Jefferson City small businesses get help with natural disaster recovery

10 months 1 week 5 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 — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
1 hour ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 3:00:00 PM CDT May 29, 2020 in News
COLUMBIA - Mid-Missourians marched and held signs in Columbia on Friday morning to bring awareness to police brutality against African... More >>
2 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 1:52:00 PM CDT May 29, 2020 in News
CLARKSBURG, Mo. - Two people were arrested in Clarksburg, Mo., on drug charges after a search on May 21, according... More >>
2 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 1:32:00 PM CDT May 29, 2020 in News
MINNEAPOLIS (AP) — The Minneapolis officer who was seen on video kneeling on the neck of George Floyd, a handcuffed... More >>
3 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 12:46:00 PM CDT May 29, 2020 in News
O’FALLON, Mo. (AP) — Missouri’s only abortion clinic will be able to keep operating after a state government administrator decided... More >>
3 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 12:38:00 PM CDT May 29, 2020 in News
COLUMBIA - The Missouri River is expected to reach moderate flood stage in Jefferson City, Glasgow and Hermann this weekend.... More >>
4 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 11:30:00 AM CDT May 29, 2020 in Weather
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. You can find... More >>
9 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:39:00 AM CDT May 29, 2020 in News
COLUMBIA- A student at the West Location of Tiger Tots Academy has tested positive for COVID-19. According to a... More >>
9 hours ago Friday, May 29 2020 May 29, 2020 Friday, May 29, 2020 6:37:00 AM CDT May 29, 2020 in News
JEFFERSON CITY – During his daily COVID-19 briefing Thursday, Governor Mike Parson announced an extension of the phase one reopening... More >>
19 hours ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 8:42:00 PM CDT May 28, 2020 in News
COLUMBIA - As Boone County moves into the next phase of reopening, hair salons can now open their doors to... More >>
22 hours ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 6:17:00 PM CDT May 28, 2020 in News
COLUMBIA - The City Manager of Columbia announced plans to further cut city budgets due to the effects of COVID-19.... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:42:00 PM CDT May 28, 2020 in News
As COVID-19 spreads, KOMU 8 will continue to update you about the impacts on the community. You can find... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:40:00 PM CDT May 28, 2020 in News
BOONE COUNTY - While other sports adjust the game plan to respect social distancing, some are just playing things business... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:16:00 PM CDT May 28, 2020 in News
KANSAS CITY, Mo. (AP) — The University of Missouri-Kansas City says it will begin bringing back faculty, staff and students... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 2:14:00 PM CDT May 28, 2020 in News
COLUMBIA — During the State of the City address, John Glascock said the city is leaving it up to the... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 1:51:00 PM CDT May 28, 2020 in News
JEFFERSON CITY - Governor Mike Parson will deliver his daily COVID-19 briefing live from the State Capitol in Jefferson City... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 12:46:00 PM CDT May 28, 2020 in News
Editor's note: Dr. Edith Bracho-Sanchez is a primary care pediatrician, director of pediatric telemedicine and assistant professor of pediatrics at... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 12:26:23 PM CDT May 28, 2020 in A Brighter Tomorrow
COLUMBIA - Click below to watch the final candidate forum for the Columbia School Board. All four candidates - Jonathan... More >>
1 day ago Thursday, May 28 2020 May 28, 2020 Thursday, May 28, 2020 11:30:00 AM CDT May 28, 2020 in News
Columbia, MO
Broken Clouds 76°
5pm 75°
6pm 72°
7pm 70°
8pm 69°