News

Missouri Treasurer launches LIFT program

Missouri’s State Treasurer has begun a program to help farmers and small business owners recover after natural disasters.

The Linked Deposits to Invest and Fund a Timely Recovery, or LIFT program, goes into effect immediately, allowing for a linked deposit loan of up to $2 million for affected borrowers, a discount for lending institutions on those loans, debt refinancing, and expedited approval if requirements are met.

The new program follows widespread flooding and tornado damage earlier in the year and will be available to loan applicants in counties that have received a Major Disaster Declaration from the Federal Emergency Management Agency.

Applications will be accepted from Andrew, Atchison, Boone, Buchanan, Carroll, Chariton, Cole, Greene, Holt, Jackson, Jasper, Lafayette, Lincoln, Livingston, Miller, Mississippi, New Madrid, Osage, Pemiscot, Perry, Pike, Platte, Pulaski, Ray, St. Charles, and St. Genevieve counties.

https://treasurer.mo.gov/content/low-interest-loans/LIFT