Act as a for-profit, multi-bank entity to facilitate economic development in Joplin’s economically underserved areas.

Furnish “gap financing” providing small business loans and/or equity to entrepreneurs who cannot obtain a complete package of conventional financing.

Geographic Area
The JCC will operate within the identified census tracts for low to moderate income as defined by the Department of HUD – more generally described as 26th St. North to about C St. and from Maiden Lane East to Connecticut Ave.

Eligible Applicants
Existing small businesses
Start up businesses
New purchase of an existing small business
Home-based businesses
Investors in commercial real estate, primarily non-residential

Non-Eligible Applicants
Organizations designated Not for Profit businesses
Loans for consumer purposes, including owner and non-owner occupied residential real estate
Businesses engaged in providing products or services of a prurient sexual nature

Loan Amounts
The minimum and maximum loan amounts are $5,000 and $50,000.

Use of Loan Funds
Purchase and/or rehabilitation of commercial real estate
Real Estate Construction
Purchase of Equipment
Leasehold Improvements
Working Capital
Labor and Materials on specific contracts
Acquisition of an existing business
Other purposes deemed appropriate to meet the objectives of JCC

Participating Institutions
Arvest Bank…Stuart Puckett…627-8000
Mid-Missouri Bank…John Bass…782-4810
Commerce Bank, N.A….Mike White…626-4035
Community Bank & Trust…Lanny Drummond…624-3222
First State Bank…John Lopes…623-8860
Great Southern Bank…Monte McNew…627-3070
Hometown Bank…Robert Reaves…782-0005
Southwest Missouri Bank…Mark Johnson…623-5959
UMB Bank, n.a….Jeff Johnson…781-1300
U.S. Bank, N.A….Clifford Wert…625-3203

APPLICATIONS AVAILABLE AT ALL PARTICIPATING INSTITUTIONS AND THE JOPLIN AREA CHAMBER OF COMMERCE.