Reminder: Disaster Assistance for Small Businesses Impacted by the Coronavirus

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Kansas City District Office  - March 2020

u s small business administration

Reminder: Disaster Assistance for Small Businesses Impacted by the Coronavirus (COVID-19)

Coronavirus (COVID-19): Small Business Guidance & Loan Resources

 

The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Kansas and Missouri small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).

“Small businesses, private non-profit organizations of any size, small agricultural cooperatives and small aquaculture enterprises that have been financially impacted as a direct result of the Coronavirus (COVID-19) since Jan. 31, 2020, may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses which could have been met had the disaster not occurred,” said SBA Administrator Jovita Carranza.

“These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Disaster loans can provide vital economic assistance to small businesses to help overcome the temporary loss of revenue they are experiencing,” Carranza added.

Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent. SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.

Applicants may apply online by clicking here. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard of hearing may call (800) 877-8339. Completed applications can also be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.

The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020.

For more information about Coronavirus, please visit: Coronavirus.gov.

For more information about available SBA resources and services, please visit: SBA.gov/coronavirus.

SBA Kansas City District Office Directory

Jon Malcolm Richards, District Director, (816) 426-4903

Mike McWhorter, Lead Lender Relations Specialist, (816) 426-4916

Carolina Vargas, Lender Relations Specialist, (816) 426-4913

Sheila Forrester, Economic Development Specialist/PIO, (816) 426-4908

Ken Surmeier, Business Opportunity Specialist, (816) 426-4919

Springfield, MO Branch Office Directory

Ram Basnet, Branch Manager/PIO, (417) 889-6912

Lisa Zimmerman, Lender Relations Specialist, (417) 413-5793