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The St. Louis Economic Development Partnership (SLEDP) provides specialty loans to local businesses. This is done to encourage economic activity and job creation in the region. The specialty loan programs are shared-risk programs. Also, all loans require personal guarantees for anyone who owns 20 percent or greater in the business and may require guarantees of affiliated businesses.
In addition, loans typically require collateral to the extent it is available. While all loan applications are subject to underwriting standards, the decision to approve or decline the loan request is on a case-by-case basis.
This page is for informational purposes only and is not a commitment to lend funds. As a result, loan terms and any approvals will be in writing on a signed commitment letter. An oral or informal written letter should not be perceived as a loan commitment. The SLEDP is an equal opportunity lender.