ST. LOUIS, May 22, 2025 /PRNewswire/ -- LiftFund, a nonprofit community funder based in San Antonio, TX, is extending a lifeline to small businesses impacted by the May 19 tornadoes in Kentucky and Missouri by offering a five percent interest rate loan program through the Heartland Disaster Relief Loan Program, available now.
The loans offer rapid access to a five-percent reduced interest rate to borrowers who cannot secure funding through traditional commercial banking sources.
"Rapid access to capital is one of the greatest challenges small businesses face in the aftermath of a disaster," says Amy Hereford, CEO of LiftFund. "The Heartland Disaster Relief Loan Program is designed to bridge that gap quickly and effectively, providing entrepreneurs with the financial support they need to stabilize and move forward. By ensuring that funding is accessible when it's needed most, we are helping preserve jobs, protect local economies, and empower communities to recover with confidence."
Small businesses can borrow up to $25,000 with a maximum loan term of 54 months. Loans can be used for recovery and repair, equipment, inventory, leasehold improvements and payroll. Small business owners can apply directly on the website at www.liftfund.com/heartland-relief-loan/.
Interested businesses are advised to prepare and gather financials and credit history in advance. Financials can include profit and loss statements, balance sheets or cash flow statements. However, LiftFund offers direct, one-to-one support on preparation steps, if needed.
LiftFund is also seeking donors and partners to expand the program's scope. Information about partnerships and direct donations can be found at donate.liftfund.com.
"Every act of generosity moves us closer to restoring the vibrant communities that define this region. This is a chance for philanthropy to do more than help communities recover; it's an opportunity to drive long-term resilience and sustainable growth," says Hereford.
For questions about the program or application assistance, please contact LiftFund at 800-923-9551.
About LiftFund
LiftFund is one of the nation's most trusted and experienced nonprofit small business lenders, dedicated to empowering entrepreneurs and advancing economic prosperity. For over 30 years, LiftFund has driven billions in economic impact by providing responsible loans, managing impactful grant programs, and delivering accessible financial education. With a commitment to listening, partnering, and offering flexible, mission-driven support, LiftFund helps entrepreneurs build strong businesses and resilient communities. For more information, visit LiftFund.com and follow us on social media or @LiftFundUS.
SOURCE LiftFund
Share this article