Justine Petersen Housing and Redevelopment Corp was recognized by the U.S. Small Business Administration as the second largest micro lender in the United States. Justine Petersen originated 342 loans to small business owners during the most recent fiscal year, the majority of which were in Eastern Missouri.
The U.S. Small Business Administration provides funds to specially designated intermediary lenders like Justine Petersen, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the microloan program for eligible borrowers as well as provide lending and business management assistance.
