ATLANTA – The U.S. Small Business Administration (SBA) announced the availability of low-interest physical disaster loans has been extended. The new deadline for filing applications for physical damage loans is July 22, 2025.
The declaration covers the counties of Calhoun, Carroll, Covington, Grenada, Humphreys, Issaquena, Itawamba, Jefferson Davis, Lee, Leflore, Marion, Pike, Prentiss, Sharkey, Smith, Walthall and Washington.
Under this declaration, PNPs providing non-critical services of a governmental nature are eligible to apply for both business physical disaster loans and Economic Injury Disaster Loans (EIDLs) from the SBA. Examples of eligible non-critical PNP organizations include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.
PNPs may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. Applicants may also be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes.
“SBA loans help eligible PNPs cover operating expenses after a disaster, which is crucial for their recovery," said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. "These loans not only help PNPs get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”