Gov. Nixon asks that federal low-interest disaster loans be made available to businesses and residents with damage from Dec. 30-31 storms, tornadoes | Governor Jay Nixon

Gov. Nixon asks that federal low-interest disaster loans be made available to businesses and residents with damage from Dec. 30-31 storms, tornadoes

January 26, 2011
Request for major disaster declaration denied by FEMA, but will not impact request for help from SBA
Jefferson City, MO

Gov. Jay Nixon today requested that the U.S. Small Business Administration (SBA) make low-interest disaster loans available to Missouri residents and businesses affected by severe storms and tornadoes on Dec. 30-31. SBA disaster loans are issued to homeowners, renters, businesses of all sizes, and private, non-profit organizations to repair or replace real estate, personal property, machinery and equipment, inventory and business assets that have been damaged or destroyed.

"Many Missourians are still feeling the financial impact of the New Year's Eve storms and tornadoes, and we want to ensure they have the resources to rebuild," Gov. Nixon said. "We're asking the SBA to make these loans available to help residents and businesses keep moving forward."

Earlier today, the Federal Emergency Management Agency (FEMA) notified the Governor that the Jan. 14 request for a major disaster declaration had been denied. The denial will not impact the Governor's request for low-interest disaster loans from the SBA.

The storms and tornadoes damaged homes and businesses in nine Missouri counties and the city of St. Louis. Gov. Nixon issued a state of emergency on Dec. 31, activating the State Emergency Operations Center to aid local communities with resource requests. He then visited the St. Louis area and Rolla immediately after the tornadoes, meeting with local residents and state and local emergency response teams. On Jan. 4, the Governor issued an executive order to help Missourians cleaning up after the tornadoes. The order allowed the Department of Natural Resources to waive certain statutes and rules, especially concerning the removal of debris.