St. Louis County Economic Council BOOST Loan Program

The St. Louis County Economic Council (SLCEC) has created a new loan program to further help businesses with access to capital issues. BOOST is an alternative loan program to the SBA 504 loan and features fewer eligibility requirements including no net worth, income size or personal liquidity limits. This innovative program is available for businesses expanding within St. Louis County and is available for the purchase or construction of land, buildings, machinery, and equipment. The program offers of maximum of $500,000 in gap financing or 40% of the project cost. The remainder is to be 50% bank financing and 10% owner equity.

Additional information and details concerning this program can be found on the SLCEC website.