Small Business Development Loan Program

Direct loans to small business owners, nonprofit organizations, and real estate developers within project areas for a range of activities.

  • Acquision of Property
  • Clearance and Removal
  • Relocation
  • Mixed use Development
  • Rehabilitation
  • Machinery/Equipment
  • Residential Rental Rehabilitation
  • Historic Preservation
  • New Construction


  • Terms of the loan:
    • Adjustable rate based on the 90 day LIBOR plus as basis points with a minimum rate of 5%
    • Secured by Appropriate Collateral with Personal Guarantee
    • Negotiable Amortization, with Principal Due in 15 years
    • Loans Not Assumable
  • The project must:
    • Remove Slum and Blight, or
    • Create Jobs for Low-Moderate Income Persons
  • The applicant must:
    • Leverage the Maximum Amount Private Financing, with the City Loan Filling a Financing "Gap"
    • Demonstrate Reasonableness of Project
    • Demonstrate Ability to Repay Loan
    • Demonstrate Satisfactory Credit History
  • The city loan must:
    • Be Necessary for Project Feasibility, unless it
    • Consists of Exterior Renovation Only -OR- Corrects Code Violations Only

Other Requirements

Fair Housing and Equal Opportunity Guidelines; U.S. Environmental Protection Standards; Flood Insurance; Historic Structure Guidelines; Uniform Relocation Assistance & Real Property Acquisition Policies; Procurement Standards for Bidding and Contracting; Labor Standards; Lead Paint Regulations; Conflict-of-Interest Laws - See Small Business Development Loan Program Rules and Regulations, Chapter 9, for Complete Details.

planning and development; photo of cash in a hand planning and development home

Contact Us

Busch Municipal Building
Second Floor
840 Boonville Avenue
Springfield, MO 65802