Home/Missouri/Statutes/Title XL: ADDITIONAL EXECUTIVE DEPARTMENTS/Ch. 620: Department of Economic Development/§ 620.1058
Missouri Statutes

§ 620.1058 — Use of loans — amount — limitation.

Missouri § 620.1058
JurisdictionMissouri
Title XLADDITIONAL EXECUTIVE DEPARTMENTS
Ch. 620Department of Economic Development

This text of Missouri § 620.1058 (Use of loans — amount — limitation.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Mo. Rev. Stat. § 620.1058 (2026).

Text

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.

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Legislative History

(L. 1994 H.B. 1248 & 1048 § 6)

Nearby Sections

15
§ 620.010
Department of economic development created — divisions — agencies — boards and commissions — personnel — powers and duties — rules, procedure.
§ 620.014
Records on financial investments, sales or business plans to be deemed closed records, when.
§ 620.015
Administrative fund, uses, administration of.
§ 620.016
Job training or development contracts or reimbursement for services, department to reimburse contractors.
§ 620.017
Grants, loans or other financial assistance or services programs, funds to be used solely for required purpose, certain information required — failure to comply, funds must be repaid to department, contract law governs — annual report required, elements.
§ 620.020
Business relocating outside state to be furnished information and alternatives on request.
§ 620.030
Department's authority to contract with certain entities and organizations for technology and technology development services.
§ 620.035
Duties as to energy activities — department may enter into contracts and agreements, when.
§ 620.1000
Definitions.
§ 620.1001
Small business development fund created — distribution — lapse into general revenue prohibited, exception — interest and income to be credited to fund.
§ 620.1003
Centers, duties and powers.
§ 620.1005
Governmental agencies to supply reports, statistical data and other materials — publication of data by director, costs.
§ 620.1007
Annual report to whom.
§ 620.1020
Business extension service team program created, purpose, duties — expenses.
§ 620.1023
Business extension service team fund created — qualified community development projects — department's authority to contract directly, purpose — lapse into general revenue prohibited.
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Bluebook (online)
Missouri § 620.1058, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/620/620.1058.