SBA offers loans to offset Zeta effects – Picayune Item

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The Small Business Administration’s Hurricane Zeta disaster assistance became available on January 4 and after just a few days, over $ 100,000 in loan funds were approved for businesses and non-profit organizations. lucrative Mississippi.

Low-interest federal loans are available for small businesses and non-profit organizations in Pearl River County that cannot meet their financial obligations due to Hurricane Zeta. Businesses and nonprofits, including churches, in Pearl River, Forrest, Perry and Wayne counties can apply for SBA economic disaster loans up to $ 2 million. Businesses and non-profit organizations in these counties do not have to provide proof of physical damage, as they are not eligible for physical disaster loans.
In George, Greene, Hancock, Harrison, Jackson and Stone counties, residents, businesses and nonprofits can apply for loans in the event of physical and economic disasters.

In these six counties, homeowners can apply for loans of up to $ 200,000 to repair or replace real estate. Tenants and homeowners can get loans of up to $ 40,000 to repair or replace personal property. For businesses and nonprofits in these six counties, physical disaster loans of up to $ 2 million are available to replace or repair real estate, machinery and equipment, inventory and other business assets.

Although the SBA does not have a physical disaster recovery center for Hurricane Zeta, the same customer service representatives who would normally have staff at these centers are available seven days a week through a virtual awareness center, a said Demetria Clark, public affairs specialist in the SBA office. Disaster assistance.

The deadline for economic disaster loan applications is October 1 and the deadline for physical damage claims is March 1.

Affected people don’t have to wait for an insurance settlement to apply for an SBA loan, and even after applying, people can decide not to take the loan or take the full amount approved, said Clark.

“I would encourage people to apply as soon as they become aware of any damage that has occurred, whether it is economic or physical damage.”

The first step in seeking help is to register with FEMA at DisasterAssistance.gov, through the FEMA mobile app, or by calling 800-621-3362. The second step is to apply. Applications can be uploaded to disastreloan.sba.gov / ela and applicants can call the SBA Customer Service Center at 800-659-2955 or email [email protected] for more information .

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