Governor Parson Works to Activate Disaster Loans for Small Businesses

Governor Parson Works to Activate Disaster Loans for Small Businesses

Governor Parson Works to Activate Disaster Loans for Small Businesses

Governor Mike Parson directed the Missouri State Emergency Management Agency and the Missouri Department of Economic Department earlier today to seek assistance for Missouri small businesses.

The SBA will offer targeted, low-interest, disaster recovery loans for Missouri small businesses that have been severely impacted by the coronavirus.

Through the program, businesses can receive up to $2 million in assistance to use toward fixed debt payments, payroll, accounts payable, and other bills that cannot be paid due to the impact of COVID-19.

The interest rate for small businesses will be 3.75 percent and 2.75 percent for non-profits.

Long-term repayment will also be made available.

For more information click here.

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