CMT, LLC Receives $300,000 EDA Loan from STL Partnership
CMT, LLC, a full-service commercial construction company, worked with the STL Partnership Business Finance team to secure an Economic Development Administration (EDA) loan in the amount of $300,000.
In 2012, Coretta “Cory” Elliot, Founder/CEO of CMT, LLC, transitioned from healthcare and hospital operations into construction, management and technology which became known as CMT, LLC. After just two years in existence and under Cory’s leadership, CMT has become a certified minority women-owned business. Initially, the company specialized only in roofing. As operations grew rapidly, CMT added landscaping, interior demolition, hazmat abatement and final cleanup to its list of expertise.
The company has a proven track record in the St. Louis community with major projects for hospitals, federal buildings, schools and churches. Some of their well-known clients in St. Louis include St. Louis Union Station, BJC Children’s Hospital, Ranken Technical College, St. Louis Lambert International Airport, St. Louis Public Schools, Delmar Divine, the University of Washington, etc.
CMT will use the loan for working capital, new equipment and inventory to meet growing demand.
“EDA’s loan funds allowed us to reduce operating costs by giving us the capital needed to purchase the vehicles we leased. The loan provided CMT with the working capital needed to raise projects and retain key team members,” said Cory Elliot, CEO of CMT, LLC. “Thank you for offering this loan program to businesses looking to continue to evolve and grow.”
“We are excited to see how CMT, LLC will grow with their recent loan. They have already helped important St. Louis clients and we look forward to what they will be involved with next,” said Darrell Scott, vice-president. President of Corporate Finance at STL Partnership.
Learn more about CMT, LLC here.
Want to know more about loans for your business? Click on the logo below to learn how the STL Partnership Business Finance team can help you and your business today.