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JEFFERSON CITY, Mo. (AP) - People whose Missouri homes and businesses were damaged by floods and strong storms in August now can qualify for federal low-interest loans.
The U.S. Small Business Administration on Tuesday approved disaster aid for Pulaski and Taney counties, as well as their neighboring counties of Camden, Christian, Douglas, Laclede, Maries, Miller, Ozark, Phelps, Stone and Texas. The aid is for damage that occurred from Aug. 2-14.
Homeowners can get loans of up to $200,000 for their real estate, and owners and renters can get loans of up to $40,000 to repair or replace damaged personal property. Businesses and nonprofit groups can get loans of up to $2 million.
President Barack Obama previously approved federal aid for public entities in 18 Missouri counties but denied a disaster declaration for individual assistance.
Low-interest loans are now available to some residents and business owners in St. Louis and St. Charles county who were affected by storms between May 29 and June 10.
The funds are coming from the US Small Business Administration. Homeowners could receive as much as $200,000 to replace homes or land. Businesses and nonprofits could as be eligible for up to $2 million in loans to repair or replace land, property, or other business assets. Loan rates start as low as 1.8%.
More information is available from the SBA's Customer Service at 1-800-659-2955 or www.sba.gov/disaster.