Franklin businesses hurt by COVID-19 should file state, federal paperwork

Coronavirus coverage from The Franklin Advocate

Franklin County businesses hurt by the coronavirus outbreak have until Wednesday, April 1 to submit an impact report to the Mississippi Emergency Management Agency and can also apply for federal assistance.

This past Friday, the U.S. Small Business Administration approved Gov. Tate Reeves’ request for an economic disaster declaration for the state’s 82 counties.

The entire state has been declared a disaster area for COVID-19, and this action opens loan assistance for small businesses and eligible nonprofits for economic injury relief.

All Mississippi businesses and nonprofits severely impacted by the coronavirus pandemic are eligible to apply for low-interest federal disaster loans. These businesses can apply for up to $2 million in working capital that can provide vital economic support to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic.

Small business owners can begin the process immediately and apply for assistance online at https://www.sba.gov/funding-programs/disaster-assistance.

The Mississippi Emergency Management Agency is also urging small business owners to fill out and submit a coronavirus impact report no later than Wednesday, April 1.

“We are collecting this information so that Mississippi may request an Economic Injury Declaration from the Small Business Administration to aid in the economic loss suffered as a result of the COVID-19 event,” MEMA said in a statement.

•    For instructions on how to complete an “Estimated Disaster Economic Injury Worksheet for Business,” go to http://bit.ly/2IW0rZ4

•     To fill out the worksheet, go to http://bit.ly/2xVds33

Once the paperwork is completed, you can send it directly to the MEMA State Coordinating Officer at [email protected] Questions can be sent to that email as well.

Leave a Comment