Midwest Bank Center Offers Emergency Loans To St. Louis Businesses Recovering From Disaster

At the City of St. Louis 2025 Business Resource Forum, a key focus emerged on empowering local businesses to navigate financial challenges and leverage new technologies. Mavis Thompson, a representative from the Small Business Administration (SBA), emphasized the importance of strategic support for small businesses, stating, “My services are your tax dollars at work.” She highlighted her team's commitment to helping entrepreneurs prepare for discussions with banks, ensuring they understand their options and can present their needs effectively.

Thompson also addressed the evolving landscape of business automation and artificial intelligence (AI), revealing that her team is pursuing AI certifications to better assist local businesses in adapting to these changes. “We do understand that's really important,” she noted, promising upcoming training sessions on integrating AI into business operations.

Lisa Morgan, Senior Vice President of Community and Economic Development at Midwest Bank Center, reinforced this message by outlining the bank's commitment to supporting businesses affected by recent disasters. She introduced emergency loans for individuals and businesses, with amounts ranging from $5,000 to $25,000, aimed at providing immediate financial relief. Morgan clarified that these loans require a minimum credit score and a history of at least three years in business.

The forum served as a vital platform for local entrepreneurs to connect with resources and expertise, fostering a collaborative environment aimed at rebuilding and revitalizing the St. Louis business community. As Thompson concluded, “It’s us who’s gonna rebuild North City,” underscoring the collective responsibility and potential for growth within the community.