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What is the Missouri Linked Deposit Program, and how does it work?

April 26, 2017deposit linked Missouri program

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What is the Missouri Linked Deposit Program, and how does it work?

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The Missouri Linked Deposit Program is a low-interest loan program administered by the State Treasurer’s Office and Missouri financial institutions. The financial institutions receive low-interest rate deposits from the State Treasurer for certain eligible programs, and pass on the interest savings to approved borrowers. Since the loans are not guaranteed by the State or grants, borrowers must meet the credit requirements of the lending institution.