Thu08212014

Last updateWed, 20 Aug 2014 7pm

SBA offering disaster assistance for flood damage

Low-interest federal disaster loans are available to Missouri residents and business owners affected by severe storms, straight-line winds and flooding that occurred August 2 - August 14, 2013, U. S. Small Business Administration (SBA) Acting Administrator Jeanne Hulit announced today.  SBA acted under its own authority to declare a disaster in response to the October 7 request to SBA, following the September 10 denial of the state's request for a major disaster declaration.

Advertisement


 
The disaster declaration makes SBA assistance available in Pulaski and Taney counties and the neighboring Missouri counties of Camden, Christian, Douglas, Laclede, Maries, Miller, Ozark, Phelps, Stone and Texas, as well as Boone, Carroll, and Marion counties in Arkansas.
 
"The U. S. Small Business Administration is strongly committed to providing Missouri with the most effective and customer-focused response possible, and we will be there to provide access to federal disaster loans to help finance recovery for residents and businesses affected by the disaster," said Hulit.  "Getting our businesses and communities up and running after a disaster is our highest priority at SBA."
 
"Low-interest federal disaster loans are available to homeowners, renters, businesses of all sizes and private, nonprofit organizations whose property was damaged or destroyed by this disaster," said Alfred E. Judd, Director of SBA's Disaster Field Operations Center-West.  "Beginning Thursday, October 10 SBA will open SBA Disaster Loan Outreach Centers (DLOC) in Pulaski and Taney Counties," Judd continued.
 
SBA representatives will be on hand at the centers to answer questions about SBA's disaster loan program, explain the application process and help each individual complete their application.  The centers will be open on the days and times indicated.  No appointment is necessary.
 
PULASKI COUNTY
Disaster Loan Outreach Center
Pulaski County Emergency Management (Old Waynesville Middle School)
403 School Street, Suite 214, Waynesville, MO 65583
 
Opens:  Thursday, October 10
Mondays through Fridays, 9 am - 6 pm
Closes:  Thursday, October 24
Closed Monday, October 14 in Observance of Columbus Day
 
TANEY COUNTY
Disaster Loan Outreach Center
City Hall - Plan Review Room
312 Esplanade Street, Hollister, MO 65672

Opens:  Thursday, October 10
Mondays through Fridays, 8 am - 5 pm
Closes:  Thursday, October 24
Closed Monday, October 14 in Observance of Columbus Day
 
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate.  Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
 
Businesses of any size and private, nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.  SBA can also lend additional funds to homeowners and businesses to help with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
 
For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans (EIDLs) to help meet working capital needs caused by the disaster.  EIDL assistance is available regardless of whether the business suffered any property damage.
 
Interest rates can be as low as 1.937 percent for homeowners and renters, 2.875 percent for private, nonprofit organizations and 4 percent for businesses, with terms up to 30 years.  Loan amounts and terms are set by SBA and are based on each applicant's financial condition.
 
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure Web site at https://disasterloan.sba.gov/ela.
 
Disaster loan information and application forms are also available from SBA's Customer Service Center by calling (800) 659-2955 or e-mailing This email address is being protected from spambots. You need JavaScript enabled to view it..  Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.  For more information about SBA's disaster assistance programs, visit http://www.sba.gov/disaster.
 
The deadline to return applications for property damage is December 9, 2013.  The deadline to return economic injury applications is July 8, 2014.

Comments (0)
Only registered users can write comments!