Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
SBA details economic-injury disaster loans available to Madison County businesses after April storms
Summary
A Small Business Administration public-affairs specialist briefed Jackson City Council on economic injury disaster loans available to Madison County businesses affected by April storms, outlining eligibility, terms and mitigation funding for future resilience.
DJ Chiquela, a public affairs specialist with the Small Business Administration’s Disaster Recovery and Resiliency team, told Jackson City Council on Tuesday that Madison County businesses impacted by April storms are eligible to apply for economic injury disaster loans.
Chiquela said the loans can provide working capital to “keep the lights on, keep inventory, pay their staff,” and that the maximum loan amount available is $2,000,000. He added these loans have low fixed rates — “just under that at 3.625 for nonprofit…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
