SBA Disaster Loan applications open for those impacted by Hurricane Ida

Earlier this week, President Biden approved Governor Tate Reeves’ request for individual and public assistance for Mississippi counties affected by Hurricane Ida.

Now, the Small Business Administration is opening up the loan application process for businesses and residents as the road to recovery continues.

Low-interest disaster loans are now available from the SBA and people in a few South Mississippi counties are eligible to apply for loans.

Locally, residents of Hancock, Harrison, Jackson, and Pearl River counties are eligible for both physical and economic injury disaster loans from the SBA. Business owners and nonprofit organizations in George and Stone counties can apply for SBA economic injury disaster loans only.

Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or replace damaged or destroyed real estate and business assets.

Disaster loans up to $200,000 are available to homeowners to repair or replace disaster-damaged or destroyed real estate.

Additionally, the SBA has opened a business recovery center at the Poplarville Community Saferoom which is now open on weekdays and Saturdays.

You can also apply for a loan online at disasterassistance.gov.

Categories: Local News, News