Disaster assistance loans for small businesses impacted by the COVID-19 public health crisis will soon be available to companies in St. Charles County and throughout Missouri, thanks to the emergency declaration and application submitted Monday evening by Missouri Governor Mike Parson to the U.S. Small Business Administration (SBA).
Missouri is currently waiting on final approval from the SBA before business applications can be submitted.
According to the SBA disaster assistance website, 10 areas have been approved so far. They include California, Connecticut, District of Columbia, Maine, Montana, Nevada, New Mexico, Rhode Island, Utah and Washington State.
“Small businesses are the backbone of the economy in St. Charles County and across the USA and the coronavirus is severely impacting their operations and the lives of their employees,” said EDC President & CEO Scott J. Drachnik. “As more and more businesses, stores and restaurants close or operate at limited capacity, the need to provide them and their employees with the resources to weather this crisis is of the utmost importance. Thankfully, SBA disaster loans along with other federal and state relief efforts for individuals and businesses will be coming soon.”
Even though the EDC is one of the largest SBA 504 lenders in metro St. Louis, Drachnik said the SBA disaster loan program is managed directly by SBA officials and only their certified staff.
The St. Louis District Office for the U.S. Small Business Administration can be reached at 314-539-6600 and more information about their disaster loan program is online at:
Additional information for business and individuals is available from the EDC at:
“Our community has survived historic floods, deadly tornadoes, past illnesses, 9-11 and the Great Recession,” Drachnik said. “Together we will survive COVID-19. Together we are St. Charles County Strong!”