Missouri to speed up loan program in disaster areas - KMOV.com

Missouri to speed up loan program in disaster areas

JEFFERSON CITY, Mo. (AP) -- Missouri is offering to speed up the approval of low-interest loans for farms and businesses recovering from recent floods and tornadoes.

State Treasurer Clint Zweifel (ZWY'-ful) says his office will review applications within 24 hours from people in disaster-affected areas seeking to participate in the state's linked-deposit program. He says it typically takes about 10 days to consider applications.

The linked-deposit program puts state money into banks at low interest rates so that those banks can make low-interest loans. It's open to farms, businesses with fewer than 100 employees, public entities and individuals who install alternative energy systems in their homes or buildings.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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