Quantcast

SBA Economic Injury Disaster Loans Available to some small busin - KOAM TV 7

SBA Economic Injury Disaster Loans Available to some small businesses in Barton, Bourbon, Crawford, Vernon counties

Updated:

NEWS RELEASE ISSUED BY THE SMALL BUSINESS ADMINISTRATION

SACRAMENTO, Calif. - Small, nonfarm businesses in 46 primary and neighboring Missouri counties and neighboring counties in Arkansas, Kansas, Kentucky and Tennessee are now eligible to apply for low-interest federal disaster loans from the U. S. Small Business Administration (SBA). "These loans offset economic losses because of reduced revenues caused by the excessive rainfall and flooding that occurred from July 15 - August 19, 2013, in the following primary counties," announced Alfred E. Judd, Director of SBA's Disaster Field Operations Center-West.

Primary Missouri counties: Butler, Camden, Cole, Dunklin, Gasconade, Laclede, Maries, Miller, New Madrid, Osage, Pemiscot, Pulaski, Stoddard, Texas, Vernon and Webster;

Neighboring Missouri counties: Barton, Bates, Benton, Bollinger, Boone, Callaway, Cape Girardeau, Carter, Cedar, Christian, Crawford, Dallas, Dent, Douglas, Franklin, Greene, Hickory, Howell, Mississippi, Moniteau, Montgomery, Morgan, Phelps, Ripley, Scott, Shannon, St. Clair, Warren, Wayne and Wright;

Neighboring Arkansas counties: Clay, Craighead, Greene and Mississippi;

Neighboring Kansas counties: Bourbon, Crawford and Linn;

Neighboring Kentucky county: Fulton;

Neighboring Tennessee counties: Dyer and Lake.

"SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster," Judd said.

Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private, nonprofit organizations of any size may qualify for Economic Injury Disaster Loans (EIDLs) of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

"Eligibility for these loans is based on the financial impact of the disaster only and not on any actual property damage. These loans have an interest rate of 4% for businesses and 2.875% for private, nonprofit organizations, a maximum term of 30 years, and are available to small businesses and most private, nonprofits without the financial ability to offset the adverse impact without hardship," Judd said.

By law, SBA makes EIDLs available when the U. S. Secretary of Agriculture designates an agricultural disaster. Secretary Tom Vilsack declared this disaster at the request of Gov. Jay Nixon.

Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency (FSA) about the U. S. Department of Agriculture (USDA) assistance made available by the Secretary's declaration.

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 disastercustomerservice@sba.gov. 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 apply for these loans is May 27, 2014.

# # #

  • Local NewsMore>>

  • Lawmakers in Missouri may end helmet law

    Lawmakers in Missouri may end helmet law

    Thursday, April 24 2014 10:56 PM EDT2014-04-25 02:56:13 GMT
    Four wheels move the body, two wheels move the soul.That saying is true to Noah Whitehead a rider, and sales associate at Powersports of JoplinMore >>
    Four wheels move the body, two wheels move the soul.That saying is true to Noah Whitehead a rider, and sales associate at Powersports of JoplinMore >>
  • Joplin School"s Plan to Build a Preschool/Daycare center has Private Preschool Operators Worried

    Joplin School"s Plan to Build a Preschool/Daycare center has Private Preschool Operators Worried

    Thursday, April 24 2014 6:32 PM EDT2014-04-24 22:32:25 GMT
    The Joplin school district is beginning to seek building plans for a new nine-to 14-million dollar preschool and daycare center. The push for more early learning can create competition for those already in the preschool business. State law now only requires students to go to school at kindergarten age but many believe learning begins much earlier. And the Missouri house and senate are both considering bills to reimburse districts for some students taking pre-kindergarten classes. Preschool...More >>
    The Joplin school district is beginning to seek building plans for a new nine-to 14-million dollar preschool and daycare center. The push for more early learning can create competition for those already in the preschool business. State law now only requires students to go to school at kindergarten age but many believe learning begins much earlier. And the Missouri house and senate are both considering bills to reimburse districts for some students taking pre-kindergarten classes. Preschool...More >>
  • Woman charged after shooting her neighbor

    Woman charged after shooting her neighbor

    Thursday, April 24 2014 6:05 PM EDT2014-04-24 22:05:18 GMT
    Charges are filed today after a neighbor dispute sent one man to the hospital with a gunshot wound. Jennifer Crouch, 30, is facing three separate charges: assault in the second-degree, armed criminal action, and unlawful use of a weapon.More >>
    Charges are filed today after a neighbor dispute sent one man to the hospital with a gunshot wound. Jennifer Crouch, 30, is facing three separate charges: assault in the second-degree, armed criminal action, and unlawful use of a weapon.More >>
Powered by WorldNow

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.