Zweifel to unveil a new version of the Missouri Linked Deposit Program

Missouri state Treasurer Clint Zweifel will visit LipoSpectrum, a local life science company, on Thursday to unveil a rebranded and revamped Missouri Linked Deposit Program , a low-interest loan program administered by the treasurer’s office and targeting smaller businesses.

Zweifel’s release explains that "borrowers, such as LipoSpectrum, using the loan program save about 30 percent on interest costs."

The treasurer plans to "speak about the benefits to small businesses throughout the St. Louis area, and will detail the rebranding the program has undergone to appeal to more borrowers and lenders."

The loan program has been around for more than a decade in Missouri, although its name has changed under various treasurers. Zweifel notes that the program "has $720 million in lending power" and "was expanded as part of Invest in Missouri," an economic development measure sought by Zweifel and approved by the Legislature last session.