
Thursday, September 13, 2007
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Local News Briefs

SBA disaster loans available due to extreme drought

The U.S. Small Business Administration announces that federal disaster loans are available to small businesses located in the counties of Marshall, Benton, Alcorn, DeSoto, Tippah and Tishomingo in the State of Mississippi.

SBA’s disaster declaration was issued as a result of a similar action taken by the Secretary of Agriculture to help farmers recover from damages and losses to crops caused by extreme drought conditions and high heat occurring May 1 and continuing.

Under this declaration, SBA’s Economic Injury Disaster Loan program is available to farm-related and nonfarm-related small business concerns and small agricultural cooperatives that suffered economic injury as a direct result of this disaster. Farmers and ranchers are not eligible to apply to SBA but nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.

Eligible small businesses may qualify for loans up to $1.5 million. These loans are available at 4 percent interest rate with loan terms up to 30 years. SBA determines eligibility for the program based on the size and type of business and its financial resources.

Loan amounts and terms are set by SBA and are based upon each applicant’s financial condition. Under this disaster declaration, SBA cannot provide loans to agricultural producers.

Interested business owners should contact SBA’s Customer Service Center by calling 1-800-659-2955, Monday through Friday, from 8 a.m. to 9 p.m. and Saturday 9 a.m. to 5:30 p.m. Business loan applications can also be downloaded from the SBA’s website at www.sba.gov/services/disasterassistance.

Complete applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center – 14925 Kingsport Road, Fort Worth, TX 76155. Completed loan applications must be returned to SBA no later than March 31, 2008.

Business After Hours set for Thursday at tourism bureau

In conjunction with the Holly Springs Chamber of Commerce, the Holly Springs Tourism and Recreation Bureau will host a Business After Hours open house event on Thursday, September 13, between the hours of 5 and 6:30 p.m.

The public is invited to visit and tour the facility and learn more about the Tourism Bureau’s efforts on behalf of the community.

Refreshments and door prizes will be offered.

For more information, call the Holly Springs Tourism Bureau at 252-2515 or the Holly Springs Chamber of Commerce at 252-2943.

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