Zero-interest loan program for small businesses affected by COVID-19
The St. Louis Economic Development Partnership, the St. Louis Development Corporation, The St. Louis County Port Authority, U.S. Bank’s Market Impact Grant, and a coalition of 10 St. Louis banks are offering a zero-loan program* for small businesses in the city of St. Louis and St. Louis County.
Banks who joined the Partnership and SLDC to provide support to small businesses include: Busey Bank, Commerce Bank, Enterprise Bank & Trust, First Bank, Royal Banks of Missouri, UMB Bank, Central Bank of St. Louis, St. Louis Bank, Carrollton Bank, and Simmons Bank.
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.
For more question about this loan, please email [email protected].
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*Funds Subject to Availability.
COVID-19 Regional Business Information Center