www.SBA.gov • connect with us @ facebook.com/SBAgov twitter.com/sbagov youtube.com/sba
Publishers of Small Business Resource
Phone: 863-294-2812 • 800-274-2812
Fax: 863-299-3909 • www.sbaguides.com
Joe Jensen email@example.com
FEATURES English Small Business Resource Advertising
4 Introduction 27 Meet the SBA 100
Kenna Rogers firstname.lastname@example.org
4 Administrator’s Letter Production
5 Regional Administrator’s Letter 28 Contracting Diane Traylor email@example.com
6 Director’s Message Applying for Government
28 How Government Contracting
SBA’s Marketing Office:
The Small Business Resource Guide is published
Getting help to start up, market and under the direction of SBA’s Office of Marketing and
29 SBA Contracting Programs Customer Service.
manage your business. 32 Getting Started in Contracting
8 SBA Resource Partners Director of Marketing
11 SBA’s Online Tools and Training 33 Disaster Paula
12 Reaching Underserved Knowing the types of assistance Panissidi firstname.lastname@example.org
Communities available for recovery. Editorial Content
14 Are You Right for Small
Business Ownership? 34 Advocacy and Ombudsman
15 Writing a Business Plan Watching out for small business Graphic Design
35 Additional Resources
Financing options to start or grow SBA’s participation in this publication is not an
Taking care of start up logistics. endorsement of the views, opinions, products or
your business. services of the contractor or any advertiser or other
16 SBA Business Loans 38 Business Organization:
participant appearing herein. All SBA programs
18 What to Take to the Lender Choosing your Structure and services are extended to the public on a
23 Small Business Investment nondiscriminatory basis.
Company Program 39 Other Assistance
Printed in the United States of America
24 Small Business Innovation
24 Small Business Technology
41 Lender Listing While every reasonable effort has been made
to ensure that the information contained herein
Transfer Program was accurate as of the date of publication, the
24 Surety Bond Guarantee information is subject to change without notice.
Neither the contractor, the federal government,
Program or agents thereof shall be held liable for any
25 SBA Loan Program Chart damages arising from the use of or reliance on the
information contained in this publication.
SBA Publication # MCS-0018
“Everything you need to know This publication is provided under SBA Contract
about setting up, marketing
and managing the revenue
of your business. ”
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 3
The U.S. Small Business Administration
F R O M T HE ADM I NI STRATOR
2011 was a record year for the As our economy continues to strengthen in 2012,
SBA. We helped over 60,000 the Obama Administration is focused on making
small businesses secure over sure that entrepreneurs and small business owners
$30 billion in lending through have the tools they need to grow and create jobs.
our flagship 7(a) and 504 After all, half of working Americans either own or
programs – an all-time record. work for a small business, and two of every three
We also worked with private- new jobs are created by small businesses.
sector partners to drive a record
amount of capital ($2.8 billion) Finally, check out our online tools. For example,
into the hands of over 1,000 at www.sba.gov/direct you can type in your zip
high-growth businesses through Small Business code and a few details about your business,
Investment Companies. and you’ll immediately get connected to SBA
resources in your local area.
As we entered 2012, the President signed a six-
year extension of the Small Business Innovation America’s small businesses are gearing up to lead
Research program which supports small R&D our nation’s economic recovery and create the
companies that drive innovation and game- jobs we need now. Please feel free to contact your
changing technologies to keep America on the local SBA office if you have any questions. We
cutting edge. We also continue to streamline stand ready to help in whatever way we can.
the paperwork on SBA loans in order to help
more lending partners and their small-business Sincerely,
You can check out all of these programs in this
guide. Also, be sure to take a look at all of the Karen G. Mills
SBA’s 2011 accomplishments in the last few Administrator
pages. Small Business Administration
About the SBA
Your Small Business Resource
Every year, the U.S. Small Business Administration and its • Contracting
nationwide network of partners help millions of potential and • Disaster Assistance
current small business owners start, grow and succeed. • Advocacy and the Ombudsman
Resources and programs targeting small businesses provide an Visit SBA online at www.sba.gov for 24/7 access to small business
advantage necessary to help small businesses compete effectively news, information and training for entrepreneurs.
in the marketplace and strengthen the overall U.S. economy.
All SBA programs and services are provided on a nondiscriminatory
SBA offers help in the following areas: basis.
4 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
The U.S. Small Business Administration
ME E T T H E R E GI ONAL ADM I NI STRATOR
he U.S. Small My role as Regional Administrator
Business allows me to be SBA’s ambassador in
Administration Region VII and to get the word out
works with you to about our wonderful programs. SBA’s
pursue your dream of experience shows that entrepreneurs
financial and personal who understand exactly what they
prosperity through small are getting into before starting a new
business ownership. venture achieve a greater degree of
We know owning a success; in fact, for some, it’s the
business is the fulfillment of a lifetime difference between success and failure.
dream for many people. This is why it’s important for you to
know that the SBA is ready and available
My career includes many years at the to help you.
federal General Services Administration,
and has been dedicated to helping small The Small Business Resource Guide is
businesses achieve success. I continue created, in partnership with SCORE
to be impressed with the resiliency of “Counselors to America’s Small
small business owners who work day in Business” to help you start or expand
and day out to make a living. Across the a business. The Guide includes
country, more than half of Americans pages of helpful ideas, references and
who work either own or work for a suggestions. Topics cover SBA programs
small business. Small businesses are the and services, business licensing, state
engine of our economy. and local government regulations, steps
in preparing a business plan, selecting
At last count, Nebraska had more than business legal structures and more.
