West Plains, MO. – Heidi Hulvey of Birch Tree, MO recently received a microloan through the Ozarks Small Business Incubator (OzSBI) to fund the building and equipment of Birch Tree Laundry & More. In addition to the laundry machines, Birch Tree Laundry & More will offer showers, a fluff & fold service, and an arcade.
Heidi first approached OzSBI in late 2022 for help creating a business plan and determining her startup costs. She then participated in OzSBI’s 9-week business startup course, LaunchU, which helped her refine her business and marketing plans and her cash flow projections. When she felt confident that she had created a good plan with realistic financial projections, she applied for a $50,000 OzSBI Microloan and was approved in July. Her new building is currently under construction, and you can see updates and follow her progress on their Facebook page at Birch Tree Laundry And more.
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, AR. The 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. The application process is similar to a traditional bank loan application. The main qualifiers for consideration are good credit and a sound financial plan.
For more information about the Ozark Small Business Incubator microloan program, please visit www.ozsbi.com or call 417-256-9724.
