by Sam Clanton
BRANSON, Mo. – Local businesses and non-profit organizations affected by recent flooding in Missouri and Arkansas have until March 29th to apply for disaster loans through the U-S Small Business Administration.
The low-interest loans are designed to offset economic losses and reduced revenues caused by severe weather.
The interest rate is 4-percent for businesses and 2-point-6 percent for private non-profits, with terms of up to 30 years. Loan amounts and terms are set by SBA officials based on each applicant’s financial condition.
Business owners in Baxter, Boone, Carroll and Newton Counties in Arkansas, and Stone, Taney, Barry and Ozark Counties in Missouri my apply for SBA disaster loans online, or request an application by phone.
Applicants may apply online using the Electronic Loan Application via SBA’s secure website at https://disasterloan.sba.gov/ela.
Disaster loan information and application forms are also available from SBA’s Customer Service Center by calling (800) 659-2955 or emailing email@example.com.
Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339.
For more disaster assistance information, or to download applications, visit http://www.sba.gov/disaster.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.