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Business Finance |
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Named 504 Lender of the Year by the SBA |
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Matching financial resources with growing companies has been a foundational service of the EDC since its inception nearly two decades ago.
Two of the main financial programs offered by the EDC are 504 loans through the U.S. Small Business Administration (SBA), and industrial revenue bonds issued through the Industrial Development Authority of St. Charles County (IDA).
Since 2000, the EDC’s 504 loan program has issued $93.3 million to business projects throughout Missouri helping to foster total investment of more than $253 million. As a result, nearly 5,900 Missouri jobs were created or retained. In the last decade, the IDA has likewise issued nearly $109 million in bonds to fund 25 manufacturing, not-for-profit, and multi-family projects in St. Charles County. This helped create or retain 1,057 local jobs.
Not surprisingly, EDC’s Small Business Finance Division was named the 504 Lender of the Year by the U.S. Small Business Administration as part of National Small Business Week 2009, and ranked the No. 1 Lender of Small Business Administration Loans in the 2009 Book of Lists from the St. Louis Business Journal.
To find out how the EDC – SBF can help finance your business growth and success in Missouri, click here or call Mark Diliberto at 636-441-6880 ext. 235.
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Long term, 20 year fixed interest rate loans to finance land, building, machinery and equipment.
Minimum/Maximum: $125,000/none |
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Low interest rates, low cost loans for construction, purchase remodel and expand existing facilities, including equipment.
Minimum/Maximum: $3,000,000/$10,000,000 |
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Same as larger bond program but "Mini-Bonds" have reduced fees and below market interest rates.
Minimum/Maximum: $500,000/$3,000,000 |
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Financing of equipment, machinery and working capital to start up and existing businesses.
Minimum/Maximum: $5,000/$50,000 |
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Venture Capital Loan Programs |
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Higher risk loans to, and investments in, smaller companies that show significant potential for success but lack the ability to attract growth capital from traditional sources
Minimum/Maximum: $20,000/$200,000 |
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Economic Development Center
5988 Mid Rivers Mall Dr. Suite 100, St. Charles, MO 63304
Phone: 636.441.6880, Toll Free: (877) 441-6880, Fax: 636.441.6881
E-mail: info@edcscc.com
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Site Concept and Design ©2010 / Maintenance and Hosting provided by jWeb. |
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| 504 Loan Rates (20-Year Term) |
| July 2010 - 5.14% |
| June 2010 - 5.3% |
| May 2010 - 5.5% |
| April 2010 - 5.7% |
| March 2010 - 5.5% |
| Feb. 2010 - 5.08% |
| Jan. 2010 - 5.32% |
| Dec. 2009 - 4.99% |
| Nov. 2009 - 5.03% |
| Oct. 2009 - 4.861% |
| Sept. 2009 - 5.14% |
| Aug. 2009 - 5.3% |
| July 2009 - 5.19% |
| St. Louis Region's Largest 504 Lender |
| SBA named the EDC "America's 2009 504 Lender of the Year" |
| When time is money, count on EDC Small Business Finance |
| The EDC is the largest 504 lender in St. Louis region |
| Typical 50/40/10 split: bank, SBA, borrower |
| 10 or 20 Year Fixed Interest Rates |
| Minimum project : $125,000 |
| Fixed asset financing for construction, expansion or equipment |
| EDC Small Business Finance 1-877-441-6880 ext. 235 |
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