As with any business loan, you will need a business plan. However, for our Youth Entrepreneur Program, we have simplified the process. You will need a financial statement, a brief explanation of your project approved by your advisor, a budget, and a loan application signed by you and your parent/guardian. Please see our Youth Entrepreneur Checklist for more details.

Eligible projects would typically be based around school entrepreneur programs such as FFA or FBLA and will vary depending on the student. Agriculture-related projects could involve raising livestock or developing a greenhouse. It could be tech related, like a mobile app or an online business development. One key feature each project must have is business viability. One of the goals of this program is to teach young adults how to manage finances and give them experience running their own business and being responsible for credit. Your business planning will need a plan for repaying the loan.

Youth Entrepreneur loans are available up to $1000 or more depending on the project. Loans are structured with a low-interest rate and a 1-year term.

The Youth Entrepreneur Program is open to high school students in mid-Missouri working with a school advisor who can mentor them in running a business.