Treasurer approves more than $200 million in farm, business loans

Thursday, July 7, 2011 | 9:53 a.m. CDT

JEFFERSON CITY — Farms and small businesses in Missouri have taken out more than $200 million in low-interest loans in the first half of the year through the Missouri Linked Deposit Program.

State Treasurer Clint Zweifel said the total includes more than $20 million in emergency 24-hour loan approvals.

The program deposits state money in banks, which then lend it to qualifying businesses and farmers at lower-than-usual rates. Loans are approved yearly for up to five years and are available with five-year fixed rates.

Zweifel said this year's participation in the program is nearly 50 percent higher than during the same period in 2010. Last year's total of $293 million in approved loans was a 10-year high.

Zweifel said this year's loans have affected nearly 4,000 jobs and farmers across the state.

Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.