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Mo. small businesses eligible for federal aid

Mo. small businesses eligible for federal aid

August 2nd, 2012 in News

JEFFERSON CITY, Mo. (AP) - Missouri businesses directly harmed by the summer heat and drought can get low-interest loans through the U.S. Small Business Administration.

Small nonfarm businesses, agricultural cooperatives and nonprofit organizations are eligible for up to $2 million for expenses caused by the drought. The deadline for loans is March and applications can be submitted online at disasterloan.sba.gov/ela.

The U.S. Department of Agriculture has declared a disaster for 114 Missouri counties, making farmers eligible for low-interest loans and other assistance.

The National Weather Service reports that St. Louis had the warmest July on record and the eighth driest. Last month was tied for the fourth warmest July in Columbia and the 23rd driest.