Gov. Parson, U.S. Small Business Administration work to activate disaster loans for small businesses
The SBA will offer targeted, low-interest disaster recovery loans for
Through the program, businesses can receive up to
The interest rate for small businesses will be 3.75 percent and 2.75 percent for non-profits.
SBA offers long-term repayment plans of up to 30 years.
Terms are determined based on each borrowers ability to repay on a case-by-case basis.
Additionally, SBA offers counseling and helps businesses navigate preparedness plans through a network of 68 district offices and resource partners located across the country.
For more information, contact the SBA disaster assistance customer service center.
Call 1-800-659-2955 (TTY: 1-800-877-8339) or email [email protected].
You can also learn more at sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources.
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