UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center
UMKC Innovation Center

Justine PETERSEN Microloan Program

Justine PETERSEN, with other local partners, offers microloans to startup and existing small businesses. Microloans are offered to those unable to access capital from traditional sources.


COVID-19 Assistance: 

  • Offering reduced monthly payments on outstanding small business and consumer loans for the next 6 months.

  • Offering deferments on loans originated from specific loan funds for the next 6 months.

  • Offering workout payment plans for SBA Community Advantage and USDA loans.

  • Connecting borrowers to seasoned professionals for pro-bono technical assistance. 

  • Offering unabated support, attention and stewardship to each and every client. 


Goal of a microloan program is not just to make loans, but to ultimately make a client bankable by traditional methods.

  • Amounts between $500 and $50,000. Average loan amount $8,000.

  • Targeted toward those who have been turned down by a bank for a traditional loan and who cannot self-finance/friends and family finance.  

  • Interest rates between 7.5 – 12%, terms up to 72 months.

  • Have tangible collateral equal to the value of their loan request (which could include a co-signer).

Criteria for a loan ready client:  (must have most but not all of these)

  • Can be an existing business or a start-up.

  • Have an existing business plan or feasibility plan or answer the loan readiness questionnaire which includes a review of expenses and projections of revenue.  Business plan doesn’t have to be extensive.  The larger the loan the more extensive the plan needs to be.

  • Have a current and documented stream of revenue (this can be wages, social security, disability, income from self-employment, etc.).

  • Have an open bank account in good standing.

  • Can produce tax returns for the previous two years.

  • Have two professional references willing to vouch for the client. 

Criteria for someone to work up to loan readiness:

  • Have a business idea that you have put some thought into.

  • Have a desire to improve your credit score in a fairly short period of time.

  • Ultimately have the ability to meet most of the other criteria listed above.


Clients can learn more about the program in one of two ways:

  • Sign up for a one on one session to discuss your loan readiness and business (or business start-up).

  • Attend an informational seminar which reviews the program.


Financial Resources and Assistance

  • Loan Providers
  • Obtaining Debt Funding
Primary ContactJim Boyle
Address1023 N Grand Blvd
St. Louis, MO 63106
Phone(314) 565-6900