November 10, 2011
U.S. Small Business Administration low-interest, disaster recovery loans will assist homeowners, renters, businesses and non-profit organizations with eligible losses
Residents, businesses in Franklin, Lincoln, St. Charles, St. Louis and Warren counties eligible for low-interest disaster recovery loans in response to June storm
JEFFERSON CITY - A request by the state of Missouri to make low-interest disaster loans available to residents and businesses in five eastern Missouri counties affected by severe storms and straight line winds in late June has been granted by the U.S. Small Business Administration (SBA). The SBA notified Gov. Jay Nixonthat the low-interest loans will available to qualified homeowners, renters, businesses of all sizes and private non-profit organizations with eligible losses from the June 26-27 storm in Franklin, Lincoln, St. Charles, St. Louis and Warren counties.
"Much of Missouri battled tornadoes, severe storms and flooding this year, and residents and businesses are still facing significant clean up and repair expenses," Gov. Nixon said. "The low-interest SBA loans that will now be available in these five counties can assist eligible residents and businesses continue to recover."
The SBA has opened a Disaster Loan Outreach Center to assist residents and businesses. Customer service representatives will be available to issue loan applications, answer questions about the SBA disaster loan program and application process, and assist individuals complete applications. The service center location is:
Sts. Joachim and Ann Care Service
4116 McClay Road
St. Charles, MO 63304
Monday - Friday, 8 a.m. to 5 p.m.
(Closed Veterans Day, Friday, Nov. 11)
SBA provides low interest disaster loans 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 in a declared disaster.
Disaster loan information and application forms are also available from SBA's Customer Service Center by calling SBA toll-free at (800) 659-2955, emailingdisastercustomerservice@sba.gov, or visiting SBA's Web site at www.sba.gov/services/disasterassistance. Hearing impaired individuals may call (800) 877-8339.
Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure Web site at https://disasterloan.sba.gov/ela.
The filing deadline to return applications for property damage is Jan. 9, 2012. The deadline to return economic injury applications is Aug. 9, 2012.