The Mid-Missouri Revolving Loan Fund (RLF) is a loan program designed to assist new and expanding businesses in Boone, Callaway, Cole, Cooper, Howard, and Moniteau counties as they look to finance their business start-up or expansion.

The RLF is designed to be a gap financing tool which allows borrowers that cannot acquire sufficient funding from a traditional lender to secure up to 40% of project funding from the RLF with at least 50% coming from a bank, and a 10% contribution from the borrower. RLF loan funding can be used for working capital; to purchase machinery, equipment, and supplies; to purchase land and buildings; and more.

The maximum amount of funding available through the RLF to an individual project is $250,000. The RLF offers competitive fixed interest rates and loan terms of 5 to 20 years depending on the type of project.

More information on the Mid-Missouri Revolving Loan Fund and loan application information can be found here:

The Mid-Missouri Revolving Loan Fund was created with the assistance of a $1.5 million grant from the Economic Development Administration (EDA) along with local match contributions from the Mid-Missouri Regional Planning Commission, Regional Economic Development, Inc. (REDI), Columbia Chamber of Commerce, Jefferson City Industrial Development Authority, and the Cole County Commission.