The November edition of the SBA Nebraska District Office newsletter "It's Your Business" is ready! See below for more on these stories:
Fiscal '12 off to solid start
Even without a boost from Recovery or Jobs Act provisions for the first time in two years, the Nebraska District Office still saw solid activity across the state as Fiscal Year 2012 began. As of Oct. 28, small businesses received 37 loan approvals for nearly $8 million in volume, directly creating 175 new jobs and ensuring 250 jobs remain on payrolls. And homeowners and small businesses affected by the Missouri River flooding have gotten help, too.
504 deal crucial to financing new Central City eatery
It's an old-fashioned downtown, with a few eateries crowded along with some storefronts and clapboard houses as U.S. Route 30 winds through this town of about 3,000 people. But for hungry folks in Central City, a town about 25 miles north of Grand Island, they're about to get a choice in dining few in the wider area enjoy. That's because restaurant developer Todd Carpenter is building a new Subway/Taco Del Mar franchise here; in the process, he'll create another six to eight jobs.
Local Companies offer White House candid feedback during Omaha roundtable
Area small business owners brought their insight on the challenges in the marketplace directly to the President in a candid discussion Oct. 27 at a White House Business Council Roundtable at the Nebraska District SBA Office. The roundtable is one in a series of outreach efforts across the country by the U.S. Small Business Administration, and one of six in the SBA Region 7 four-state area of Kansas, Nebraska, Missouri and Iowa, to seek direct input from business owners on ways the federal government can improve economic conditions and help small firms create jobs.
Rural Lender Advantage is for you
Streamlined, simpler, and more user friendly 7(a) process for small loans ($350,000 or less) for small lenders
One page application (two sided) for very small loans with key, but limited additional information required for loans above $50,000
SBA guarantees 85 percent of loans of $150,000 or less and 75 percent of loans greater than $150,000
Expedited SBA processing with routine loans processed within 3-5 days.