Learn More about CDFI's and Small Business Resources in Missouri see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Allen Bank and Trust Company
Central Bancshares Of Kansas City, Inc.
Central Bank of Kansas City
Choices Federal Credit Union
Country Club Bank, n.a.
Great Rivers Community Capital
Heritage Bank of Saint Joseph
HFHI-SA NMTC I, LLC
MBS Urban Initiatives CDE, LLC
Missouri Family Credit Union
Platte Valley Bank of Missouri
St. Louis Development Corporation
Travois New Markets, LLC
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.