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Choices FCU turned to its mentor, St. Louis Community CU, to create a micro loan program to help graduates of small business development center programs who were having a hard time getting start-up funds.

Among the 20-plus organizations served by Choices Federal Credit Union is a group of small business development centers.

The seven-year-old cooperative in St. Louis with $437,000 in assets and a little over 400 members still felt that it could meet a growing need for those graduating from those SBDCs that, despite completing a 10-week intensive small business curriculum and putting together a business plan, were being turned down for the smallest amounts of start-up capital.

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