Interest-Free Loans Can Be Granted for Up to $25,000
The St. Louis County Port Authority has established a $500,000 loan fund to help businesses damaged by flooding along the Meramec River and other waterways.
Interest-free loans — up to $25,000 — will be made available to repair flood damage not covered by a business’s existing insurance policy. Only commercial enterprises in St. Louis County are eligible. The re-payment of each loan will be due within two years.
For more information, please contact St. Louis Economic Development Partnership Vice President Joe Bannister at 314-308-5062 or [email protected]. Completed applications (see the fillable PDF above) should be e-mailed to Bannister.
The Port Authority approved a similar loan program during the winter flooding that started in December 2015. The fund made 20 loans worth $450,000 to businesses that employed 491 workers.
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