Veteran Receives Business Loan

1 decade 1 year 11 months ago Wednesday, July 11 2007 Jul 11, 2007 Wednesday, July 11, 2007 5:35:35 PM CDT July 11, 2007 in News

At Cornell Hall, Roger Stone is busy.

His company, Full Line Electric, is working on wiring in the basement. The new Patriot Express Loan Initiative, backed by the Bank of Missouri and the Small Business Admininistration, just gave his business a big boost.

"I take it as a great honor, being an ex-veteran," Stone said. "And for the business, it just gives me that stepping stone to get me rolling."

Working with the initiative, the Bank of Missouri approved a $60,000 loan for Stone's company. The program aims to help military veterans who own small businesses.

Bank of Missouri President David Keller said, "It's a time in our country where veterans have returned from active military service and are re-establishing themselves in the business community," Bank of Missouri President David Keller said. "And oftentimes have a lot of talent and technical skills, but are short on capital."

By working with banks and other money lenders, the Patriot Express Loan Initiative could provide millions of dollars to thousands of veteran-owned small businesses across the region.

Veterans own more than 14 percent of businesses in America.

"It's a lot of pride to see that the SBA and the Bank of Missouri is backing the veterans," Stone said. "It means a lot to me individually and to my company, and I know it will to the other small businesses in America,.

What will Stone do with his new spending cash?

Hire more manpower to take on more jobs.

More News

Grid
List
ST. LOUIS - Planned Parenthood in St. Louis is required to submit a "Plan of Correction" to the Missouri Department... More >>
1 hour ago Tuesday, June 18 2019 Jun 18, 2019 Tuesday, June 18, 2019 2:54:00 AM CDT June 18, 2019 in News
CALIFORNIA - Moniteau County is considering regulations for concentrated animal feeding operations (CAFO) that are more restrictive than state law.... More >>
8 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 7:49:00 PM CDT June 17, 2019 in News
COLUMBIA – Central Missouri Honor Flight 58 left Tuesday morning. This Honor Flight features 110 veterans from the Korean and... More >>
10 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 5:55:00 PM CDT June 17, 2019 in News
JEFFERSON CITY – Exclusive surveillance video shows a 2-year-old child dragged and then hit by a mini-van Monday morning. ... More >>
11 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 4:40:00 PM CDT June 17, 2019 in News
ST. LOUIS (AP) — A former FBI agent who was involved in the criminal investigation of former Missouri Gov. Eric... More >>
12 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 4:01:00 PM CDT June 17, 2019 in News
BOONVILLE - Flooding along the Missouri River is still affecting the Katy Trail near Boonville. The annual five-day Katy Trail... More >>
13 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 2:24:00 PM CDT June 17, 2019 in News
COLUMBIA - The legacy of former Columbia Mayor Darwin Hindman is living on through his community, his co-workers and the... More >>
14 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 1:48:00 PM CDT June 17, 2019 in News
BOONE COUNTY - Court documents reveal details behind the arrest of alleged child abductor Jillanne Pagano. Pagano is accused... More >>
16 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 11:49:00 AM CDT June 17, 2019 in News
TRENTON, Mo. (AP) — The Missouri Highway Patrol says a 24-year-old police officer is recovering after being shot by a... More >>
19 hours ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 8:59:00 AM CDT June 17, 2019 in News
COLUMBIA - During the Columbia City Council meeting on Monday, it is expected to discuss construction for a hiking trail... More >>
1 day ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 2:54:00 AM CDT June 17, 2019 in News
COLUMBIA - The city council plans to vote on the Climate Action and Adaptation Plan (CAAP) on Monday. The... More >>
1 day ago Monday, June 17 2019 Jun 17, 2019 Monday, June 17, 2019 2:18:00 AM CDT June 17, 2019 in News
MILLER COUNTY - A Brumley man was pronounced dead at the scene of a single car accident on MO 42... More >>
1 day ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 8:33:00 PM CDT June 16, 2019 in News
FULTON - Two Fulton residents were arrested Sunday afternoon after authorities say they resisted arrest. Fulton Police attempted to... More >>
1 day ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 5:34:00 PM CDT June 16, 2019 in News
OLEAN - As natural disasters swept through Missouri, some people are unable to stay in their homes. Flood victims... More >>
1 day ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 5:00:00 PM CDT June 16, 2019 in News
ELDON - A St. Charles woman has died from injuries sustained after a golf cart crash in Eldon Saturday. ... More >>
1 day ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 4:42:00 PM CDT June 16, 2019 in News
JEFFERSON CITY (AP) — A bill dubbed the "Jedi Disposal Act" could soon make Missouri the first state to allow... More >>
1 day ago Sunday, June 16 2019 Jun 16, 2019 Sunday, June 16, 2019 2:50:12 PM CDT June 16, 2019 in News
COLUMBIA - The missing 5-year-old girl found safe in North Carolina this week is now back in her father's custody.... More >>
2 days ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 8:59:00 PM CDT June 15, 2019 in News
COLUMBIA - Shelter Insurance will hold its 43rd season of Concerts in the Garden series. According to Shelter Insurance's... More >>
2 days ago Saturday, June 15 2019 Jun 15, 2019 Saturday, June 15, 2019 8:12:00 PM CDT June 15, 2019 in News
Columbia, MO
Broken Clouds 66°
4am 65°
5am 64°
6am 63°
7am 65°