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the Missouri Revised Statutes
2012 Missouri Revised Statutes
TITLE XL ADDITIONAL EXECUTIVE DEPARTMENTS
Chapter 620 Department of Economic Development
Section 620.1058 Use of loans--amount--limitation.
Universal Citation:
MO Rev Stat § 620.1058 (2012)
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Use of loans--amount--limitation.
620.1058. Any loan made pursuant to the Missouri capital access program shall be used predominantly for business activities within the state of Missouri. No program loan when aggregated with other program loans by the same financial institution to the same borrower shall exceed five hundred thousand dollars. No program loan shall be used to refinance prior nonprogram debt nor shall any program loan be made for passive real estate purposes.
(L. 1994 H.B. 1248 & 1048 6)
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