Missouri Chamber of Federations Business Resources

With COVID-19 continuing to spread in the United States, the Missouri Chamber of Commerce and Industry urges the business community to take proactive steps to protect their workplaces and communities from coronavirus and other infectious diseases like influenza.

 For specific information on SBA small business loan guidance and resources, go to  

To apply for a loan, go to

Missouri S&T Small Business Development Center small business help & support

Links to important state and national resources for employers:

Department of Labor COVID-19 FAQ for Businesses & Workers

U.S. Chamber of Commerce Summary of Latest Congressional Action on Coronavirus Response

Missouri Chamber Coronavirus Primer for Missouri Employers

Missouri Department of Economic Development Question Form Submission Page

Missouri Small Business & Development Center

SBA to Provide Disaster Assistance Loans for Small Businesses Impacted by COVID-19

SBA Disaster Assistance in Response to the Coronavirus

Guidance for Businesses and Employers to Plan and Respond to COVID-19

Missouri SBDC: How might your business be affected by COVID-19?

Virtual/Remote Employment

Missouri Training Institute: Managing Employees Remotely, Thursday March 26

Missouri Chamber Federation members,

The US Chamber of Commerce has provided the attached as a resource with the passage of the Cares Act.  We are working at this time with the US Chamber to host a meeting for all Federation members  to have a deeper dive into the passage of the Cares Act.  Also, you can find it here

This pdf will also be on our dropbox at

Date: 4/2/2020
Time: 9:00 AM – 10:00 AM (CDT) 
Status: Open – 128 places remaining 
Registration Deadline: 4/2/2020 8:00 AM (CDT)
Fee: No Fee 

Point of Contact: Karen Leatherman (573) 341-4551

Program Format: Webinar
Training Topics: COVID-19, Disaster Planning, Disaster Recovery
Has your small business been impacted by COVID-19? • Webinar only (register for one only) • Learn more about the U.S. Small Business Administration Economic Injury Disaster Loan program • Hear from experts from U.S. Small Business Administration and the Missouri Small Business Development Center • Get your questions answered • Registration required
Instructions: This is a webinar ONLY. Please do not travel to a physical location to attend. Once you have registered for this webinar, you will receive a link to join on the scheduled day and time. You do NOT need a web camera to participate. You can join by computer, Zoom app on your phone or dial from your phone like a regular call. There is no fee to attend this webinar.

Webinars on SBA Economic Injury Disaster Loans. Thursdays, 9:00-10:00 a.m. Registration required. Missouri SBDC
April 2:
April 9:
April 16:

Good evening:

Our thoughts and prayers continue to be with our citizens, communities and nation during this trying time for everyone.  We want to assure our region’s small businesses that we are here to assist and provide as much support as possible.  As a result, we are sharing the most current updates on resources available that offer economic impact relief for our businesses.  If you have questions or need guidance with SBA’s application requirements, feel free to contact me by email at or by phone at 573-265-2993, ext. 114.  

First, at this time, Missouri has not been declared a disaster state.  It is our understanding that Governor Parson yesterday announced the state is working with the Small Business Administration to receive approval for Missouri to be added as a disaster declared state due to the COVID-19 pandemic.   Without the approved declaration, the State of Missouri’s small businesses are unable to apply for SBA’s disaster loan program for financial assistance.  Here is what we do know:

  • The Economic Injury Disaster Loan has a hotline for businesses to contact.  Phone number: 1-800-659-2955.
  • To apply for a loan, go to
  • Businesses that apply may use loan funds for working capital, capital access, facility remediation, clean-up, insurance coverage issues, marketing, changes in market demand, and projected business plan.
  • For specific information on SBA small business loan guidance and resources, go to
  • Collateral for loan applications up to $25,000 is not required.  Loans over $25,000 will not be denied if there is not adequate collateral but will take any collateral available.
  • There are no prepayment penalties with the disaster loan.
  • Application decision time is 2 to 3 weeks.
  • The following information must be provided with an application: Business information (name, address, background, etc.), personal financial statement (SBA form 413), proof of business insurance, company’s historical financial information (3 years tax returns), estimated business loss, estimated revenues and expenses, list of liabilities, and projections for business performance moving forward.
  • MO Source Link provides the most current information to help small businesses on the COVID-19.  Go to In addition, there is a contact hotline for small business to call for assistance. 
  • To monitor progress on disaster declarations, go to
  • Guidance on applying for a disaster loan:

SBA will loan up to $2 million to eligible small business through a disaster loan.  The rate is fixed at 3.75% for a term up to 30 years to assist with economic injury in the current declared national emergency.  

