Meramec Regional Development Corp., St. James
573.265.2993
www.meramecregion.org
Serving the Missouri counties of Crawford, Dent, Gasconade, Maries, Osage, Phelps, Pulaski, Washington
Revolving Loan Fund Program
This local fund was created by a grant from the Economic Development Administration with local match provided by cities, counties, businesses and other organizations. Additional funds were recently added through a loan from USDA’s Intermediary Relending Program. These are usually participation loans with a local bank. The RLF may offer a lower interest rate than most commercial institutions. All decisions are made by the Meramec Regional Development Corporation, a local not-for-profit loan board appointed by presiding commissioners and the MRPC board.
SBA 504 Loan Program
MRDC, a SBA certified development company, contracts with the Meramec Regional Planning Commission to process, close and service SBA 504 program loans and provide administrative services required of a certified development district. Loans are made in conjunction with a financial institution. This program offers long-term, fixed-rate interest financing for business and industries that create or retain jobs.
SBA 7 (a) Loan Preparation
For a fee, the Meramec Regional Planning Commission will assist banks with 7 (a) loan preparation.