BUSINESS FINANCING AND TAX BENEFIT PROGRAMS IN MISSOURI
Program Name |
Agency |
Program Type |
Max. Program Amt. Per Project |
Max. % of Program Amt. Per Project |
Max Program Amt./New Job |
Purpose |
Eligible Use of Funds |
Eligible Projects |
Program Contact |
Phone Number |
CDBG Action Fund Loan |
DED |
Loan to Business |
$400,000 |
30% of Project Cost |
$20,000 |
Gap-Last Resort |
FA, WC |
FP, Industrial |
DED Incentives |
573-751-0717 |
CDBG Guarantee |
DED |
Loan Guarantee |
$400,000 |
90% of Loan |
$20,000 |
Gap-Last Resort |
FA, WC |
FP, Industrial |
DED Incentives |
573-751-0717 |
USDA Bus. & Ind. Guarantee |
USDA |
Loan Guarantee |
$10,000,000 |
90% of Loan |
$25,000 |
Lending Limit |
FA, WC |
FP, Industrial |
USDA Reg. Office |
573-876-0976 |
MO First -Job Creation |
MO Treas. |
Linked Deposit |
$5,000,000 |
100% of Loan |
$25,000 |
Low Rate |
FA,WC |
FP, Industrial |
MO Treasurer |
573-751-4831 |
MO First - Small Business |
MO Treas. |
Linked Deposit |
$100,000 |
100% of Loan |
None |
Low Rate |
WC/M&E/ Line |
FP: Most |
MO Treasurer |
573-751-4831 |
Rural
Bus.
|
RMI |
Loan to Business |
$50,000 |
50% of Project |
None |
Access to Funds |
FA,WC |
FP: Most |
Rural MO. Inc. |
800-234-4971 |
Intermediary Relending |
RMI |
Loan to Business |
$250,000 |
75% of Project |
None |
Fixed Rate |
FA, WC |
FP: Most |
Rural MO. Inc. |
800-234-4971 |
Small Bus. Investment Fund |
RMI |
Loan To Business |
$25,000 |
Not specified |
None |
Gap-Last Resort |
FA, WC |
FP: Most |
Rural MO. Inc |
800-234-4971 |
EDA Revolving Loan |
RPC's |
Loan to Business |
$160,000 |
40% of Project |
$20,000 |
Access to Funds |
FA, WC |
FP: Most |
RPC's |
573-565-2203 |
Research Tax Credit |
DED |
State Tax Credit |
Formula |
6.5% of New Research |
N/A |
Offset Income Tax |
N/A |
FP: Most |
DED BD Bus. Finance |
573-751-0295 |
SBA Micro Loan |
3 Agencies |
Loan to Business |
$30,000 |
80% of Project |
N/A |
Access to Funds |
FA,WC |
FP: Small Bus. |
3 Agencies |
3 Agencies |
SBA Express Guarantee |
SBA |
Loan Guarantee |
$150,000 |
50% of Loan |
N/A |
Access to Funds |
FA, WC |
FP: Small Bus. |
SBA Regional Office |
314-539-6600 |
SBA 504 Loan |
SBA |
Loan to Business |
$1-$1.3 mill. |
40% of Fixed Assets |
$35,000 |
FixRate; Long term |
FA |
FP: Small Bus. |
SBA Regional Office |
314-539-6600 |
SBA 7(a) Guarantee |
SBA |
Loan Guarantee |
$1,000,000 |
75-80% of Loan |
N/A |
Access to Funds |
FA, WC |
FP: Small Bus. |
SBA Regional Office |
314-539-6600 |
SBA Low Doc Guarantee |
SBA |
Loan Guarantee |
$100,000 |
90% of Loan |
N/A |
Access to Funds |
FA, WC |
FP: Small Bus. |
SBA Regional Office |
314-539-6600 |
SBA CapLines Guarantee |
SBA |
Loan Guarantee |
$750,000 |
75% of Loan |
N/A |
Access to Funds |
Line of Credit |
FP: Small Bus. |
SBA Regional Office |
314-539-6600 |
New Generation Co-op Credit |
AG/SB Auth. |
State Tax Credit |
$1,500,000 |
100% |
N/A |
Incent Project |
Offset MO Income |
New Gen. Co-ops |
MO Ag & S.B. Auth. |
573-751-2129 |
Life Science Sales Tax Exmptin |
DED |
Sales Tax Exmptn |
None |
100% |
N/A |
Incntv- New Invest |
New Equipment |
Life Science Co.s |
DED BD Bus. Finance |
573-751-0295 |
Business Facility Credits |
DED |
State Tax Credit |
Formula |
Formula |
Formula |
Tax Incentive |
Offset MO Income |
Mfg, Dist, Whsle, Others |
DED Incentives |
573-751-0717 |
Work
|
DED |
Federal Tax Credit |
None |
N/A |
$2,400 |
Hiring Incentive |
Offset Fed. Income |
All |
DED Div. of W.D. |
800-877-8698 |
Welfare to Work Credit |
DED |
Federal Tax Credit |
None |
N/A |
$8,500 |
Training Incentive |
Offset Fed. Income |
All |
DED Div. of W.D. |
800-877-8698 |
Customized Training Grant |
DED |
Grant |
None |
N/E |
$700-$1,200 |
Training Incentive |
Training |
Higher wage, Mfg, others |
DED Div. of W.D. |
800-877-8698 |
| Type of Approval: | ||
| Formula: The program is funded based on a formula. | ||
| Discretionary: The agency may approve or deny partial or complete request based on teh program's priorities. | ||
| Eligible Use of Funds: FA = Fixed Assets; WC= Working Capital; | ||
| Eligible Projects: FP = For Profit; NP = Non-Profit; Pub = Public Entity | Online Applications -- http://www.missouridevelopment.org/cd/finance/programs.htm |
|
e-mail: ecodev@mail.state.mo.us |
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DED: 1-800-523-1434 |
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ACROYNM |
AGENCIES |
|
| DED | Missouri Department of Economic Development | |
| USDA | US Department of Agriculture | |
| MO Treas. | Missouri State Treasurer | |
| RMI | Rural Missouri, Inc. | |
RPC's |
Regional Planning Commissions - Mark Twain Regional Planning Commission | |
| SBA | US Small Business Administration - | |
|
St. L. Reg. SBA Office - 314-539-6600
|
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KC Reg. SBA Office - 816-374-6708
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| Ag/SB Auth. | MO Agriculture and Small Business Development Authority | |