Jackson businesses that have been racking up costs to stay open through the water crisis can now apply for low-interest loans through the U.S. Small Business Administration.
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The loans are available to businesses and nonprofits that experienced economic losses as a result of the total or near water pressure loss following the Pearl River flooding in late August 2022. Businesses in Hinds and some surrounding counties are eligible.Submitting your email address signs you up for our daily newsletter The Today.Whoops! There was an error and we couldn't process your subscription. Please reload the page and try again.
“These low-interest loans will go a long way to support our Jackson businesses and help them make it through the ongoing water crisis,” Reeves said. “I’m committed to ensuring that we both restore clean water to the city and relieve the burdens of this crisis for Jacksonians.” The loans are intended to assist businesses through the recovery period, can be up to $2 million per applicant, and will not have an interest rate above 4%. We're keeping you informed with the latest on the Jackson water crisis. You can help sustain this news by donating any amount today to join the Mississippi Today member community.
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