UMKC Innovation Center partners with the university and the community to spark and sustain entrepreneurial efforts within our region and across the country.

KCSourceLink connects KC entrepreneurs to the right resource at the right time.

MOSourceLink connects Missouri entrepreneurs to the right resource at the right time.

Whiteboard2Boardroom connects entrepreneurs and businesses to technologies available for licensing.

Digital Sandbox KC provides early-stage proof-of-concept support for digital products.

Missouri Small Business & Technology Development Center provides technical assistance to startup and existing businesses.

ScaleUP! Kansas City helps businesses with revenues around $200K scale toward their first $1 million.

Missouri Procurement Technical Assistance Centers helps local businesses obtain government contracts.

KCInvestED helps investors learn more about investing in KC startups.

SourceLink® helps communities nationwide build vibrant and vital entrepreneurial ecosystems.
UMKC Innovation Center

OzSBI Microloans Program

The Ozarks Small Business Incubator (OzSBI) manages two microloan programs. One microloan program is for entrepreneurs and business owners who need capital to start, operate or expand a business. The other program, Jobs Through Education, is for individuals wanting to pursue vocational training to further their career.

About

OzSBI Microloan for Business

The Ozarks Small Business Incubator offers low-interest microloans to the public operating a business in Douglas, Howell, Oregon, Ozark, Shannon, Texas and Wright counties. OzSBI’s Microloans may be used as a direct loan, seed capital or "gap" financing combined with other lending. Eligible uses include:

  • Purchase equipment, furniture, and fixtures
  • Increase working capital
  • Purchase inventory and supplies
  • Pay for educational training
  • Start or expand their business
  • Purchase real estate (as gap financing with local banks)

Loans may be made for a minimum of $2,500 and a maximum of $25,000. Maximum term of the loan is 10 years. Loans are only available to provide up to a maximum of 80% of the total project cost. All loans are made at an annual interest rate of 4.5%, (rates are subject to change).

OzSBI Microloan for Education

Jobs Through Education provides low-interest loans for tuition to individuals furthering their education via vocational and technical training in order to remain in our region. Applicants must live and attend school in Douglas, Howell, Oregon, Ozark, Shannon, Texas or Wright counties. Loan amounts will be made only for the cost of educational training. Loans are paid directly to the educational institution providing the vocational or technical education program. Loan payments begin no later than 45 days after completion of the course.

 

Loan Process & Requirements

  • Downtown West Plains, Inc. provides revolving low interest loans for tuition to individuals furthering their education via vocational and technical training.
  • Interested parties must live in: Douglas, Howell,  Oregon, Ozark, Shannon, Texas, or Wright county
  • All applications must be accompanied by two letters of reference
  • A $20 non-refundable application fee is due at the time of submission
  • All loan applications require a co-signer
  • All applications are reviewed by a volunteer Board of Directors. Please allow at least 2 to 4 weeks for processing your application.
  • Loan amounts will be made only for cost of educational training

 

Services

Financial Resources and Assistance

  • Loan Providers
Primary ContactIlla Sloan