Small Business Administration Opens Disaster Assistance Office on Mississippi Gulf CoastBy Rhonda Miller | Published 11 Sep 2012 11:03pm |
A Small Business Administration office is now open on the Gulf Coast offering loans to help businesses recover from Hurricane Isaac. MPB’s Rhonda Miller has more.
"I’m on the dock at Ship Island Excursions in Gulfport where people are often lined up waiting to get on one of the boats going out to West Ship Island for the day. It’s an unusal thing seeing the boats tied up, because they can’t go out to the islands."
"Well, Hurricane Isaac caused damage to the pier where we dock out boat on the island."
That’s Kevin Buckel, who’s in charge of sales for Ship Island Excursions
"..and because of the damage, the park has been closed until further notice by the National Park Service. "
Superintendent of Gulf Islands National Seashore Dan Brown said the Park Service has just gotten approval for the estimated $200,000 repair to the pier.
"o we’re probably looking at the latter part of October before the pier is ready for use again. And typically, the ferry service ends about the end of October. So it’s really impacted that service to the public."
And obviously, it’s impacted business for Ship Island Excursions. But that’s just one of many businesses affected by Isaac. To offer assistance, the Small Business Administration opened an office yesterday on the Gulf Coast. Spokesman Michael Peacock says low-interest disaster loans can help businesses get back on their feet quickly.
"Let’s say that you have insurance and you’re negotiating with your insurance company for your settlement. Very often we can approve people for a loan prior to them settling with their insurance company for overall damage amount."
The business recovery office is located in the Hancock Bank building in Gulfport. The Small Business Administration also offers low-interest loans for residential damages from Isaac. SBA officials said, so far, they have issued nearly 6,000 loan applications to homeowners, renters and businesses in Mississippi. Rhonda Miller. MPB News. Biloxi
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