Low-interest Loans to Missourians

Marianne Ward Announcements

David Lowe, president of the Rotary Club of Pulaski County, presents a coffee mug to thank Andre Griston of the Missouri State Treasurer’s Office for speaking to the club.

David Lowe, president of the Rotary Club of Pulaski County, presents a coffee mug to thank Andre Griston of the Missouri State Treasurer’s Office for speaking to the club.

Andre Griston of the Missouri State Treasurer’s Office spoke with the Rotary Club of PulaskiCounty about low-interest agricultural and business loans available through a partnership with local banks and the Missouri Linked Deposit Program.

The Missouri Linked Deposit Program partners with lending institutions, such as local banks, 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 better serve Missouri-based companies and agricultural operations. The program also provides funds for local governments to serve the interests of their constituents. Using the program allows lenders to lower the interest rates to the borrower by about 2-3 percent.