Missouri Community Betterment

The St. Louis Minority Business Council (SLMBC) is one of 39 regional councils affiliated with the National Minority Supplier Development Council.

During SLMBC’s 33-year existence, the organization has remained at the heart of the St. Louis region’s economic growth. What started as a focus on partnering minority-owned businesses with area corporations has evolved into a long-term, strategic approach – one in which SLMBC provides ongoing growth opportunities, financial support, and training and education for its corporate members and for Minority Business Enterprises (MBEs). Through these and other efforts, SLMBC’s partnerships with corporations and MBEs have become an integral part of the region’s economic stability and growth.

Contact Info:

ST. LOUIS MINORITY BUSINESS COUNCIL
308 North 21st Street
Suite 700
St. Louis, MO
63103

Phone: (314) 241-1143
Fax: (314) 241-1073
Email: info@slmbc.org

The Urban Enterprise Loan (UEL) is a program funded by the State of Missouri Department of Economic Development to assist small businesses located within the state designated enterprise zone for financing expansion, acquisition, working capital and/or product and inventory.

UEL ELIGIBILITY REQUIREMENTS
The requirements for the UEL program are as follows:

Must be a for-profit company with less than 100 employees
Must be located within the city of St. Louis
Must be located within an eligible census tract block group
Must create and retain at least one job for every $20,000 of UEL fund participation
Maximum loan amount must not exceed 50% of the total project cost up to $100,000. For example, typical UEL structure will be 45% from the UEL loan, and 10% equity injection from the borrower.
UEL loans will be collateralized to the fullest extent possible and will require personal guaranty of principal/borrower

Contact Info:

Larry Dill , Director of Financial Services with the St. Louis Minority Business Council

ldill@slmbc.org