The State Treasurer’s Office wants to make sure farmers seeking loans under the Missouri Linked Deposit program get a prompt response.
State Treasurer Clint Zweifel has authorized making the entire state eligible for the Harmed area Emergency Loan Priority System, or HELP. That makes farmers applying for those low-interest loans eligible for 24-hour approvals.
“When someone needs help and they’re going through a difficult time and they’re in a disaster county … I think 24 hours versus 10 days makes a big difference in terms of making sure that we’re helping them deal with a difficult situation.”
Loans are normally approved in 10 days.