News Column

Gov. Nixon requests help from SBA for businesses affected by Ferguson

August 30, 2014

By Alex Stuckey, St. Louis Post-Dispatch

Aug. 30--JEFFERSON CITY -- Gov. Jay Nixon is asking the U.S. Small Business Administration to provide low-interest loans to businesses affected by the recent events in Ferguson.

"Businesses impacted by recent events in the Ferguson area are in need of assistance to help them recover," Nixon said. "This is part of our ongoing and long-term commitment to help Ferguson and surrounding communities move forward."

Small businesses and some nonprofit organizations could be eligible to receive these economic injury disaster loans, which offer capital to businesses until normal operations resume. The governor requested that businesses in St. Louis County as well as St. Louis city and St. Charles, Franklin and Jefferson counties be eligible.

The governor's request today follows an announcement earlier this 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.

Small businesses that "sustained physical and economic damage" along a corridor that includes Ferguson, Dellwood, Jennings and unincorporated St. Louis County are eligible. Businesses can apply for the loans by calling 314-206-3235.

Alex Stuckey covers Missouri politics and state government for the Post-Dispatch. Follow her on Twitter at @alexdstuckey.


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Source: St. Louis Post-Dispatch (MO)

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