Financial Resources for Business Ownership

This webinar (51 minutes) provides information to current and potential business owners about Nebraska microenterprise statewide resources. Included is discussion on financing a small /micro business, along with saving and building credit for business ownership. Guest speakers were Jeff Christensen of NED, Inc., and Jeff Reynolds of REAP, along with Rose Jaspersen, Executive Director and Glennis McClure, Program Manager of NEF.

To access the webinar, click on the provided link: https://canhelp.webex.com/canhelp/lsr.php?AT=pb&SP=MC&rID=58206977&rKey=3fe5e5feb3f41ade

SBA Loans

The SBA offers numerous loan programs to assist small businesses. SBA is primarily a guarantor of loans made by private and other institutions, they do not directly loan to businesses. Contact the Nebraska SBA office for a list of Nebraska approved SBA lenders.

7(a) loans are the most basic and most used type loan of SBA’s business loan programs and are only available on a guaranty basis. The loans are provided by lenders who choose to structure their own loans by SBA’s requirements and who apply and receive a guaranty from SBA on a portion of this loan. The SBA does not fully guaranty 7(a) loans.

SBA Basic Loan Information

The U.S. Small Business Administration (SBA) is an independent agency of the federal government. Its purpose is to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. There are numerous loan programs offered through the SBA that businesses can access through SBA preferred and certified lenders.

USDA Rural Development Grants and Loans

Promoting a dynamic business environment in rural America is the goal of Rural Development, Business and Cooperative Programs (BCP), and Business Programs (BP). BP works in partnership with the private sector and the community-based organizations to provide financial assistance and business planning. BP helps fund projects that create or preserve quality jobs and/or promote a clean rural environment. The financial resources of BP are often leveraged with those of other public and private credit source lenders to meet business and credit needs in under-served areas. Recipients of these programs may include individuals, corporations, partnerships, cooperatives, public bodies, nonprofit corporations, Indian tribes, and private companies.