January 1, 2013 In News
Governor Bryant’s request for SBA assistance is based upon joint damage assessments conducted by local, state and SBA officials. Pearl River County received large amounts of damage including 81 homes and businesses being impacted.
If approved, the SBA would provide low interest loans for homeowners, renters and business owners in Pearl River and counties that border it, to repair or replace disaster damaged personal property such as furniture and clothing or to repair disaster damaged primary residences and businesses.
“While there is not sufficient damage statewide to qualify for federal disaster grants from FEMA, we are committed to doing what we can to help our citizens recover,” said Governor Bryant. “The SBA disaster loans would provide much needed financial assistance to help people rebuild their homes and businesses at a lower interest rate than is widely available on the open market.”
If SBA assistance is approved, loans to businesses of all sizes and non-profit organizations will also be available to repair damage to real estate, machinery, equipment and inventory.
SBA low interest are generally 4 percent or below for homeowners and renters, businesses and non-profit organizations.
The Mississippi Emergency Management Agency and the Mississippi Voluntary Organizations Active in Disaster will work with impacted residents in all the counties affected by the Christmas storms to identify unmet needs and work to get them the assistance they need. Anyone with damages from these storms should contact their local emergency management office or call Mississippi 2-1-1 for additional information.
For more information or questions contact MEMA External Affairs or visit www.msema.org. For details about SBA visit www.sba.gov/disaster.