52,000 small businesses and each are You will find a listing of small business
making significant contributions to the resources offering technical assistance
state’s economy. They bring innovative and loan options.
products and services to the marketplace
and show great flexibility. We know the obstacles entrepreneurs
face, salute your courage and creativity
I believe it is our entrepreneurs and and wish you nothing but the greatest
small business owners that will continue success!
to drive America’s ability to innovate
and stay competitive across the globe. Patricia Brown-Dixon
U.S. Small Business Administration
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 5
Message From The District Director
SBA Staff Listing
Women’s Business Center
Veterans Affairs his past year Nebraska businesses training programs and outreach to various
Deputy Director Michael Foutch and entrepreneurs have risen groups, such as women, veterans and business
Kathleen Piper 402-221-7211
to the challenges they are faced groups. We work hard to help our neighbors
email@example.com Lender Training with and have paused to evaluate start and stay in business with critical access to
Michael Niehaus business practices or re-think capital, management and technical training,
Public Information 402-221-7210 their concept. Even so, I’m proud to report counseling assistance and direction to secure
Michael Foutch firstname.lastname@example.org in 2011, the Nebraska District office realized government contracts. As the only federal
402-221-7211 another record year: $167 million in SBA agency whose sole mission is to assist our
email@example.com Lender Relations guaranteed loans, and a continued strong nation’s small businesses, I am proud of our
Administrative Officer 402-221-7222
demand in the number of loan approvals, office’s work as an advocate on your behalf.
Bonnie Packo firstname.lastname@example.org for our small businesses. Nebraska’s small
402-221-7200 businesses continue to seek opportunities, Please keep this resource guide handy as
email@example.com Lender Relations are adjusting to conditions and are taking an introduction to many of the services
Suzanne Stearman advantage of financing and technical assistance and information available. I believe you
Legal Division 402-221-7208 that is available to them. will turn to it repeatedly whether you need
District Counsel firstname.lastname@example.org
help developing a business plan, registering
402-221-7202 Lender Relations
Looking forward, there is reason to be your business, finding a lender, locating a
email@example.com Michael Marsh optimistic in 2012, especially for start-ups business counselor or discovering the world of
402-221-7216 and existing small businesses, which put good exporting.
8(a) Business Development firstname.lastname@example.org management practices into place.
Kathleen Piper We are fortunate in Nebraska to work with
402-221-7205 AREA STAFF MEMBER Sustaining and growing a small business quality resource partners – SCORE, Women’s
email@example.com BASED IN OMAHA
requires a solid understanding of finance, Business Center (WBC) and the Nebraska
SBA Office of Government
8(a) Business Development Contracting, Omaha accounting, marketing, operations, and close Business Development Center (NBDC)
Lisa Tedesco Dwight Johnson attention to detail. Continue to monitor your – providing crucial technical advice and
402-221-7229 Procurement Center business’s key indicators: sales, receivables, assistance. Please browse our local web site at
firstname.lastname@example.org Representative for IA, MN, cash flow and inventory. Most importantly, www.sba.gov/ne for up-to-date information
NE, ND and SD keep an open relationship with your lender. about our partners, our programs, services and
Training & Counseling 402-221-7206 Following these practices will benefit a small successes, and browse small business initiatives
SCORE 202-481-1770 Fax
business in these challenging economic times available locally and nationally.
Michael Foutch email@example.com
402-221-7211 www.sba.gov/category/ as well as more certain ones.
firstname.lastname@example.org navigation-structure/ The SBA continues to bring up to date Notably, I also want to thank our advertisers
contracting programs and services to meet today’s business for their support and participation, all of which
Business Development and environment. We are proud of our updated make this publication possible.
NBDC Project Officer web site (www.sba.gov), and our online
Barbara Foster services continue to offer guidance to help As you continually seek sound business
make the decision to go into business and practices to anticipate and react to an ever-
access technical assistance services. The SBA changing marketplace, we strongly encourage
continues to work to improve our processes for you to take advantage of SBA programs and
our guaranteed loan programs for our lenders, services, ensuring your continued success.
changing and improving loan program
offerings and making it easier for small Sincerely,
businesses to find needed financing.
Our continuing efforts to improve the quality Leon J. Milobar
of service and information provided to our District Director of
small business community includes local SBA’s Nebraska District Office
6 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
The SBA helps business
owners grow and expand
Doing Business in Nebraska their businesses every day.
Nebraska Business Development Centers
(NBDC) and Women’s Business Centers
(WBC). They also conduct training events
throughout the district - some require a
nominal registration fee.
Assistance to businesses owned and
controlled by socially and economically
disadvantaged individuals through the
Business Development Program. Please
contact Kathleen Piper at 402-221-7205 or
A Women’s Business Ownership
THE NEBRASKA DISTRICT OFFICE 402-221-7212 or Barbara.email@example.com.
Representative is available to assist
The Nebraska District Office is For information on financing, please
women business owners. Please contact
responsible for the delivery of SBA’s contact Michael Niehaus at 402-221-7210
Barbara Foster at 402-221-7212 or e-mail:
many programs and services to 93 or e-mail: firstname.lastname@example.org. email@example.com.
counties in Nebraska. The District
Director is Leon Milobar. The District SERVICES AVAILABLE Special loan programs are available for
Office is located at 10675 Bedford Ave., Financial assistance for new or existing businesses involved in international
Suite 100, Omaha, Nebraska 68134. businesses through guaranteed loans trade.
