Chris and Christopher Smith, owners of CCS Hauling in Alton, recently received a $35,000 microloan through the Ozarks Small Business Incubator to purchase equipment and expand their business. CCS Hauling hauls “anything that fits in their truck” including rock, sawdust, topsoil and dirt, said incubator officials. For more information about the business, call 417-270-0655. OzSBI’s Microloan Fund offers microloans of up to $50,000 to qualifying businesses in Douglas, Howell, Oregon, Ozark, Shannon, Texas and Wright counties and within the city limits of Mammoth Spring, Ark. The stated goal of the program is to stimulate the local economy by providing startup and expansion loans to new and existing businesses. Microloans may be used as direct loans, seed capital, or “gap” financing combined with other lending, officials explained, noting the application process is similar to a traditional bank loan application and the main qualifiers for consideration are good credit and a sound financial plan. For more information about the Ozark Small Business Incubator microloan program, visit www.ozsbi.com or call 417-256-9724.
