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SBA to award Nebraska Financial Services Champion to Ogallala’s Dave Jibben
Wednesday, May 11, 2011
WHO: U.S. Small Business Administration Nebraska District Office Lead Business Development Specialist Barbara Foster; Nebraska Business Development Center North Platte Director Jason Tuller, West Central Nebraska Development District (WCNDD) Finance Specialist Dave Jibben.
WHAT: The U.S. Small Business Administration’s Nebraska District Office invites members of the press and other dignitaries to attend an awards ceremony recognizing Dave Jibben as the SBA’s Nebraska Financial Services Champion of the Year for 2011.
Champions are judged on their efforts to encourage the flow of investment capital to small businesses and the amount and quality of assistance given small businesses to obtain financing.
WHERE: West Central Nebraska Development District, 333 E. 2nd Street, Ogallala.
WHEN: May 24, 2011, 11 a.m., MST
Background on Event Principal:
Dave Jibben is responsible for managing SBA Technical Assistance, Training and Loan Programs for prospective and existing small business loan clients.
Jibben has expanded the WCNDD’s SBA Microloan program over the past five years adding $600,000 available to small businesses, including $200,000 from technical assistance grants from the SBA. In 2010, seven small businesses received microloan funding from WCNDD for $165,610, creating 12 new jobs in the district’s rural and sparsely populated 18-county area. That means for every $13,800 or so in loan dollars, one new job was created.
Jibben has been a savvy lender: delinquency rates during his tenure have been below five percent during his time on the job. That impressive number in a time of economic challenges can be attributed to his personal relationship with his clients, and spending three-quarters of his time on ongoing, quality business plan and financial advice and cash flow help to new and existing small businesses.
In addition to his work at WCNDD, Jibben also serves as vice-chair for Educational Service Unit #15 Board of Directors.
Note on SBA Lending in Nebraska: Over the past 18 months, more than 880 SBA-backed loans for $250 million have been approved for small businesses in Nebraska, creating more than 3,300 new jobs.