Missouri farmers use this loan program to help expand production
JOPLIN, Mo. – A new program now helps Missouri businesses and farmers receive low-interest rate loans.
American Ramp Company in Joplin met with Missouri Treasurer Scott Fitzpatrick to discuss the benefits of the MOBUCKS program.
MOBUCKS is a linked deposit program that uses state funds to allow businesses to purchase necessary equipment and materials at a discounted rate.
“Really at the end of the day, it’s not a handout to the businesses. The businesses are just trying to buy a piece of equipment or they’re trying to add on to their building or they need a cash flow loan to finance the growth they’re having,” said Fitzpatrick. “Whatever it is they’re responsible for paying that loan back.”
The American Ramp Company says they have been able to update their equipment and plan building expansion thanks to MOBUCKS.
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