ATLANTA – The U.S. Small Business Administration (SBA) announced today it will open a Business
Recovery Center (BRC) in Hinds County on Friday, June 14, at the Old Chamber Building in Jackson,
MS. The SBA is opening the Center to assist Mississippi businesses with losses due to severe storms,
straight-line winds, tornadoes, and flooding that occurred on April 8-11.
“Our Business Recovery Centers are one of the most powerful resources at SBA’s disposal to support
business owners,” said “Francisco Sánchez, Jr., associate administrator for the Office of Disaster
Recovery and Resilience at the Small Business Administration. “Business owners can meet in person
with our specialists to apply for SBA disaster loans and get information on the full breadth of our
programs designed to help them navigate their recovery.
Walk-ins are accepted, but you can schedule an in-person appointment at an SBA Disaster Recovery
Center in advance. The Center will operate as indicated below.
Business Recovery Center (BRC)
Hinds County
Old Chamber Building
201 South President Street
Jackson, MS 39201
Opening: Friday, June 14, 11 a.m. to 5 p.m.
Hours: Monday-Friday 8:30 a.m. to 5 p.m.
Closed: Saturday and Sunday
Businesses and private nonprofit organizations of any size may borrow up to $2 million to repair or
replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other
business assets. SBA can also lend additional funds to businesses and homeowners to help with the
cost of improvements to protect, prevent, or minimize future disaster damage.
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and
most private nonprofit organizations of any size, Economic Injury Disaster Loans (EIDLs) help meet
working capital needs caused by the disaster. Economic injury assistance is available regardless of
whether the business suffered any property damage.
Disaster loans up to $500,000 are available to homeowners to repair or replace disaster-damaged or
destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace
disaster-damaged or destroyed personal property.
Interest rates are as low as 4% for businesses, 3.25% for nonprofit organizations, and 2.688% for
homeowners and renters, with terms of up to 30 years. Interest does not begin to accrue, and monthly
payments are not due, until 12 months from the date of the initial disbursement. Loan amounts and
terms are set by the SBA and are based on each applicant’s financial condition.
The declaration covers Hancock, Hinds, Humphreys, Madison, Neshoba and Scott counties in
Mississippi which are eligible for both Physical and Economic Injury Disaster Loans from the SBA.
Small businesses and most private nonprofit organizations in the following adjacent counties are
eligible to apply only for SBA Economic Injury Disaster Loans (EIDLs): Attala, Claiborne, Copiah,
Harrison, Holmes, Jasper, Kemper, Lauderdale, Leake, Leflore, Newton, Pearl River, Rankin, Sharkey,
Simpson, Smith, Stone, Sunflower, Warren, Washington, Winston, and Yazoo in Mississippi; and St.
Tammany Parish in Louisiana.
With the changes to FEMA’s Sequence of Delivery, survivors are now encouraged to simultaneously
apply for FEMA grants and the SBA low-interest disaster loan assistance to fully recover. FEMA grants
are intended to cover necessary expenses and serious needs not paid by insurance or other sources.
The SBA disaster loan program is designed to help survivors with their long-term recovery needs.
Please visit SBA.gov/disaster to apply for SBA assistance online.
Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email
[email protected] for more information on SBA disaster assistance. For people who
are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications
relay services.
The filing deadline to return applications for physical property damage is Aug. 9, 2024. The deadline to return economic injury applications is March 10, 2025.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA
empowers entrepreneurs and small business owners with the resources and support they need to start,
grow, or expand their businesses, or recover from a declared disaster. It delivers services through an
extensive network of SBA field offices and partnerships with public and private organizations. To learn
more, visit www.sba.gov