Sara & Tony Montalto, owners of Montalto Coffee Co in Houston, recently received a microloan through the Ozarks Small Business Incubator (OzSBI) to renovate a building and open a brick-and-mortar coffee shop. Sara and Tony have been operating Montalto Coffee Co from their coffee trailer, which will remain open and will continue to travel for festivals around the area and soon you’ll be able to find them at their new location at 1301 Sam Houston Blvd, Unit 2 in Houston, MO.
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.