MO SB248

Creates a "Proof of Concept Technology Business Finance Program Account" within the Missouri technology investment fund to provide one-time loans to early-stage technology companies commercializing advanced technology.

Limits individual loans to $75,000 per company with a maximum of $1.25 million available per fiscal year; loans must be repaid at twice the borrowed amount within five years.

Requires Missouri technology corporation loans to be matched dollar-for-dollar by at least one additional equity investment from private sources.

Restricts eligible companies to those in animal health, biotechnology, information technology, aerospace, electronics, medical devices, telecommunications, plant sciences, and energy sectors; excludes banking, finance, insurance, mining, real estate, and retail.

Establishes company eligibility requirements including 50% or more Missouri-based employees and assets, average wages 35% higher than county average, small business status under federal standards, and demonstrated reasonable potential for success and employment growth.