SBA Aid Provided to Flood Victims in 3 States

September 30, 2014

The Small Business Administration is offering low-interest disaster loans to residents and businesses in Arkansas, Mississippi and Tennessee affected by flooding on Sept. 11.

SBA Administrator Maria Contreras-Sweet says disaster aid is available in DeSoto, Marshall, Tate and Tunica counties in Mississippi; Crittenden County in Arkansas; and Shelby County in Tennessee.

The agency says loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed property. Homeowners and renters are eligible for loans up to $40,000 to repair or replace damaged or destroyed personal property.

Businesses and nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed property, equipment and inventory.

A Disaster Loan Outreach Center is opening Friday at the M.R. Davis Public Library in Southaven.

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