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.
Mo. Rev. Stat. § 620.1058
Use of loans — amount — limitation
Known as the Missouri Youth Service and Conservation Corps Act
The act spans §§ 620–620 (153 sections).
Effective: 28 Aug 1994; (L. 1994 H.B. 1248 & 1048 § 6)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.