SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West announced today that SBA has approved more than $10 million in federal disaster loans for Missouri businesses and residents impacted by severe storms and flooding that occurred July 25 – 28, 2022. According to Garfield, SBA has approved $906,100 for businesses and $9,863,400 for residents to help rebuild and recover from this disaster.
“SBA’s disaster assistance employees are committed to helping businesses and residents rebuild as quickly as possible,” said Garfield. Businesses and residents in Saint Charles and Saint Louis counties, and Saint Louis City who sustained damages are encouraged to register prior to the Oct. 7, 2022, deadline with the Federal Emergency Management Agency at www.disasterassistance.gov. “Don’t miss out on any assistance you may be entitled to by not registering for help. You don’t need to wait for your insurance to settle or obtain a contractor’s estimate,” she added.
SBA continues to provide one-on-one assistance to disaster loan applicants at the following locations on the days and times indicated. No appointment is necessary.
Independent City of Saint Louis
Business Recovery Center
Urban League of Metropolitan St. Louis Inc.
Second Floor, Room # 219
1408 N. Kingshighway Blvd.
St. Louis, MO 63113
Closed Labor Day Holiday, Monday, Sept. 5
Mondays - Fridays, 9 a.m. – 6 p.m.
Independent City of Saint Louis
Disaster Recovery Center
Ranken Technical College
Mary Ann Lee Technology Center
(Corner of N. Newstead Ave. and Page Blvd.)
1313 N. Newstead Ave.
St. Louis, MO 63113
Mondays – Sundays, 8 a.m. – 7 p.m.
Independent City of Saint Louis
Disaster Recovery Center
Urban League Ferguson Community Empowerment Center
9420 W. Florissant Ave.
St. Louis, MO 63136
Mondays – Sundays, 8 a.m. – 7 p.m.
Saint Charles County
Disaster Recovery Center
Development Disabilities Resource Board (DDRB)
1025 Country Club Rd.
St. Charles, MO 63303
Mondays - Sundays, 8 a.m. – 7 p.m.
Saint Charles County
Disaster Recovery Center
O’Fallon Municipal Center
100 N. Main St.
O’Fallon, MO 63366
Mondays - Sundays, 8 a.m. – 7 p.m.
Saint Louis County
Disaster Recovery Center
Hazelwood Civic Center
(Located in the Gymnasium)
8969 Dunn Rd.
Hazelwood, MO 63042
Mondays - Sundays, 8 a.m. – 7 p.m.
Saint Louis County
Disaster Recovery Center
Centennial Commons
(Recreation Center)
7210 Olive Blvd.
University City, MO 63130
Mondays - Sundays, 8 a.m. – 7 p.m.
Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. The SBA can also lend additional funds to help business and residents with the cost of making improvements that protect, prevent or minimize the same type of disaster damage from occurring in the future.
For small businesses and most private nonprofit organizations of all sizes, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage. The deadline to apply for economic injury is May 8, 2023.
Disaster loans up to $200,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $40,000 to repair or replace damaged or destroyed personal property.
Interest rates can be as low as 2.935 percent for businesses, 1.875 percent for private nonprofit organizations and 1.688 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.
Applicants may apply online, receive additional disaster assistance information and download applications at https://disasterloanassistance.sba.gov/. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
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About the U.S. Small Business Administration
The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.