Office hours are from 8:00 AM until 4:30 made by area bank and non-bank
PM, Monday through Friday. lenders. A Veterans Affairs Officer is available to
assist veterans. Please contact Michael
CONTACTING THE NEBRASKA Free counseling, advice and information Foutch at 402-221-7211 or e-mail:
DISTRICT OFFICE on starting, better operating or expanding firstname.lastname@example.org
For program and service information, a small business through the Service
please contact the Marketing Division at Corps of Retired Executives (SCORE),
Four years ago, the company embarked on an
SUCCESS STORY expansion projectability to complete more
which would mean more
factory space, an We Welcome Your
Sand Creek Post
orders, and more jobs for local workers. The
company was approved Oct. 3, 2008, for
and Beam an SBA guaranteed loan from BankFirst in
2011 Small Business Norfolk to purchase a plant in Wayne and to For extra copies of this publication or
add a separate lean-to for building doors and questions please contact:
of the Year
windows for their kits. Around the same time,
the firm earned a community development Nebraska District Office
Len Dickinson, his wife, Julie Goeller and block grant to build a second plant facility on 10675 Bedford Avenue, Suite 100
their company, Sand Creek Post and Beam of the Wayne property. Finally, a loan from the Omaha, NE 68134
Wayne, Nebraska were named the Nebraska Northeast Nebraska Economic Development
Small Business of the Year for 2011 by the U.S. District allowed the company to acquire an
abandoned bank for its office building.
Tel: 402-221-4691 Fax: 402-221-3680
Small Business Administration. The business
was nominated by Loren Kucera, Director of
the Nebraska Business Development Center in From 2006 to 2009, the company grew from Website: www.sba.gov/ne
Wayne. $1 million to $5.1 million in revenue, and to 37
employees. Inc. Magazine recognized the firm
Dickinson and Goeller started their business by naming it the 218th fastest-growing company
five years ago, growing into a company which in the country in 2009. Goeller estimated
blends building and selling technologically revenues for 2010 to be between $6 and $7
advanced pre-cut, pre-engineered kits which million.
preserve authentic Great Plains post-and-
beam barns and outbuildings. The firm Plans for the future include placing small
offers big wood post and beam timber barns production units strategically around the
and outbuilding kits—many of which even country to cut down on shipping costs. “We
are perfect for a one-of-a-kind rustic home. would like to expand our sales network, and
The frames are assembled on a customer’s look at doing more international sales,” Goeller
existing foundation, and if that customer needs added. While the company continues to look
construction advice all the way up to turn-key toward future growth, they’re proud of their
construction services for the new barn, they ties to the past, and a picture of rural America of
provide that, too. days gone by.
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 7
Getting Help to Start Up, Market and Manage Your Business
• Teaming with several SCORE mentors
to provide you with tailored assistance
in a number of business areas
Across the country, SCORE offers
nearly 7,000 local business training
workshops and seminars ranging
in topic and scope depending on the
needs of the local business community
such as offering an introduction to
the fundamentals of a business plan,
managing cash flow and marketing your
business. For established businesses,
SCORE offers more in-depth training
in areas like customer service, hiring
practices and home-based businesses.
For around-the-clock business advice
very year, the U.S. Small
SCORE and information on the latest trends go
to the SCORE website (www.score.org).
and its nationwide network SCORE is a national network of More than 1,500 online mentors with
over 14,000 entrepreneurs, business over 800 business skill sets answer your
of resource partners help
leaders and executives who volunteer as questions about starting and running a
millions of potential and
mentors to America’s small businesses. business. In fiscal year 2011, SCORE
existing small business owners start, SCORE leverages decades of experience
grow and succeed. mentors served 400,000 entrepreneurs.
from seasoned business professionals For information on SCORE and to get
Whether your target market is global to help small businesses start, grow your own business mentor, visit
or just your neighborhood, the SBA and companies and create jobs in local www.sba.gov/score, go to www.SCORE.org
its resource partners can help at every communities. SCORE does this by or call 1-800-624-0245 for the SCORE
stage of turning your entrepreneurial harnessing the passion and knowledge office nearest you.
dream into a thriving business. of individuals who have owned and Gene Knapp, District Director
If you’re just starting, the SBA and managed their own businesses and want 919 Bayberry Dr.
its resources can help you with loans to share this “real world” expertise with Bellevue, NE 68005
and business management skills. If you. 402-291-9350
you’re already in business, you can use Found in more than 370 offices and email@example.com
the SBA’s resources to help manage 800 locations throughout the country, Columbus Chapter #162
and expand your business, obtain SCORE provides key services – both Elda Reinhardt, Chairman
government contracts, recover from face-to-face and online – to busy P.O. Box 515
disaster, find foreign markets, and entrepreneurs who are just getting Columbus, NE 68602
make your voice heard in the federal started or in need of a seasoned 402-564-2769
government. business professional as a sounding www.columbusscore.org
You can access SBA information board for their existing business. As
members of your community, SCORE Central Nebraska Chapter #300
online 24 hours a day at www.sba. Robert Hobbs, Chairman
mentors understand local business 3103 12th Ave.
gov or visit one of our local offices for
licensing rules, economic conditions and Kearney, NE 68845
assistance. important networks. SCORE can help 308-237-5198
you as they have done for more than 9 firstname.lastname@example.org
SBA’S RESOURCE million clients by:
Lincoln Chapter #39
• Matching your specific needs with a
business mentor Evelyn Bartlett, Chairman
• Traveling to your place of business for 285 S. 68th St., Ste. 501
In addition to our district offices which Lincoln, NE 68588
an on-site evaluation
serve every state and territory, SBA
works with a variety of local resource www.lincoln.scorechapter.org
partners to meet your small business
needs. These professionals can help • You get to be your own boss.
with writing a formal business plan, ON THE UPSIDE • Hard work and long hours directly benefit you,
locating sources of financial assistance, rather than increasing profits for someone else.
managing and expanding your business, It’s true, there are a lot of
finding opportunities to sell your goods reasons not to start your • Earnings and growth potential are unlimited.
or services to the government, and own business. But for the
right person, the advantages • Running a business will provide endless
recovering from disaster. To find your
variety, challenges and opportunities to learn.
local district office or SBA resource of business ownership far
partner, visit www.sba.gov/sba-direct. outweigh the risks.
