SBA Opens Disaster Loans for Missouri Storm-Hit Counties

The U.S. Small Business Administration (SBA) has declared an administrative disaster for a rural area of Missouri, opening federal low-interest loans to homeowners, businesses and nonprofits affected by severe storms, tornadoes and flooding. The declaration, issued on August 28, 2026, covers the incident period of April 23 through April 28, 2026, and was published in the Federal Register of September 2, 2026.

The notice, signed by James Stallings, Associate Administrator of the SBA’s Office of Disaster Recovery & Resilience, designates Randolph and Saline counties as the primary counties adversely affected by the disaster. The declaration is issued under the authority of 13 CFR 123.3(b), with Catalog of Federal Domestic Assistance Number 59008.

Loan Types and Deadlines

Two categories of assistance are available to eligible applicants. Physical-damage loans cover repair and replacement of damaged property, while Economic Injury Disaster Loans (EIDL) provide working capital to help businesses and nonprofits meet obligations they could not otherwise pay.

• Physical Loan Application Deadline: October 27, 2026
• Economic Injury (EIDL) Loan Application Deadline: May 28, 2027

The disaster is identified under Disaster Declaration #21819 and #21820, with Missouri Disaster Number MO-20033. The number assigned for physical damage is 21819B and for economic injury is 218200.

Interest Rates

Interest rates vary by applicant type and whether credit is available elsewhere. For physical damage, the rates are:

• Homeowners with credit available elsewhere: 5.750%
• Homeowners without credit available elsewhere: 2.875%
• Businesses with credit available elsewhere: 8.000%
• Businesses without credit available elsewhere: 4.000%
• Private non-profit organizations with credit available elsewhere: 3.625%
• Private non-profit organizations without credit available elsewhere: 3.625%

For economic injury, the rates are:

• Business and small agricultural cooperatives without credit available elsewhere: 4.000%
• Private non-profit organizations without credit available elsewhere: 3.625%

How to Apply

Applications for disaster assistance loans may be submitted online through the MySBA Loan Portal at lending.sba.gov, or in person at locally announced locations. For further assistance, applicants can contact the SBA disaster assistance customer service center by email at disastercustomerservice@sba.gov or by phone at 1-800-659-2955; individuals who are deaf, hard of hearing or have a speech disability may dial 7-1-1 to access telecommunications relay services.

The point of contact for the declaration is Milton Murphy of the SBA’s Office of Disaster Recovery & Resilience, at 409 3rd Street SW, Suite 6050, Washington, DC 20416, (202) 205-6734.

What This Means for Residents

For homeowners, businesses and nonprofits in Randolph and Saline counties, the declaration unlocks federal financing at rates well below typical commercial borrowing, with the lowest physical-damage rate of 2.875% reserved for homeowners without credit available elsewhere. The extended EIDL window through May 2027 gives affected enterprises time to assess economic losses, while the physical-damage deadline of October 27, 2026 requires prompt action for property repairs.

Source: Federal Register, Vol. 91, No. 169, September 2, 2026, Notices, p. 56536 (official reference: FR Doc. 2026-17973).