Credit Building
Justine PETERSEN believes that the strong credit of business owners is a vital tool on the path to achieving financial wellness. Justine PETERSEN provides to all business owners comprehensive credit score counseling and access to credit building loan products and secured credit cards as part of loan application process.
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
