Story Published:
Jun 3, 2009 at 12:41 PM CDT
Story Updated:
Jun 3, 2009 at 12:41 PM CDT
JEFFERSON CITY, Mo. -- Small-business owners looking for a little cash now can apply for help from the state. The Missouri Small Business Loan Program is offering businesses with five or fewer employees loans of between $2,500 and $25,000.
Businesses will have to act fast if they want a share of the
$2 million pool of money made available by the Missouri Development
Finance Board. The application period began Monday and runs through
June 26.
The loan program was proposed by Gov. Jay Nixon as a way of
providing capital to small businesses struggling during the economic recession. Businesses can receive loans at a 3-percent interest rate,
typically to be paid off in 10 years or less.