8 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
Norfolk Chapter #160
Marvin Rosberg, Chairman
405 Madison Ave./P.O. Box 286
Norfolk, NE 68701
Omaha Chapter #40
Gordon Yager, Chairman
10675 Bedford Ave., Ste. 100
Omaha, NE 68134
402-221-3606 • 402-221-3680 Fax
Panhandle Chapter #301
Jerry Laws, Chairman
1517 Broadway, #104
Scottsbluff, NE 69361
www.score-chapter3ol.org The program combines a unique NBDC CENTER DIRECTORS:
mix of federal, state and private
Iowa Chapter sector resources to provide, in every Omaha
Sioux City SCORE #0104 Cliff Mosteller
state and territory, the foundation
Federal Bldg., Rm. 186, 320 6th St. Univ. of NE at Omaha
for the economic growth of small 6708 Pine St., MH 200 L/M
Sioux City, IA 51101 businesses. The return on investment
712-277-2324 or 712-277-2325 Omaha, NE 68182
is demonstrated by the program during 402-554-6633 • 402-554-3473 Fax
• Assisted more than 13,660
Serves: Lyon, Sioux, Plymouth, Woodbury, entrepreneurs to start new businesses
Ida, Monona and Crawford counties. Lincoln
– equating to 37 new business starts Marisol Rodriguez
per day. NBDC – Lincoln
• Provided counseling services to over 1320 Q St., Office 109
DEVELOPMENT CENTERS 106,000 emerging entrepreneurs and
nearly 100,000 existing businesses.
Lincoln, NE 68510
402-472-5222 • 402-472-0398 Fax
The U.S. Small Business • Provided training services to Mrodriguez2@unlnotes.unl.edu
Administration’s (SBA) Small Business approximately 353,000 clients.
Development Center (SBDC) program’s The efficacy of the SBDC program Kearney
mission is to build, sustain, and has been validated by a nationwide Odee Ingersoll
promote small business development impact study. Of the clients surveyed, NBDC – Kearney
and enhance local economies by more than 80 percent reported that the
Univ. of NE at Kearney
creating businesses and jobs. This West Center Bldg., Ste. 135
business assistance they received from 1917 W. 24th St.
is accomplished by the provision and
the SBDC counselor was worthwhile. Kearney, NE 68849-4440
ensuing oversight of grants to colleges,
universities and state governments so Similarly, more than 50 percent reported 308-865-8344 • 308-865-8153 Fax
that they may provide business advice that SBDC guidance was beneficial in email@example.com
and training to existing and potential making the decision to start a business.
More than 40 percent of long-term Grand Island
small businesses. Sara McMillan
The Small Business Development clients, those receiving 5 hours or more
309 W. 2nd St.
Center (SBDC) program, vital to SBA’s of counseling, reported an increase Grand Island, NE 68801
entrepreneurial outreach, has been in sales and 38 percent reported an 308-382-9210 ext. 19
providing service to small businesses increase in profit margins. firstname.lastname@example.org
for more than 30 years. It is one of the For information on the SBDC
largest professional small business program, visit www.sba.gov/sbdc. To Wayne
management and technical assistance Loren Kucera
schedule an appointment for counseling NBDC – Wayne
networks in the nation. With over 900 or to see the seminar schedule, contact Wayne State College
locations across the country, SBDCs the center nearest you from the list Gardner Hall 101
offer free one-on-one expert business below. Wayne, NE 68787
advice and low-cost training by qualified NBDC State Director and Staff 402-375-7575 • 402-375-7574 Fax
small business professionals to existing Bob Bernier, State Director email@example.com
and future entrepreneurs. 402-554-2521
In addition to its core services, the firstname.lastname@example.org Scottsbluff
SBDC program offers special focus areas Ora Price, Assistant Ingrid Battershell
such as, green business technology, 402-554-6251 NBDC – Scottsbluff
disaster recovery and preparedness, Marjorie Miskec, Assistant State Director Panhandle Research and Extension Center
402-554-4939 4502 Ave. I
international trade assistance, veteran’s Scottsbluff, NE 69361
assistance, technology transfer and http://nbdc.unomaha.edu
308-635-7513 • 308-635-6682 Fax
regulatory compliance. email@example.com
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 9
James Koehn and Tim Donahue
NBDC – PTAC – Omaha
University of Nebraska at Omaha
WOMEN’S BUSINESS CENTERS
1000 Main St./Burkhiser, #137 6708 Pine St. MH 200V The SBA’s Women Business Center
Chadron, NE 69337 Omaha, NE 68182 (WBC) program is a network of 110
308-432-6282 • 308-432-6430 Fax 402-554-6263 • 402-554-3473 Fax community-based centers which provide
firstname.lastname@example.org email@example.com business training, coaching, mentoring
firstname.lastname@example.org and other assistance geared toward
women, particularly those who are
NBDC – PTAC – Lincoln
North Platte socially and economically disadvantaged.
