Show-Me Ethanol, which is building an ethanol plant in Carrollton, Mo., says in an SEC filing that it has ” incurred expenses higher than were budgeted” and needs $5.1 million to complete construction. The company says it’s trying to raise money from banks and individual investors, and if it can’t, the plant may not open. Here’s the disclosure language:

If the Company is unsuccessful in raising additional capital to offset the unbudgeted expenses then construction of the Ethanol Plant may be delayed and hence operations may not begin at the Ethanol Plant, as previously anticipated in the second quarter of 2008, if at all.

Show-Me’s investors include several Missourians with political connections, including Gov. Matt Blunt’s brother Andy. In January, the Associated Press reported that conflict-of-interest issues prevented the plant from receiving state financial help.