  •             Loan application (SBA Form 5), completed and signed (this is electronic/online in the portal)
  •             Tax Information Authorization (IRS Form 4506-T), completed and signed by each applicant, each principal owning 20 percent or more of the applicant business, each general partner or managing member; and, for any owner who has more than 50 percent ownership in an affiliate business. Affiliates include, but are not limited to, business parents, subsidiaries, and/or other businesses with common ownership or management
  •             Complete copies, including all schedules, of the most recently filed Federal income tax returns for the applicant business; an explanation if not available
  •             Personal Financial Statement (SBA Form 413) completed, signed, and dated by the applicant, each principal owning 20 percent or more of the applicant business, and each general partner or managing member
  •             Schedule of Liabilities listing all fixed debts (SBA Form 2202 may be used)

Non-profits are also eligible for SBA disaster loans. Individuals may contact the local SBA St. Louis District office and lead lender relations specialist: 
Tom Daiber
Lead Lender Relations Specialist
St Louis District Office
U.S. Small Business Administration 
1222 Spruce Street, Suite 10.103
St Louis MO 63103


I was on a call with the SBA this morning about the SBA Economic Impact Disaster Loan program for small businesses. Here are some of my takeaways from that meeting, and some helpful information to you. As you know, things are moving and changing at an unprecedented pace. Please know that some of this information may change. I am working from home, and scheduling meetings for phone or videoconference only. The best way to reach me is through email,

  1. Talk with your bank/lender about a line of credit and/or potential loan to get you by through the SBA loan process (which will take a minimum of 3-4 weeks)
  2. Collect your financials (more info below)
  3. Download SBA loan documents and start working through that process (more info below)
  4. Read Top 10 Important Things to Know (more info below)
  5. Read about business disruption steps from the Missouri SBDC

What loan can cover

  • It covers normal operating expenses – those bills to stay in operation: rent, utilities, payroll. 
  • Does not cover loss of profits.
  • Note: Additional programs related to COVID-19 are in the works to cover (as a reimbursable tax credit) employee sick time/time off, FMLA, etc.

Top 10 Important Things to Know about SBA EIDL Loans

  1. There is no cost to apply.
  2. If you are not sure if you qualify, APPLY. SBA will review. First come, first served basis so apply ASAP.
  3. This will take time. Quickest turnaround is 3-4 weeks.
  4. SBA will look at: Credit history and repayment ability. You will need to provide a schedule of liabilities and personal financial statement (part of loan application). You should gather cash flow, normal expenses, historic records.
  5. Initial loan payments are not due for 11-12 months.
  6. Loans available below $25K and up to $2M.
  7. Interest rate: 3.75%.
  8. Collateral: Needed for loans more than $25K. Collateral DOES NOT need to include real estate. Collateral can be for fixtures, furnishings and equipment (FFE).
  9. Loans can be up to a 30-year term. Can be paid off early – no pre-payment penalty.
  10. No requirement to provide most recent copy of current income tax (although some financials/historicals will be required).

How to apply:

You can apply directly, online, for an SBA Disaster Loan. I recommend you download all the loan documents in advance of applying, complete them, have them reviewed by an SBDC counselor, then go online to submit your application. This will ensure that you understand the loan criteria and qualifications, and have answered the questions appropriately. A few of the documents may need to be uploaded, so completing them in advance will save you from having to go out of the system and get back in. The SBA’s website is receiving an unprecedented amount of traffic during the COVID-19 pandemic, and is therefore moving slowly and may even crash, so please click “save” frequently.

  1. Before you apply, visit Download the paper forms so you can collect your information and know what you need. 
    1. Form 5: businesses other than sole proprietor
    2. Form 5C: sole proprietor
  2. Complete the paper forms and your financials. Here are some templates that can help with your financials.
    1. Personal financial statement
    2. More financials templates (your accountant should be able to assist with these):   
  3. Visit   
  4. Go to
    (FYI: The page states you’ll need a FEMA number and your deed or lease info – you will not).
  5. Be sure you’ve completed the IRS Form 4506-T (personal tax return request form). The link is on the page above.
  6. Click on “You can apply online”
  7. Create a username and password
  8. Follow the prompts to answer all the questions.
    Remember to click SAVE often so you don’t lose any progress you’ve made.
    Remember to check ECONOMIC INJURY ONLY. This is NOT property damage.

SBA contact info:

Thank you, stay healthy and remember to Do the 5,

Karen LeathermanBusiness Development Specialist
Small Business Development Center
Missouri University of Science and Technology

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