Cole County companies and residents have one month left to use for a Small Enterprise Administration federal catastrophe loan for property injury attributable to extreme storms, flooding and flash flooding that occurred July 19-20.
The deadline to use is Oct. 19.
Companies of all sizes, most non-public nonprofit organizations, owners and renters may apply for SBA federal catastrophe loans to restore or change disaster-damaged property, based on an SBA information launch. SBA can even lend extra funds to assist with the price of enhancements to guard, forestall or reduce the identical sort of catastrophe injury from occurring sooner or later.
These low-interest federal catastrophe loans are additionally out there in Boone, Callaway, Miller, Moniteau and Osage counties.
Companies of all sizes and personal nonprofit organizations may borrow as much as $2 million to restore or change broken or destroyed actual property, equipment and tools, stock and different enterprise property.
As well as, SBA gives financial damage catastrophe loans to small companies, small agricultural cooperatives, small companies engaged in aquaculture and most non-public nonprofit organizations of any dimension to assist meet working capital wants attributable to the catastrophe. SBA officers mentioned financial damage help is offered no matter whether or not the enterprise suffered any property injury. The deadline to use for an SBA financial damage catastrophe loan is May 19, 2021.
Catastrophe loans as much as $200,000 can be found to owners to restore or change broken or destroyed actual property. Householders and renters are eligible for as much as $40,000 to restore or change broken or destroyed private property.
Rates of interest could be as little as three % for companies, 2.75 % for personal nonprofit organizations and 1.25 % for owners and renters with phrases as much as 30 years. loan quantities and phrases are set by SBA and are based mostly on every applicant’s monetary situation.
Candidates may apply on-line, obtain extra catastrophe help data and obtain purposes at disasterloanassistance.sba.gov. Candidates may additionally name SBA’s Buyer Service Middle at 800-659-2955 or electronic mail [email protected] for extra data on SBA catastrophe help. People who’re deaf or arduous of listening to may name 800-877-8339.
Accomplished purposes needs to be mailed to U.S. Small Enterprise Administration, Processing and Disbursement Middle, 14925 Kingsport Street, Fort Value, Texas, 76155.