For additional information contact: Gail Noggle, Executive Director – Economic Development Alliance, Bolivar/Polk County (417)849-5466 or by email at email@example.com.
SBA approves disaster declaration for Missouri
JEFFERSON CITY – Today, the U.S. Small Business Administration approved Missouri’s request for assistance through the federal agency’s disaster loan program. This move makes low interest disaster loans available to small businesses and private non-profits severely impacted by the Coronavirus (COVID-19).
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business or non-profit. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
Process for Accessing SBA’s Coronavirus (COVID-19) Disaster Relief Lending
- The Economic Injury Disaster Loan assistance declaration issued by the SBA today makes loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).
- Applicants will be able to apply online, receive additional disaster assistance information and download applications at https://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email firstname.lastname@example.org for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
- Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent.
- SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
- The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020.
For additional information, please visit the SBA disaster assistance website at SBA.gov/Disaster.
Community Foundation of the Ozarks Grants now available for Nonprofits affected by COVID-19
The Community Foundation of the Ozarks President Brian Fogle announced Friday that the assistance will be targeted toward nonprofits who are helping with child care, needs of seniors, transportation, food insecurity or other needs of at-risk populations.
Organizations can apply for those grants on an ongoing basis, and the foundation will announce an accelerated grantmaking process in the coming days. Information will be posted at cfozarks.org/COVID19, according to a news release.
“We know there are needs now and there will be needs a year from now,” Fogle said. “We plan on walking with our partners on this journey for as long as it takes.”
The initial funding is provided by the community foundation, Missouri Foundation for Health and the Louis L. and Julia Dorothy Coover Charitable Foundation managed by Commerce Trust Company.