Missouri Residents Impacted by Severe Storms and Flash Flooding Eligible for Low-Interest Disaster Loans

Strategic Insights -

Severe storms and flash flooding that occurred on July 26 and 27 have left many residents in Missouri with significant damage to their homes and businesses. In response to the disaster, the U.S. Small Business Administration (SBA) has approved Governor Mike Kehoe's request to make low-interest federal disaster loans available to those affected. The SBA disaster declaration has been extended to include Lincoln, Montgomery, Pike, St. Charles, and Warren counties, with interest rates as low as 4% for businesses, 3.62% for nonprofits, and 2.81% for homeowners and renters. Residents can apply for the loans through the SBA's website or by contacting their local Disaster Loan Outreach Center.

Key Takeaways:

  • The SBA has approved low-interest disaster loans for residents in Lincoln, Montgomery, Pike, St. Charles, and Warren counties, with interest rates as low as 2.81% for homeowners and renters, 3.62% for nonprofits, and 4% for businesses.
  • The loans have a maximum term of 30 years and interest does not begin to accrue until 12 months from the date of the first loan disbursement.
  • The deadline to return physical damage applications is October 14, 2025, and the deadline to return economic injury applications is May 13, 2026.
  • More than $617,000 in low-interest disaster loans have been approved in Barry, Camden, Christian, Dade, Dallas, Greene, Jasper, Lawrence, McDonald, Newton, Polk, Stone, and Webster counties.
  • Over $7.4 million in low-interest disaster loans have been approved in the City of St. Louis and several surrounding counties.
  • More than $14.8 million in low-interest disaster loans have been approved in the City of St. Louis and several surrounding counties.
  • Disaster Loan Outreach Centers are open in Lincoln County, Greene County, and St. Louis County, with hours of operation varying by location.

Statistics:

  • The SBA has approved over $7.4 million in low-interest disaster loans for residents in the City of St. Louis and several surrounding counties.
  • More than $14.8 million in low-interest disaster loans have been approved in the City of St. Louis and several surrounding counties.
  • Over $617,000 in low-interest disaster loans have been approved in Barry, Camden, Christian, Dade, Dallas, Greene, Jasper, Lawrence, McDonald, Newton, Polk, Stone, and Webster counties.
  • The deadline to return physical damage applications is October 14, 2025.
  • The deadline to return economic injury applications is May 13, 2026.

Sources:

  • sema.dps.mo.gov/news/newsitem/uuid/1d593ade-888a-4cc2-9a6e-ca96f67c573d
  • sba.gov/disaster
  • appointment.sba.gov