SBA Loans Available for April 11 Storm Damage

By: The Associated Press
By: The Associated Press

People affected by tornadoes and storms in Noxubee. Kemper, Lowndes, Winston and Oktibbeha counties will be able to apply for low-interest loans from the federal Small Business Administration.

The Mississippi Emergency Management Agency says people may apply for up to $200,000 in loans to repair or replace real estate, and up to $40,000 for loans to repair or replace personal property damaged by the storms Thursday.

The deadline to file applications for physical property damage is June 17, 2013. For economic injury applications, the deadline is Jan. 21.

Businesses and nonprofit organizations may get loans to repair damage to real estate, machinery, equipment and inventory. Amounts and terms are based on each applicant's financial condition.

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