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JEFFERSON CITY, MO – The Missouri State Treasurer's office is pleased to announce the successful conclusion of the latest application cycle for the MOBUCK$ program, which officially ended on Thursday, August 29, 2024.

Over the 32-day application period, the portal received an impressive 570 applications, totaling $405,184,665 in requested funds. The applicants represent a diverse cross-section of Missouri's economy, including 267 applications from the agriculture sector totaling 46.8% of total applications and 284 from small businesses totaling 49.8% of total applications. This significant interest reflects the program's vital role in providing financial relief and support to Missouri's small businesses and agricultural sectors, offering them access to lower-interest loans in a challenging economic environment.

Treasurer Vivek Malek expressed his gratitude to all participating lenders and applicants for their engagement and interest in the MOBUCK$ program. "The strong response to this latest round of applications underscores the critical need for affordable financing options for Missouri's businesses and farmers," Malek said. "Our office remains committed to leveraging common-sense financial solutions to empower local economies and drive growth throughout the state."

Earlier this year, the MOBUCK$ application portal was closed within 6 hours of opening due to overwhelming demand. Recognizing the importance of the program as a relief valve from inflation for small businesses and farmers, Treasurer Malek garnered statewide support and championed legislation to expand MOBUCK$. This expansion of the MOBUCK$ linked-deposit program was passed by the Missouri Legislature and signed by Governor Parson in May 2024.

For more information, please visit treasurer.mo.gov.

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