Good afternoon,
The attached release was issued to the media today. To assist us with the widest distribution of this information as soon as possible, please share our release with your contacts as appropriate and post to your social media accounts.
ATLANTA – The U.S. Small Business Administration (SBA) is encouraging disaster loan recipients in Mississippi to apply for additional funds to protect their homes and businesses from future storms.
Loan recipients have up to two years from their loan approval date to request an increase of up to 20% of their verified physical damages to cover the cost of improvements. Eligible mitigation projects may include regrading landscaping for better drainage, installing a French drain or sump pump, and strengthening structures to protect against high wind damage.
“One distinct advantage of SBA’s disaster loan program is the opportunity to fund upgrades, reducing the risk of future storm damage,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “I encourage businesses and homeowners to work with contractors and mitigation professionals to improve their storm readiness while taking advantage of SBA’s physical damage loans.”
To learn more about mitigation options, visit sba.gov/mitigation.
Regards,
Sharon V. Dooley
Public Affairs Specialist
Field Operations Center – East (FOCE)
U.S. Small Business Administration
Office of Disaster Recovery and Resilience
O:(404) 331-0333