SBA to Provide Disaster Assistance to Those Impacted by Ferguson

Alex Stuckey, St. Louis Post-Dispatch, September 3, 2014

The Small Business Administration announced today it will provide low-interest loans to those impacted by the events in Ferguson.

Business owners and nonprofit organizations in St. Louis County, St. Louis city and St. Charles, Franklin and Jefferson counties that “suffered substantial economic injury” because of the events in Ferguson are eligible.

“This SBA declaration means that another important tool is available . . . for rebuilding and strengthening the businesses that are essential to the vitality of the Ferguson area,” Gov. Jay Nixon, who requested the help, said in a news release.

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This additional relief comes after an announcement last week that $1 million worth of no-interest loans would be available to for-profit small businesses through the “Small Business Relief Program.”

The $1 million came from the state’s small-business loan program, the St. Louis Regional Chamber, the St. Louis Economic Development Partnership and a coalition of local banks led by Pulaski Bank, Commerce Bank and Enterprise Bank & Trust.

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