285 S. 68th St. Place, Ste. 550
Jason Tuller WBCs are located in nearly every state
Lincoln, NE 68510
NBDC – North Platte and U.S. territory and are partially
402-472-1177 • 402-472-3363 Fax
300 E. 3rd St., Rm. 275 funded through a cooperative agreement
North Platte, NE 69101 with the SBA.
308-534-5115 • 308-534-5117 Fax Scott Knapp To meet the needs of women
email@example.com NBDC – Kearney entrepreneurs, WBCs offer services
Univ. of NE at Kearney at convenient times and locations,
Nebraska Manufacturing Extension West Center Bldg., Ste. 135
Partnership Staff 1917 W. 24th St.
including evenings and weekends.
Martin Kostecki Kearney, NE 68849-4440 WBCs are located within non-profit host
NBDC – MEP Manager 308-865-8244 • 308-865-8153 Fax organizations that offer a wide variety
University of Nebraska at Omaha firstname.lastname@example.org of services in addition to the services
6708 Pine St. MH 200AA provided by the WBC. Many of the
Omaha, NE 68182 Vicky Jones WBCs also offer training and counseling
402-554-6255 • 402-554-3473 Fax NBDC – PTAC – Wayne and provide materials in different
email@example.com Wayne State College languages in order to meet the diverse
needs of the communities they serve.
Gisele Olney 1111 Main St.
Wayne, NE 68787 WBCs often deliver their services
NBDC – MEP
402-375-7735 • 402-375-7574 Fax through long-term training or group
University of Nebraska at Omaha
6708 Pine St. MH 200Z firstname.lastname@example.org counseling, both of which have shown to
Omaha, NE 68182 be effective. WBC training courses are
Julie Ann Wilhelm often free or are offered at a small fee.
402-554-6261 • 402-554-3473 Fax
NBDC – PTAC – Auburn Some centers will also offer scholarships
816 Central Ave. based on the client’s needs
Auburn, NE 68305 While most WBCs are physically
402-414-5077 • 402-414-5077 Fax
NBDC – MEP located in one designated location, a
University of Nebraska at Omaha number of WBCs also provide courses
6708 Pine St. MH 200Y Pollution Prevention Regional Info Center and counseling via the Internet, mobile
Omaha, NE 68182 Staff classrooms and satellite locations.
402-554-6262 • 402-554-3473 Fax Richard “Rick” Yoder WBCs have a track record of success.
email@example.com NBDC – P2RIC In fiscal year 2011, the WBC program
University of Nebraska at Omaha counseled and trained nearly 139,000
Renee Held 6708 Pine St. MH 200R
1618 14th St.
clients, creating local economic growth
Omaha, NE 68182
Columbus, NE 68601 and vitality. In addition, WBCs help
402-554-6257 • 402-554-3473 Fax
402-960-9843 cell firstname.lastname@example.org entrepreneurs access more than $134
email@example.com or million dollars in capital, representing
firstname.lastname@example.org SBIR Staff a 400% increase from the previous year.
Jean Waters Of the WBC clients that have received 3
PTAC: Procurement Technical Assistance NBDC – SBIR or more hours of counseling, 15 percent
Center Staff University of Nebraska at Omaha indicated that the services led to hiring
http://ptac.unomaha.edu 6708 Pine St. MH 200K new staff, 34 percent indicated that
Omaha, NE 68182 the services led to an increased profit
Andy Alexander, Procurement Assistance 402-554-6259 • 402-554-3473 Fax
margin, and 47 percent indicated that
University of Nebraska at Omaha email@example.com
the services led to an increase in sales.
6708 Pine St. MH 200U Veronica Doga In addition, the WBC program has
Omaha, NE 68182 NBDC – SBIR taken a lead in preparing women
402-554-6253 • 402-554-3473 Fax University of Nebraska at Omaha
firstname.lastname@example.org business owners to apply for the
6708 Pine St. MH 200 L/M Women-Owned Small Business
Omaha, NE 68182 (WOSB) Federal Contract program
Mary Graff 402-554-6250 • 402-554-3473 Fax
NBDC – PTAC – Omaha that authorizes contracting officers to
University of Nebraska at Omaha E-Shop Staff: set aside certain federal contracts for
6708 Pine St. MH 200W Geneva eligible women-owned small businesses
Omaha, NE 68182 Pat Lentfer or economically disadvantaged women-
402-554-6254 • 402-554-3473 Fax Fillmore County owned small businesses. For more
email@example.com Economic Development Corporation information on the program, visit
1032 G St. www.sba.gov/wosb.
Geneva, NE 68361
To find the nearest SBA WBC, visit
402-759-4910 • 402-759-4455 Fax
10 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
EMERGING LEADERS SBA’S ONLINE TOOLS AND • Templates and samples to get your
business planning underway.
SBA’s Emerging Leaders initiative
is currently hosted in 27 markets
TRAINING • Online, interactive assessment tools
are featured and used to direct clients
across the country using a national SBA’s Small Business Training to appropriate training.
demonstrated research-based Network is a virtual campus complete Course topics include a financial
curriculum that supports the growth with free online courses, workshops, primer keyed around SBA’s loan-
and development of small firms that podcasts, learning tools and business- guarantee programs, a course on
have substantial potential for expansion readiness assessments. exporting, and courses for veterans
and community impact. A competitive Key Features of the Small Business and women seeking federal
selection process results in firm Training Network: contracting opportunities, as well as
executives participating in high-level Training is available anytime and an online library of podcasts, business
training and peer-networking sessions anywhere—all you need is a computer publications, templates and articles.
led by professional instructors and local with Internet access. Find these free resources at
• More than 30 free online courses and
economic development organizations. workshops are available.
