Missouri Loan Funds

Home equity loans are a cost-effective alternative to other types of loans because they offer good interest rates available.  But you may not want to risk your family home to launch your business venture. 

Equipment lease financing gives you access to many types of equipment -- computers, copiers, fax machines, cars and trucks -- without tying up your cash or credit lines. Although it doesn't bring in cash, leasing reduces the amount of cash you otherwise have to raise to start.

Cash advances from credit cards are an easy and quick way to gain access to cash.  But as a long-term financing method, they can be expensive -- credit card interest rates typically run much  more than you would likely pay on a bank loan.

Special Missouri Loan Funds
In addition to commercial loans available through local banks, there are a number of loan programs in Missouri that support special needs.

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Most commercial banks offer information about SBA loans.

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Find what information lenders look for in loan applications.

What are "SBA Loans?"

The U.S. Small Business Administration has several loan programs which make it easier for banks to provide loans to small business, but the federal agency loans no money directly. 

The SBA instead guarantees 75 percent of individual loans made by private lenders, up to $750,000, but a business must first show that it cannot obtain conventional financing at reasonable terms. 

Because of this guarantee, fees associated with SBA loans make the loans more expensive than a non-SBA backed commercial loan.  SBA loans are therefore ideal for businesses that might be considered too high of a risk for traditional business loans.  Business owners must personally guarantee SBA loans and must also show cash flows sufficient to repay the loan.