Counties approved for assistance following tornadoes

The U.S. Small Business Administration approves disaster assistance
to residents and businesses in several Mississippi counties affected
by the severe weather and tornadoes, according to the Mississippi
Emergency Management Agency.

The declaration covers Noxubee County and the adjacent counties of
Kemper, Lowndes, Oktibbeha and Winston.

Applicants will be able to apply in person at a Disaster Loan
Outreach Center as soon as it is established, or they can apply
online right now at https://disasterloan.sba.gov/ela, by calling
1-800-659-2955 (1-800-877-8339 for the deaf or hard-of-hearing) or by
emailing
disastercustomerservice@sba.gov. Loan applications can also be
downloaded from the SBA’s website at www.sba.gov. Completed
applications should be returned to the center or mailed to: U.S.
Small Business Administration, Processing and Disbursement Center,
14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property
damage is June 17. The deadline to return economic injury
applications is Jan. 21, 2014. Loans up to $200,000 are available to
homeowners to repair or replace damaged or destroyed real estate.
Homeowners and renters are eligible for loans up to $40,000 to repair
or replace damaged or destroyed personal property.

Loans to businesses of all sizes and non-profit organizations will be
available to repair damage to real estate, machinery, equipment and
inventory.

According to the SBA, interest rates are as low as 1.750 percent for
homeowners and renters, 2.875 percent for non-profit organizations
and 4 percent for businesses with terms up to 30 years. Loan amounts
and terms are set by the SBA and are based on each applicant’s
financial condition.