The catastrophe loans can be found in Barry, Bollinger, Butler, Carter, Howell, Madison, McDonald, New Madrid, Oregon, Reynolds, Ripley, Scott, Shannon, Stoddard, and Texas counties. Francisco Sánchez Jr., affiliate administrator for the Workplace of Catastrophe Restoration and Resilience on the SBA, suggested personal nonprofits to contact the Missouri State Emergency Administration Company at (573) 526-9100 or go to their web site for extra info on applicant briefings. At these briefings, representatives might want to present particulars about their organizations. FEMA will use this info to find out if the nonprofit supplies a necessary governmental service and qualifies as a crucial facility. Eligible organizations might obtain Public Help grants for his or her prices.
The SBA can lend as much as $2 million to personal nonprofits for repairing or changing broken or destroyed actual property, equipment, tools, stock, and different enterprise belongings. Moreover, the SBA presents funds for enhancements to stop or decrease future catastrophe injury.
Financial Harm Catastrophe Loans are additionally obtainable for nonprofits of any dimension to assist meet working capital wants brought on by the catastrophe. These loans can be utilized to pay mounted money owed, payroll, accounts payable, and different payments that can’t be lined because of the catastrophe’s influence. This help is accessible no matter whether or not the nonprofit skilled property injury.
The rate of interest for these loans is 3.25 p.c, with reimbursement phrases of as much as 30 years. The deadline to use for loans protecting property injury is September 23, 2024, and for financial harm loans, the deadline is April 23, 2025. Curiosity doesn’t start to accrue till 12 months after the primary mortgage disbursement, with reimbursement additionally beginning 12 months after disbursement.
Purposes may be submitted on-line at SBA.gov/catastrophe, the place further catastrophe help info can also be obtainable. The SBA’s Buyer Service Middle may be reached at (800) 659-2955 or through e mail at [email protected]. For many who are deaf, laborious of listening to, or have a speech incapacity, telecommunications relay companies may be accessed by dialing 7-1-1.
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