FINANCING

Financing is available for new or existing small businesses in the Southeast Missouri region through the Engagement Center’s closely allied nonprofit the Missouri Innovation Corporation (MIC). The goals of this loan program financed through the U.S. Department of Agriculture are:

N

Create and retain jobs in Southeast Missouri

N

Complement (not replace) financing from local lenders

N

Partner with local public and private organization that provide complementary resources important to local businesses

ELIGIBLE LOAN PURPOSES

 

  • Real estate
  • Buildings
  • Leasehold improvements
  • Equipment
  • Inventory
  • Working capital
  • Refinancing
INELIGIBLE LOAN PURPOSES
  • Golf courses
  • Racetracks
  • Gambling facilities

And most types of:

  • Religious organizations
  • Lending companies
  • Investment companies
HOW TO GET A LOAN

 

  1. Contact us at (573) 651-2929 or engage@semo.edu
  2. Meet with Small Business and Technology Development Center
  3. Complete a loan application
  4. Loan Review Committee reviews application
  5. MIC Board of Directors reviews and considers