Arkansas SBTDC > News You Can Use > Client Success Stories >

Monticello Speedway

Monticello Speedway
Monticello, Arkansas

Two generations of the Chapman family - Steve and Nancy, Joe and Michelle - approached Bill Wisener, president of Simmons First Bank in Monticello, with their idea to start a dirt auto racing track in Drew County.

Wisener contacted Kathryn Peacock, UAM SBDC Center Director, to provide research on feasibility and pricing for this type enterprise in Arkansas. After reviewing the study, he referred the Chapmans to the UAM SBDC for guidance with a business plan and financial projections.

Financing through an SBA guaranteed loan for the project was shared with Arkansas Capital Corporation after their request for Peacock to assist with promotional packages to market race sponsorships was fulfilled.

The track opened in October 2005 with the slogan, "GIT-R-DIRTY!" Monticello Speedway, LLC is southeast Arkansas' only 1/4 mile oval dirt track featuring five divisions - Hobby Stock, Street Stock, Limited Modified, Late Model, and Modified. The region is drawing tourist dollars due to the enthusiastic response of entrants and spectators coming to enjoy a new outlet for Saturday night entertainment.


Read more client success stories

Start Your Own Business | Improve Your Existing Business

Updated 10/12/2011 1:53:53 PM | T. Lee
UALR College of Business
SBA
Association of Small Business Development Centers
Arkansas Small Business and Technology Development Center
University of Arkansas at Little Rock - College of Business
Donald W. Reynolds Center for Business and Economic Development
2801 S. University / Little Rock, Arkansas 72204
Phone: 501.683.7700  Fax: 501.683.7720
webmaster@asbtdc.ualr.edu
The Arkansas Small Business and Technology Development Center is funded in part though a cooperative agreement with the U.S. Small Business Administration through a partnership with the University of Arkansas at Little Rock College of Business and other institutions of higher education. All poinions, conclusions of recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA. It is the goal of UALR to eliminate discriminatory harassment and to promote equal opportunity regardless of race, gener, color, national origin, sexual orientation, age, religion, veteran's status or disability. Site Content © 2012, Arkansas Small Business and Technology Development Center