Coronavirus (COVID-19) Relief Center
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Missouri
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 7, 2020.
For more up-to-date information on the relief programs available in Missouri, we recommend that you visit the state’s Show Me Strong COVID-19 portal, which includes information for businesses and a resource directory.”
Description of Program and Relief
Small Communities Operating Capital Loan Relief Program
The Missouri Development Finance Board established the Small Communities Operating Capital Loan Relief Program as part of the Governor’s Show Me Strong Recovery plan. The program allows for $5 million in funding to be allocated to Missouri incorporated municipalities with populations under 25,000. Each loan will range from a minimum of $50,000 to a maximum of $300,000.
The proceeds from the Operating Capital Loans will allow municipalities to continue to provide essential services to their constituents in times of projected revenue shortfalls due to the economic effects of COVID-19. Loan proceeds from this program must be used to replace decreased tax revenues, fees, or other governmental revenues and will be interest free for the first year.
Applications for the Small Communities Operating Capital Loan Relief Program are due by August 31, 2020.
Government or Lead Agency
Missouri Development Finance Board
Dates Available
Applications opened July 22, 2020 and must be submitted by August 31, 2020.
Eligibility Requirements/Restrictions
Applicant must be a Missouri incorporated municipality with a population less than 25,000 and able to show that the loan amount will redress a) lost revenues from decreased tax and license payments, fees or other governmental charges; as well as b) prevent a reduction in essential governmental services.
The municipality cannot be in default on any currently outstanding bond or loan payments.
Application Deadlines (If Applicable)
August 31, 2020
Contact for More Information
Additional information concerning the program can be obtained by contacting Kathleen Barney, Senior Portfolio Manager, at (816) 807-1170 or kathleen.barney.mdfb@ded.mo.gov.
List of Additional Information
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.