Small businesses eligible for low-interest economic injury disaster loans


Democrat Staff



Democrat Staff

JEFFERSON CITY – Gov. Jay Nixon recently announced that small, nonfarm businesses in 112 Missouri counties are now eligible to apply for low-interest federal disaster loans from the U.S. Small Business Administration (SBA), according to a release from the governor’s office. These loans offset economic losses resulting from excessive rainfall and flooding that began March 1.

On Aug. 7, President Barack Obama approved Nixon’s request for a major disaster declaration, which allowed local governments and eligible nonprofit agencies to seek assistance for response and recovery expenses associated with the severe weather and flooding. Missouri also received a USDA disaster designation making farmers impacted by severe weather eligible for low-interest loans and other assistance.

“The significant weather-related losses suffered by farmers this year had a harmful impact on many small businesses as well,” Nixon said in the release. “These low-interest loans will help agriculture-dependent small business owners recover so that they may continue to provide jobs and strengthen our rural communities.”

Assistance is available for businesses in the following counties: Adair, Andrew, Atchison, Audrain, Barry, Barton, Bates, Benton, Bollinger, Boone, Buchanan, Butler, Caldwell, Callaway, Camden, Cape Girardeau, Carroll, Cass, Cedar, Chariton, Clark, Clay, Clinton, Cole, Cooper, Crawford, Dade, Dallas, Daviess, DeKalb, Dent, Dunklin, Franklin, Gasconade, Gentry, Greene, Grundy, Harrison, Henry, Hickory, Holt, Howard, Jackson, Jasper, Jefferson, Johnson, Knox, Laclede, Lafayette, Lewis, Lincoln, Linn, Livingston, Macon, Maries, Marion, McDonald, Mercer, Miller, Mississippi, Moniteau, Monroe, Montgomery, Morgan, New Madrid, Newton, Nodaway, Osage, Pemiscot, Perry, Pettis, Phelps, Pike, Platte, Polk, Pulaski, Putnam, Ralls, Randolph, Ray, Ripley, St. Charles, St. Clair, St. Francois, St. Louis, Ste. Genevieve, Saline, Schuyler, Scotland, Scott, Shelby, Stoddard, Sullivan, Vernon, Warren, Wayne, Webster and Worth.

In addition, businesses in the following neighboring counties are also eligible: Carter, Christian, Douglas, Iron, Lawrence, Madison, Oregon, Reynolds, St. Louis City, Shannon, Stone, Texas, Washington and Wright.

The eligibility for Economic Injury Disaster Loans (EIDLS) includes both businesses dependent on farmers and ranchers who have suffered agricultural production losses caused by the disaster as well as businesses directly affected by the disaster. Small, nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may qualify for EIDLs of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred.

By law, SBA makes EIDLs available when the U.S. Secretary of Agriculture designates an agricultural disaster. Secretary Tom Vilsack declared this disaster Aug. 26.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at disasterloan.sba.gov/ela.

Sedalia Democrat
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