Post-training, social and economic
impact results from responding
executives who attended the 2008 –
2010 training classes indicate:
• More than half of participating
businesses reported an increase in
revenue, with an average revenue of
• Participating businesses averaged
$2 million in revenue, with new
cumulative financing of $7.2 million
secured in 2010.
• Nearly half of the participants secured
federal, state, local and tribal contracts
with a cumulative total of $287
• Approximately half of the participants
have hired new workers, creating 275
new jobs in 2010.
• All participants were introduced and
trained on becoming SBA 8(a) certified
firms; nearly 25 percent of respondents
are currently certified as SBA 8(a)
firms, while other participants
reported a focused intention on
applying to the 8(a) program.
• Nearly 50 percent of participating
respondents were female executives
and 70 percent were minority business
• 85 percent of responding executives
were Satisfied or Very Satisfied with
the overall training series and results.
To find out more about this executive-
level training opportunity, please
visit www.sba.gov/e200 for host cities,
training schedules, and selection
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 11
REACHING UNDERSERVED COMMUNITIES
SBA also offers a number of programs REAP–Rural Enterprise Assistance Project businesses that might otherwise be
specifically designed to meet the needs Contact: Monica Braun, Director unable to find access to capital.
in the underserved communities. 402-643-2673
VETERANS AND RESERVISTS
WOMEN BUSINESS OWNERS BUSINESS DEVELOPMENT
Women entrepreneurs are changing Greater Resources for Omaha Woman
(G.R.O.W.) To ensure that veterans, service-
the face of America’s economy. In the
1970s, women owned less than five Westside Community Center disabled veterans and Reserve and
3534 S. 108th St. National Guard member entrepreneurs
percent of the nation’s businesses. Omaha, NE 68144
Today, they are majority owners receive special consideration in all of
of about a third of the nation’s small www.GrowOmaha.org SBA’s entrepreneurial programs and
businesses and are at least equal owners firstname.lastname@example.org resources, the SBA has established
of about half of all small businesses. an Office of Veterans Business
SBA serves women entrepreneurs American Business Women’s Association Development (OVBD). Each year,
nationwide through its various programs Chapters in Omaha and Lincoln OVBD reaches thousands of veterans,
and services, some of which are designed www.abwa.org Reserve Component members,
especially for women. transitioning service members and
The SBA’s Office of Women’s Business Omaha Women’s
Chamber of Commerce others who are – or who want to
Ownership (OWBO) serves as an
advocate for women-owned businesses. A professional Women’s organization that become – entrepreneurs and small
OWBO oversees a nationwide network fosters the educational improvement of business owners. OVBD develops and
Women. distributes informational materials for
of 110 women’s business centers that 402-551-7211
provide business training, counseling entrepreneurship such as the Veterans
and mentoring geared specifically to Nebraska Home Based Business Business Resource Guide, VETGazette,
women, especially those who are socially Association and Getting Veterans Back to Work. In
and economically disadvantaged. The P.O. Box 54 addition, there are 16 Veterans Business
program is a public-private partnership David City, NE 68632 Outreach Centers strategically located
with locally-based nonprofits. 800-414-3906 throughout the country that provide
Women’s Business Centers serve Contact: Will Daniel
both online and in-person training,
a wide variety of geographic areas, email@example.com
www.nhbba.org counseling, mentoring, workshops,
population densities, and economic
referrals, and more. Each of the SBA’s
environments, including urban,
suburban, and rural. Local economies National Organization for 68 District Offices also has a designated
vary from depressed to thriving, and Women Lincoln Chapter veteran’s business development officer.
P.O. Box 80172 The SBA offers special assistance for
range from metropolitan areas to
Lincoln, NE 68501
entire states. Each Women’s Business small businesses owned by activated
Center tailors its services to the needs Reserve and National Guard members.
of its individual community, but all Any self-employed Reserve or Guard
offer a variety of innovative programs, CENTER FOR FAITH-BASED AND member with an existing SBA loan can
often including courses in different
languages. They provide training in
NEIGHBORHOOD PARTNERSHIPS request from their SBA lender or SBA
Faith-based and Neighborhood district office loan payment deferrals,
finance, management, marketing, and interest rate reductions and other relief
the Internet, as well as access to all of Partnerships know their communities,
and they have earned their people’s after they receive their activation orders.
the SBA’s financial and procurement
assistance programs. trust. Because of their credibility, In addition, the SBA offers special
Barbara Foster - Women’s Business they are uniquely positioned to build low-interest-rate financing to small
Ownership Representative awareness of programs that encourage businesses when an owner or essential
402-221-7212 entrepreneurship, economic growth and employee is called to active duty. The
Barbara.Foster@sba.gov Military Reservist Economic Injury
SBA is committed to reaching Disaster Loan Program (MREIDL)
For additional information, contact one of
the following: out to faith based and community provides loans up to $2 million to eligible
Women’s Business Center organizations that are eligible to small businesses to cover operating costs
participate in the agency’s programs by that cannot be met due to the loss of an
informing their congregants, members essential employee called to active duty
and neighbors about SBA’s programs. in the Reserves or National Guard.
