How SLDC is Investing in St. Louis

Three programs serving the community of St. Louis

St. Louis Development Corporation (SLDC) has three programs dedicated to investing in the future of St. Louis. The three programs are Home:STL, ScaleUp:STL and Mobilize:STL. While each is focused on a different aspect of community strengthening, all work together to make St. Louis a more equitable city.

 

Home:STL, like the name implies, deals with homebuyer assistance, specifically for first time homebuyers in St. Louis City. Its goal is to make homeownership more affordable and assist with the purchasing process. Home:STL has no monthly payments for up to 15 years and is a forgivable loan at 0% interest. The loan may be used for anything from closing costs, to down payments.

To learn more and view the Home:STL borrower process, click here.

 

ScaleUp:STL focuses on helping small businesses and non-profits through low-interest loans. SLDC has partnered with St. Louis Community Credit Union (SLCCU) and Small Business Empowerment Center (SBEC) for funding. The Business Growth Loans include traditional and SBA 7a & 504 commercial loans. All loans are below market interest rate. The emphasized geographical focus of ScaleUp:STL is the Southeast and Northern half of St. Louis City. Women and Minority owned businesses are highly encouraged to apply.

To read more and view the requirements of the loan, click here.

 

Mobilize:STL’s focus is on contractor and supplier short-term loans. SLDC has partnered with Rise CDFI to offer loans that will provide cash flow and help overcome the funding delays that may come with major project participation. The terms for these loans are 3 to 18 months, depending on the schedule of the construction. There are also no application fees and a low 4% fixed interest rate. Again, women and minority owned firms are encouraged to apply, with Rise CDFI providing tailored technical assistance.

To learn more and view the eligibility questionnaire for this program, click here.