Small Business Loans
Justine PETERSEN serves existing and start-up businesses and offers safe and affordable capital with the goal of graduating businesses or individuals back to mainstream finance. Justine PETERSEN offers loans from $500-$150,000.
SBA Micro-Enterprise Loan (Non SBA guaranteed loans)
- Up to $50,000 (JP average under $10,000)
- Interest Rate : 7.25 – 11%
- Up to 72 Month Term
- 3% closing fee
- 100% collateral requirement
- up to $3,000 unsecured loans are available
CDFI Micro-Loan
- Up to $50,000 (typically over $10,000)
- Interest Rate 12%- 20%
- Up to 72 Month Term
- 6% closing fee
- 100% collateral requirement
USDA Micro-Enterprise Loan
For businesses based in rural MO areas (will require address verification)
- Up to $150,000
- Interest Rate: 9.5%
- Up to 72 Month Term
- 6% closing fee
- 100% collateral requirement
Community Advantage Loan (SBA guaranteed Loan)
- Up to $150,000
- Quarterly adjustable interest rate based on PRIME rate (Prime+6%, currently at 11.5%)
- 10 year term
- 10% equity injection requirement for start-up businesses
- collateral requirement
- $2,500 loan packaging fee
Able Biz (for people with disabilities)
- Up to $50,000
- Interest Rate: 6%
- Up to 84 months term
- Closing Fee: 3%
- 100% collateral requirement
- up to $3,000 unsecured loans are available
IgniteMO Loan Participation Program
- $25,000 – $500,000
- Interest Rate: 10-14%
- 3% closing fee
- Must be registered and in Good Standing with the State of Missouri
- Focus on Socially and Economically Disadvantaged Businesses
- Funded through the MO State Small Business Credit Initiative