Solutions for small businesses in missouri

Microlending

We know not every business is a fit for traditional bank financing. Here you’ll find information about microlending programs that are available to small businesses in southwest Missouri.

Microlenders

AltCap

Loan Size: $5,000 to $150,000

Rates: Graduated 5.5 – 8.5%

Term: 3 years

Collateral: Required

Credit: Above 600

Service Area: Southwest Missouri

Down Payment: $25 application fee

City of Springfield

Loan Size: $5,000 minimum

Rates: 5% with interest-only payments in years 1 and 2

Term: 12 years

Collateral: Secured, personal guarantees

Credit: No minimum

Service Area: Springfield city limits

Down Payment: Owner equity injection required

Forge

Loan Size: $5,000 to $50,000

Rates: 6.9%

Term: Up to 7 years

Collateral: Required, no real estate

Credit: Above 500

Service Area: Southwest Missouri, statewide throughout Arkansas

Down Payment: None

Justine Petersen

Loan Size: $500 to $150,000

Rates: 7.75 – 9.5%, high risk rates up to 20%

Term: Up to 7 years, no prepayment penalties

Collateral: Flexible, <$3,000 not required

Credit: No minimum, credit building assistance included

Service Area: Statewide throughout Missouri, Easter Kansas

Down Payment: None

New Growth Capital

Loan Size: $500 to $50,000

Rates: 4 – 12% above prime

Term: 90 days – 7 years

Collateral: Flexible, not required for less than $3,000

Credit: No minimum, credit building assistance included

Service Area: Statewide throughout Missouri, Eastern Kansas

Down Payment: None

OzSBI

Loan Size: $5,000 to $50,000

Rates: Prime + 0, Minimum 4.5% 

Term: 1 – 10 years

Collateral: Secured, personal guarantees, flexible

Credit: Above 600

Service Area: Douglas, Howell, Oregon, Ozark, Shannon, Texas, Wright counties

Down Payment: $20 application fee