SBA disaster loan applications open for those affected by Hurricane Ida

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

Now the Small Business Administration is opening 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 residents of a few counties in southern Mississippi are eligible to apply for the loans.

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

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

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

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

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

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