The U.S. Small Business Administration has opened an office in Jackson, Miss., for organizations in Hinds County and seven adjacent counties to access disaster loans to remediate the impact of the water crisis in the capital city. Other counties that can apply at the office include Claiborne, Copiah, Madison, Rankin, Simpson, Warren and Yazoo counties.
The SBA Business Recovery Center at the Chamber of Commerce Building will be open Mondays to Fridays from 9 a.m. to 6 p.m. and Saturdays from 10 a.m. to 2 p.m at 201 S. President St., Jackson. It will cease operation at 2 p.m. on Saturday, Oct. 1, 2022, though businesses will still be able to apply for loans online until June 14, 2023
“Applicants may also apply online using the Electronic Loan Application via SBA’s secure website at DisasterLoanAssistance.sba.gov/ela/s and should apply under SBA declaration #17621, not for the COVID-19 incident,” a Sept. 15, 2022 news release said. The loan terms include having an “acceptable” credit history and having an ability to repay the loan.
SBA’s Mississippi District Director Janita R. Stewart said in a news release that the SBA offers Economic Injury Disaster Loans, or EIDLs, to eligible applicants “to help meet working capital needs caused by the disaster.” Mississippi-based small businesses, small agricultural cooperatives, small aquaculture businesses and private nonprofit organizations are eligible, the press release said.
U.S. Small Business Administration Administrator Isabella Casillas Guzman said in a Sept. 15, 2022, press release that the federal disaster loans available for businesses in and around Hinds County that the Jackson water crisis has affected will help the “communities recover and rebuild.” Photo courtesy SBA
The recent water crisis in Jackson began on July 29, 2022, when the City of Jackson posted a boil-water notice. A city-wide fall in water pressure followed. Businesses felt the effects of the crisis through increased operating expenses and a reduction in clientele. On Sept. 15, 2022, Reeves announced the removal of the boil-water notice following remediation efforts that federal and state agencies underwent.
U.S. SBA Administrator Isabella Casillas Guzman said in the Sept. 15, 2022, press release that
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