Missouri Business Loans

Missouri, a mostly rural state has relied on the agriculture and manufacturing industries as a driving force for its local economy. Although a rural state, Missouri is home to major cities such as St. Louis and Kansas City. As the states economy continues to grow other industries have been presented with more opportunities. SMB Compass works with businesses owners in a wide range of industries to provide financing solutions throughout Missouri.

The manufacturing industry in Missouri provides a large amount of jobs and revenue for the states local economy. Manufacturing loans in Missouri allow businesses to cover overhead and other added expenses that are common in the industry. Missouri is the home to one of the largest beer producers in the world, Anheuser-Busch. The state manufactures a wide array of products, including aerospace and transportation equipment. Some of the most common products manufactured in Missouri are focused around food, chemicals, publishing, and machinery and fabricated metals.

Small business loans in Missouri provide flexibility to business owners to operate effectively and take advantage of new opportunities.

The agriculture industry is vital to the states economy, providing a large amount of revenue annually. Soybeans, corn, grain, livestock, dairy products, and a large assortment of vegetables make up a bulk of the revenue generated in the state’s agricultural industry. The warm climate allows farmers to work for long stretches of the year, but when the winter hits production begins to decline. Business loans bridge the gap for business owners in Missouri, providing capital to cover operation expenses during the slower seasons. It is important for businesses that deal with seasonality to secure financing before the slower seasons. Equipment financing in Missouri is essential for businesses owners to purchase machinery and equipment to be operating effectively.