Business Tools

Urban Enterprise Loan Program

• Eligibility Requirements
• Additional Terms and Conditions
• Fee Structure
• Resource Center

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

To find out more information about the UEL program, please contact the SLMBC office at 314-241-1143.