WASHINGTON – The U.S. Small Business Administration (SBA) is reminding eligible private nonprofits (PNP) in Mississippi of the Feb. 23 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storms, straight-line winds, tornados and flooding occurring March 14-15, 2025.
The declaration covers the counties of Calhoun, Carroll, Covington, Grenada, Humphreys, Issaquena, Itawamba, Jefferson Davis, Lee, Leflore, Marion, Montgomery, Pike, Prentiss, Sharkey, Smith, Walthall and Washington.
Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs providing non-critical services of a governmental nature with financial losses directly related to the disaster. Example of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools and colleges.
EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.
“SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help private nonprofits and business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”
