Jefferson City small businesses get help with natural disaster recovery

6 months 1 week 2 days ago Wednesday, July 17 2019 Jul 17, 2019 Wednesday, July 17, 2019 6:27:00 PM CDT July 17, 2019 in Continuous News
By: Austin Walker, KOMU 8 Reporter
loading

JEFFERSON CITY -- Businesses affected by April's severe storms, tornadoes, and flooding will have the opportunity to apply for loans.

The loans are coming from the U.S Small Business Administration. The government agency opened Wednesday in Jefferson City.

Corey Williams, a spokesperson for SBA, said this business resource center is like a buffet.

“This is kind of the one-stop shop for our business owners and non-profits to get the help that they need,” Williams said.

SBA is providing help that ranges from business Physical Disaster Loans, Economic Injury Disaster Loans and Home Disaster loans. Each loan provides coverage on small business essentials. Todd Tibbetts, the owner of TNT Sur Plus in Jefferson City, heard about SBA and came right away.

“Having a business on the river bank is a gamble and we expect this,” Tibbetts said. “So when the floods hit, I thought my business was sunk.”

Tibbetts believes for the last five years, flood insurance hasn't been reasonable.

“It’s too expensive and with being a small business, you really can't swing it,” Tibbetts said. “I am so grateful that people get to apply for these loans.”

Employees from SBA said these loans are meant are mean to get people back on their feet.

“That’s the thing about disasters, they bring people together,” Williams said. “We are all Missourians. We need here to make a difference and help each other out”

According to Williams, businesses of any size and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory, and other business assets. These loans cover losses that are not fully covered by insurance or other recoveries.

According to the announcement, the center will be open Mondays through Fridays from 9 a.m. until 6 p.m.

Business owners who are unable to visit the business recovery center can apply online at https://disasterloan.sba.gov/ela.

The deadline to apply for property damage is Sept. 9, 2019. The deadline to apply for economic injury is April 9, 2020.

More News

Grid
List
COLUMBIA- Singing, dancing, and speaking were all part of The Cultural Association of India's annual India Day celebration Saturday afternoon.... More >>
7 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 5:05:00 PM CST January 25, 2020 in News
COLUMBIA— Officers with the University of Missouri Police Department arrested John T. McLiney, 19, on one count of... More >>
8 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 4:00:00 PM CST January 25, 2020 in News
COLUMBIA - The Choral Arts Alliance of Missouri is holding its 5th Annual Unity Concert. The goal of the event... More >>
9 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 3:53:00 PM CST January 25, 2020 in News
FULTON - About 20 Fulton YMCA members kicked the cold Saturday by bundling up and running in the 4th annual... More >>
9 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 3:48:00 PM CST January 25, 2020 in News
BOONVILLE — The third annual Superfinn Autism Foundation Guns and Hoses Event was hosted at Boonville High School Saturday. ... More >>
9 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 3:10:00 PM CST January 25, 2020 in Continuous News
COLUMBIA- More than 100 people showed up for the 7th annual ROC 7K Trail run at Cosmo Park Saturday morning.... More >>
9 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 3:04:00 PM CST January 25, 2020 in News
COLUMBIA – Dozens of veterans showed up to All American Dental for free dental work Saturday. Leroy Strube, a... More >>
10 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 2:04:00 PM CST January 25, 2020 in News
COLUMBIA - The Como Shorts Filmmaker Showcase hosts multiple local artists this weekend to present their films. The showcase... More >>
11 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 1:54:00 PM CST January 25, 2020 in Top Stories
COLUMBIA - The CoMo Short Showcase highlights local filmmakers and their original work in the community. The goal is... More >>
20 hours ago Saturday, January 25 2020 Jan 25, 2020 Saturday, January 25, 2020 4:45:00 AM CST January 25, 2020 in News
COLUMBIA - A hearing has been set for Joseph Elledge on Feb. 3 at 3:00 p.m. at the Boone County... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 8:02:00 PM CST January 24, 2020 in News
BOONVILLE – With the closing of Pinnacle Regional Hospital in Boonville, it will likely take longer for emergency officials to... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 7:50:00 PM CST January 24, 2020 in News
BOONVILLE (AP) - Missouri is planning to cut more than 1,700 beds at prisons across the state. Department of... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 6:47:00 PM CST January 24, 2020 in News
GUTHRIE TOWNSHIP - Deputies have one suspect in custody in a murder investigation. The Callaway County Sheriff's Office said there... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 5:41:00 PM CST January 24, 2020 in News
COLUMBIA - Students avoided slick roads after the University of Missouri closed campus on Friday. The school alerted students... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 2:07:00 PM CST January 24, 2020 in News
COLUMBIA - After a heavy snow fall Thursday night, Susan Stephenson received notifications that Columbia Public Schools would not be... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 1:28:00 PM CST January 24, 2020 in News
COLUMBIA - The City of Columbia Public Works Street Division will start plowing and treating all city streets at 1... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 12:08:00 PM CST January 24, 2020 in News
COLUMBIA - Boone Electric Cooperative is reporting outages affecting nearly 5,000 customers Friday morning. The outages are reported across... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 10:22:00 AM CST January 24, 2020 in News
COLUMBIA - Officials with University of Missouri announced campus is closed Friday due to weather. The university earlier announced a... More >>
1 day ago Friday, January 24 2020 Jan 24, 2020 Friday, January 24, 2020 5:29:00 AM CST January 24, 2020 in News
Columbia, MO
Broken Clouds 28°
1am 28°
2am 28°
3am 28°
4am 27°