In particular, many faith-based and Among the SBA’s unique services for
community non-profit organizations veterans are: an Entrepreneurship Boot
can provide a local financing option Camp for Veterans with Disabilities in
for entrepreneurs by becoming SBA partnership with 6 top U.S. universities
Microloan Intermediaries. An SBA (www.whitman.syr.edu/ebv), a program
Microloan Intermediary often acts as to reach women veteran-entrepreneurs
a bank for entrepreneurs and small (www.whitman.syr.edu/vwise), and a
12 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
REACHING UNDERSERVED COMMUNITIES
program for Reserve Component family Friday of every month. women who aspire to own a business in
members called Operation Endure For more information see the website: Nebraska.
and Grow (www.whitman.syr.edu/ www.omahaempowermentbreakfast.org. Nebraska’s Women’s Business
endureandgrow). Center utilizes the REAP program
For more information about small WOMEN’S BUSINESS CENTER infrastructure to deliver services to
business lending programs for veteran REAP existing and start-up self-employed
women across rural Nebraska and is a
business owners and Reserve or Center for Rural Affairs —
Guard members who are activated, project of the Center for Rural Affairs.
Rural Enterprise Assistance Project
including Patriot Express, microloans, 145 Main St./P.O. Box 136 REAP’s Women’s Business Center
and Advantage loans, see the section Lyons, NE 68038 helps rural women in Nebraska through
402-687-2100 • 402-687-2200 Fax • Basic Business Plan training
on Access to Capital. To learn more
www.cfra.org • eCommerce training
about the Veterans Business Outreach • one-on-one technical assistance
Women’s Business Center
program or find the nearest SBA VBOC, Monica Braun, Director • business plan counseling
visit the SBA Web site at www.sba.gov/ 402-643-2673 Phone and Fax • networking opportunities
vets. firstname.lastname@example.org • and micro-loans for small businesses
www.cfra.org/reap that qualify.
NATIVE AMERICAN BUSINESS Self-employed business ownership is a
significant necessity for supplementing
The Nebraska WBC service center
is a center without “walls.” REAP
DEVELOPMENT income and making a living in rural delivers the WBC services across the
The SBA Office of Native American Nebraska. Increasing numbers of state with business specialists located
Affairs (ONAA) ensures American Nebraska women are starting or throughout Nebraska. The WBC works
Indians, Alaska Natives and Native contemplating starting a business. The in conjunction with REAP to provide
Hawaiians seeking to create, develop need continues to be strong for business necessary services to rural small
and expand small businesses have technical assistance, help with business businesses.
full access to the necessary business planning, increased sources of business
development and expansion tools capital, and just plain solid support for
available through the agency’s
entrepreneurial development, lending,
and contracting programs. ONAA
provides a network of training (including
the online tool “Small Business
Primer: Strategies for Growth”) and
counseling services and engages in
numerous outreach activities, such as
tribal consultations, development and
distribution of educational materials,
attendance and participation in
economic development events and
assisting these small businesses with
More information is at www.sba.gov/
The Omaha Empowerment Breakfast
is a monthly down-to-earth way for
small business owners and operators to
network with each other and connect
with larger businesses and agencies
in the community. Each month, four
businesses introduce their services and
products in a three-minute presentation.
During the breakfast, everyone present
is introduced. Space is provided for
business materials and brochures.
There is a fee of $15 per breakfast
payable at the door. Held on the second
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 13
ARE YOU RIGHT FOR SMALL BUSINESS OWNERSHIP?
Most new business owners who
succeed have planned for every phase
own shoulders. Strong motivation
will help you survive slowdowns and
periods of burnout. Going to work used to mean
of their success. Thomas Edison, the
• How will the business affect traveling from home to a plant, store or
great American inventor, once said,
your family? The first few years of office. Today, many people do some or
“Genius is 1 percent inspiration and all their work at home.
business start-up can be hard on
99 percent perspiration.” That same
family life. It’s important for family
philosophy also applies to starting a members to know what to expect Getting Started
business. and for you to be able to trust that Before diving headfirst into a home-
First, you’ll need to generate a little they will support you during this based business, you must know why
bit of perspiration deciding whether time. There also may be financial you are doing it. To succeed, your
you’re the right type of person to start difficulties until the business becomes business must be based on something
your own business. profitable, which could take months greater than a desire to be your
or years. You may have to adjust to a own boss. You must plan and make
IS ENTREPRENEURSHIP FOR lower standard of living or put family
assets at risk.
improvements and adjustments along
YOU? Once you’ve answered those Working under the same roof where
There is simply no way to eliminate questions, you should consider what your family lives may not prove to be
all the risks associated with starting type of business you want to start. as easy as it seems. One suggestion is
a small business, but you can improve Businesses can include franchises, to set up a separate office in your home
your chances of success with good at-home businesses, online businesses, to create a professional environment.
planning, preparation, and insight. brick-and-mortar stores or any Ask yourself these questions:
Start by evaluating your strengths combination of those. • Can I switch from home
responsibilities to business work
and weaknesses as a potential owner easily?
and manager of a small business. FRANCHISING • Do I have the self-discipline to
Carefully consider each of the following maintain schedules while at home?
There are more than 3,000 business • Can I deal with the isolation of
franchises. The challenge is to decide working from home?
