Low income or laid off workers in St. Charles County affected by COVID-19 may be eligible to receive up to $4,000 each for short-term training to enhance their skills, thanks to funding from the CARES Act. Contact the Missouri Job Center of St. Charles County for more information at 636-255-6060.

Eligibility

  • Business must be for-profit and must average less than $5 million in profits after taxes in the last two fiscal years and have less than $15 million in tangible net worth (with affiliates)
  • Located in State of Missouri, as well as Illinois counties of Jersey, Madison, St. Clair, Monroe, Bond, and Clinton
  • The minimum project size is $125,000
  • There is no maximum size under the 504 loan since there is no limit on the bank loan (The maximum 504 loan is $5 million, $5.5 million for manufacturing loans.)
  • Each owner of 20% or more of the operating company or property owner must guaranty the loan 
  • Project must, according to SBA guidelines, promote economic development 
  • Will occupy at least 51% of existing property or 60% of new construction

Not sure if you qualify? Talk to our finance team