St. Louis Business Development Fund

The St. Louis Business Development Fund is a risk lending pool for projects considered too risky for conventional financing. There is no company size or industry limit.

The St. Louis Business Development Fund is a consortium of several local banks and three economic development organizations that have created a risk lending pool for projects considered too risky for conventional financing.

Eligibility

Eligible businesses must have:

  • a positive net worth
  • a positive cash flow
  • an experienced management team
  • growing market potential
  • headquarters in the Greater St. Louis Region
  • a relationship with one of the member banks

Loans are from $50,000 to $500,000.

There is no company size limit and all industries are welcome to apply.

The interest rate is typically 2 -3% over the prime rate and there is a success fee per annum on the unpaid balance.

Contact

St. Louis Business Development Fund

(314) 615-7663

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