Federal disaster loans are now available for certain private nonprofit organizations in Missouri that suffered economic losses and physical damage due to severe storms, tornadoes, straight-line winds, and flooding from November 3-9, 2024. The U.S. Small Business Administration (SBA) announced the relief efforts aimed at helping these organizations recover.

Eligible nonprofits providing essential governmental services in the counties of Carter, Crawford, Dent, Douglas, Howell, Oregon, Ozark, Phelps, Pulaski, Reynolds, Shannon, Texas, Washington, and Wright can apply for assistance. These organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate and business assets. The loans carry an interest rate of 3.625% with terms extending up to 30 years. Interest will not begin to accrue until a year after the initial disbursement.

The SBA is also offering Economic Injury Disaster Loans (EIDLs) to assist with working capital needs like ongoing operating expenses. This aid is available even if no physical property damage occurred.

Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the SBA stated: “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage.” He encouraged working with contractors and mitigation professionals for property strengthening and mentioned the opportunity to request additional funds for proactive improvements.

The deadline for applying for property damage loans is March 3, 2025; for economic injury loans it is October 1, 2025. The funding comes from the American Relief Act of 2025 signed into law on December 21, 2024. Following this act's approval, over 21,000 commitment letters were issued by the SBA within six hours.

Applicants are urged by the SBA to submit their applications promptly online at SBA.gov/disaster or contact their Customer Service Center via phone or email for further assistance.