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Missouri Revised Statutes Title XL. Additional Executive Departments § 620.1058. Use of loans--amount--limitation

Current as of January 01, 2025 | Updated by Findlaw Staff

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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Cite this article: FindLaw.com - Missouri Revised Statutes Title XL. Additional Executive Departments § 620.1058. Use of loans--amount--limitation - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xl-additional-executive-departments/mo-rev-st-620-1058/

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