Missouri Linked Deposit Program
As a Participating Lender in the Missouri Linked Deposit Program, we work with the Missouri State Treasurer's Office to provide low-interest loans to help create and retain jobs, expand the economy and strengthen communities statewide. By reducing the interest rate on certain loans that borrowers can use to improve their businesses, the program helps qualified lenders from Missouri (like Morrill & Janes Bank) better serve Missouri-based companies and agricultural operations.
The program has proven successful in creating and retaining jobs, expanding the economy and strengthening communities statewide for nearly 25 years. In 2011, we were able to place a $1.3 million Missouri Linked Deposit Program loan for a Kansas City area business. This loan will allow the business to expand its operations into a new building and create 10 new jobs! Click Here to read State Treasurer Clint Zweifel's Press Release.
The program’s eligibility guidelines have expanded through Treasurer Zweifel’s economic development legislation (Invest in Missouri), making low-interest loans available to more borrowers including for Small Businesses, Alternative Energy, Agriculture, Local Governments, Job Enhancement, and Multi-Family Housing. Click on Invest in Missouri to learn more. Contact any of our commercial lending professionals to explore how Morrill & Janes Bank and the Missouri Linked Deposit Loan program can work for your business!