Project Range — $30,000 to $100,000
The Metropolitan Loan Program (MLP) provides low-interest, subordinated loans. Although the loans can be used for most business purposes, most programs require a bank decline letter or bank participation.
Funding for the loan program is provided through grants from the Economic Development Administration (EDA), under the Economic Adjustment Assistance Program, the Department of Housing and Urban Development (HUD), and the Community Development Administration (CDA), under the provision of Title I of the Housing and Community Development Act of 1974 (Pub. L, 93-383 42 U.S.C. § 5301 et seq.).
These loans are available to qualifying businesses in St. Louis County. Loans must create at least one job per $35,000 borrowed.
For loans below $30,000 please call (314) 533-2411.