The U.S. Small Business Administration (SBA) has announced the availability of low-interest federal disaster loans for Missouri residents and business owners impacted by the severe weather events of March 14–15, which included tornadoes, wildfires, and damaging straight-line winds.
Homeowners, renters, and business owners in 19 counties — including Bollinger, Butler, Howell, Oregon, Ozark, St. Louis, and others — may now apply for assistance. The loans are designed to cover damages not fully compensated by insurance or other recovery resources.
The SBA, in partnership with FEMA, is offering:
- Home and Personal Property Loans: Up to $500,000 for primary residence repairs and up to $100,000 for personal property, including vehicles.
- Business Physical Disaster Loans: Up to $2 million for businesses of any size and nonprofit organizations to repair or replace real estate, equipment, inventory, and other assets.
- Economic Injury Disaster Loans (EIDL): Available to small businesses and nonprofits facing financial hardship due to the disaster, even if no physical damage occurred.
Interest rates can be as low as 2.75% for homeowners and renters, with loan terms up to 30 years and a 12-month deferment period with 0% interest accrual. Applicants do not need to wait for insurance claims to be settled before applying.
Residents can apply online via the SBA’s secure loan portal.
For more information, applicants can contact the SBA Customer Service Center at 800-659-2955 or email disastercustomerservice@sba.gov.
