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St. Louis Economic Development Partnership – SMB Loans

Agency / Department: St. Louis Economic Development Partnership

Resource: SMB Loans

Details: The St. Louis Economic Development Partnership, and the St. Louis Development Corporation are offering a zero-loan program* for small businesses in the city of St. Louis and St. Louis County.

Businesses are eligible to apply for loans of up to $5,000 for working capital. Any for-profit business in the city of St. Louis or St. Louis County that has sustained economic damage due to the COVID-19 crisis may apply. To obtain a zero-interest loan, businesses must be current on all taxes through 2018, be in good standing with state and local governments, and have been in business for at least one year. Applicants must demonstrate that their company’s jobs are threatened by the health crisis, and they must explain how the loan would retain those jobs. Financial institutions and lenders are not eligible.

Link: https://stlpartnership.com/small-business-resource-fund-for-companies-that-sustained-economic-damage-due-to-the-covid-19/

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