Missouri businesses directly harmed by the summer heat and drought can get low-interest loans through the U.S. Small Business Administration. Small nonfarm businesses, agricultural cooperatives and nonprofit organizations are eligible for up to $2 million for expenses caused by the drought. The U.S. Department of Agriculture has declared a disaster for 114 Missouri counties, making farmers eligible for low-interest loans and other assistance.
As the six-month anniversary of the presidential disaster declaration for Missouri approaches, federal disaster grants and loans have reached over $3.5 million in St. Louis County.
Grants and loans have been distributed by FEMA’s Individuals and Household Programs, their Public Assistance Program and the Small Business Administration disaster loan program.
The money has been providing for those affected by disasters in St. Louis County.
A former Republican Senator from Missouri is leading a new non-profit organization that will offer business loans to businesses who want to build or expand in Joplin.
The U.S. Small Business Administration announced today the availability of low-interest federal disaster loans to victims of the 2010-2011 New Year's Eve tornadoes.
According to an SBA release, the Administration acted under its own authority to declare a disaster following the denial on Jan. 26 of the state’s request for a major disaster declaration.
Missouri Gov. Jay Nixon formally requested federal aid for victims of the New Year's Eve tornadoes that hit several areas of the state - but that request has been denied.
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