New Business helped through Ozarks Small Business Incubator
Michael and Amanda Osborn are the new owners of MMAD Spirits Distillery, soon to open in West Plains. The Osborns recently received a microloan offered through the Ozarks Small Business Incubator (OzSBI) to establish their business. MMAD Spirits Distillery will offer a variety of spirits, including specialized whiskey and rum. MMAD Spirits Distillery is located at 1524 Porter Wagoner Boulevard in West Plains. An opening date in spring of 2020 is anticipated. Watch the MMAD Spirits Distillery Facebook page for more details.
Microloans of up to $25,000 are available to qualifying businesses located in Douglas, Howell, Oregon, Ozark, Shannon, Texas and Wright counties and 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, with good credit and a sound financial plan the main qualifiers.
For more information about OzSBI’s microloan program, please visit www.ozsbi.com, or call 417-256-9724.