YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
The Small Business Administration reopened the Economic Injury Disaster Loan program to all small businesses.
The SBA quietly closed the program to new applicants more than a month ago. At that time, it also lowered the total loan amount available to $150,000 from $2 million. Agricultural companies have still been able to take out loans through the program.
The loans, which carry a 3.75% interest rate for businesses and 2.75% interest rate for nonprofits, can be used for debts, payroll and other bills.
Read more from the Washington Business Journal.
The first southwest Missouri location of EarthWise Pet, a national chain of pet supply stores, opened; Grey Oak Investments LLC relocated; and Hot Bowl by Everyday Thai LLC got its start.
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