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MISSOURI – updated for 2014. The Missouri Department of Economic Development, through the Division of Workforce Development, administers the program in the state of Missouri. A basic health care plan must be provided to all employees. For a list of state economic development agencies, click this link.
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.
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