Business Tools

Urban Enterprise Loan Program

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

UEL ADDITIONAL TERMS AND CONDITIONS

• EL Loans have an interest rate of 5%
• UEL Loans require first source of employment agreement with the St. Louis Agency on Training and Employment (SLATE) for a referral of new entry level positions.
• UEL funds may be used to:
  • start a new business
  • purchase equipment
  • purchase inventory
  • use of working capital
  • purchase an existing business
• UEL funds may NOT be used to:
  • to retire debt
  • to fund owners salary
  • to fund down payment on real estate
  • to pay taxes
  • to buy-out existing partners or stockholders

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