Hancock, Harrison, Jackson and Stone.

Roberto Baltodano with the United States SBA said, “One of the most important things they need to keep in mind is we are different from bank loans. We’re a little more flexible in how we get you into those loans. One of those things is the affordable low-interest rates we offer, as low as 1.88-percent for homeowners and renters. It’s 3-percent for businesses and 2.75-percent for non-profit organizations.”

The deadline to apply for physical disaster loans through the SBA is March 1st.  The deadline for applying for an economic injury loan is October 1st.

You must first register with FEMA at disasterassistance.gov or by calling 1-800-621-3362.

For more information go to SBA.gov/disaster.

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