Business Finance

EDA Metropolitan Loan Program

Financing Businesses Affected by COVID-19

The U.S. Economic Development Administration (EDA) has awarded CARES Act funds to the St. Louis Economic Development Partnership and The St. Louis Local Development Company, an organization under the St. Louis Development Corporation’s umbrella, to make loans to businesses that have been negatively affected by COVID-19 or that are providing goods or services addressing problems caused by the pandemic.

Program Details:

  • Must be a for-profit business located in the City of St. Louis or St. Louis County
  • Loan funds may be used for working capital needs and the purchase of inventory, equipment, machinery, and other fixed assets
  • Amounts ranging from $10,000 to $150,000
  • Interest rates starting at 2%
  • Loan terms will be determined by the nature of the project, with most terms ranging from three to five years

EDA Metropolitan Loan Program guidelines.

(Application link at the bottom)

Please read the following directions to fill out the application.

 

 

 

 

 

 

 

 

 

 

 

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Have any questions about the program? Contact one of our loan officers below!

Roger Schlueter

314.368.4628

[email protected]

Tim Bohnert

314.518.7143

[email protected]

Zack Folk

314.276.4203

[email protected]