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 for the amount of $300,000.
In 2012, Coretta “Cory” Elliot, Founder/CEO of CMT, LLC, switched gears from healthcare and hospital operations to construction, management and technology which became known as CMT, LLC. After just two years of existence and through Cory’s leadership, CMT became a women owned minority certified business. In the beginning, the company solely specialized in roofing. As operations quickly expanded, CMT added landscaping, interior demolition, abatement of hazardous materials and final clean up to their list of expertise.
The company has a proven track record in the St. Louis community with their major projects on hospitals, federal buildings, schools and churches. A few of their well-known St. Louis clients include St. Louis Union Station, BJC Children’s Hospital, Ranken Technical College, St. Louis Lambert International Airport, St. Louis Public Schools, Delmar Divine, Washington University, and more.
CMT will be using the loan for working capital, new equipment and inventory to meet growing demand.
“The EDA loan funds allowed us to reduce operating costs by giving us the capital needed to purchase vehicles that we were renting. The loan allowed CMT to have the operating capital to mobilize projects and retain key team members,” Cory Elliot, CMT, LLC CEO said. “Thank you for providing this loan program for businesses looking to continue to scale and grow.”
“We are excited to see how CMT, LLC will grow with their recent loan. They have already helped major St. Louis clients and we look forward to what they will be a part of next,” said Darrell Scott, Vice President of Business Finance at STL Partnership.
Learn more about CMT, LLC here.
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