• Are you a self-starter? It will be
entirely up to you to develop projects, on one that both interests you and is
organize your time, and follow a good investment. Many franchising Legal Requirements
through on details. experts suggest that you comparison A home-based business is subject to
• How well do you get along with shop by looking at multiple franchise many of the same laws and regulations
different personalities? Business opportunities before deciding on the affecting other businesses.
owners need to develop working one that’s right for you. Some general areas include:
relationships with a variety of Some of the things you should • Zoning regulations. If your business
people including customers, vendors, look at when evaluating a franchise: operates in violation of them, you
staff, bankers, employees, and historical profitability, effective could be fined or shut down.
professionals such as lawyers, • Product restrictions. Certain
financial management and other
accountants, or consultants. Can products cannot be produced in the
controls, a good image, integrity and home. Most states outlaw home
you deal with a demanding client, commitment, and a successful industry.
an unreliable vendor, or a cranky production of fireworks, drugs,
In the simplest form of franchising, poisons, explosives, sanitary or
receptionist if your business interests
while you own the business, its medical products and toys. Some
• How good are you at making operation is governed by the terms of states also prohibit home-based
decisions? Small business owners are the franchise agreement. For many, businesses from making food, drink
required to make decisions constantly this is the chief benefit for franchising. or clothing.
– often quickly, independently, and You are able to capitalize on a business Be sure to consult an attorney and
under pressure. format, trade name, trademark and/ your local and state departments
• Do you have the physical and or support system provided by the of state, labor and health to find
emotional stamina to run a franchisor. But you operate as an out which laws and regulations will
business? Business ownership can independent contractor with the ability affect your business. Additionally,
be exciting, but it’s also a lot of work. to make a profit or sustain a loss check on registration and accounting
Can you face six or seven 12–hour commensurate with your ownership. requirements needed to open your
workdays every week? If you are concerned about starting home-based business. You may need
• How well do you plan and an independent business venture, then a work certificate or license from the
organize? Research indicates that
franchising may be an option for you. state. Your business name may need
poor planning is responsible for most
business failures. Good organization
Remember that hard work, dedication to be registered with the state. A
— of financials, inventory, schedules, and sacrifice are key elements in separate business telephone and bank
and production — can help you avoid the success of any business venture, account are good business practices.
many pitfalls. including a franchise. Also remember, if you have
• Is your drive strong enough? For more information visit employees you are responsible for
Running a business can wear you www.sba.gov/franchise. withholding income and social-
down emotionally. Some business security taxes, and for complying with
owners burn out quickly from having minimum wage and employee health
to carry all the responsibility for the and safety laws.
success of their business on their
14 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
WRITING A BUSINESS PLAN
After you’ve thought about what •
type of business you want, the
next step is to develop a business
plan. Think of the business plan
as a roadmap with milestones
for the business. It begins as a
pre-assessment tool to determine
profitability and market share, then
expands as an in-business assessment
tool to determine success, obtain
financing and determine repayment
ability, among other factors.
Creating a comprehensive business
plan can be a long process, and you
need good advice. The SBA and its
resource partners, including Small
Business Development Centers,
Women’s Business Centers, Veterans
Business Outreach Centers, and
SCORE, have the expertise to help you
craft a winning business plan. SBA
also offers online templates to get you Marketing Provide projected income statements,
started. • Discuss the products and services
and balance sheets for a two-year
In general, a good business plan your company will offer.
contains: • Identify customer demand for your
• Discuss your break-even point.
products and services.
Introduction • Explain your personal balance sheet
• Identify your market, its size and
• Give a detailed description of the and method of compensation.
business and its goals. • Discuss who will maintain your
• Explain how your products and
• Discuss ownership of the business accounting records and how they will
services will be advertised and
and its legal structure. be kept.
• List the skills and experience you • Provide “what if” statements
• Explain your pricing strategy.
bring to the business. addressing alternative approaches to
• Discuss the advantages you and your Financial Management potential problems.
business have over competitors. • Develop an expected return on
investment and monthly cash flow for
• Explain how the business will be
the first year.
• Discuss hiring and personnel
• Discuss insurance, lease or rent
agreements, and issues pertinent to
• Account for the equipment necessary
to produce your goods or services.
• Account for production and delivery
of products and services.
Summarize your business goals
and objectives and express your
commitment to the success of your
business. Once you have completed
your business plan, review it with
a friend or business associate and
professional business counselor
like SCORE, WBC or SBDC
representatives, SBA district office
business development specialists
or veterans business development
Remember, the business plan is a
flexible document that should change
as your business grows.
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 15
Financing Options to Start or Grow Your Business
percentage of the outstanding balance
guaranteed by SBA. This allows the
lender to recover a portion from SBA of
what it lent if the borrower can’t make
the payments. The borrower is still
obligated for the full amount.
To qualify for an SBA loan, a small
business must meet the lender’s
criteria and the 7(a) requirements. In
addition, the lender must certify that it
would not provide this loan under the
proposed terms and conditions unless
it can obtain an SBA guaranty. If the
SBA is going to provide a lender with
a guaranty, the applicant must be
eligible and creditworthy and the loan
any entrepreneurs need the associated costs, the applicants’ structured under conditions acceptable
financial resources to start contribution, use of loan proceeds, to SBA.
or expand a small business collateral, and, most important, an
themselves and must explanation of how the business will Percentage of Guaranties and Loan
combine what they have be able to repay the loan in a timely Maximums
with other sources of financing. These manner. The SBA only guarantees a portion of
sources can include family and friends, The lender will analyze the any particular loan so each loan will also
venture-capital financing, and business application to see if it meets the lender’s have an unguaranteed portion, giving
loans. criteria and SBA’s requirements. SBA the lender a certain amount of exposure
This section of the Small Business will look to the lender to do much, if not and risk on each loan. The percentage
Resource guide discusses SBA’s primary all, of the analysis before it provides SBA guarantees depends on either the
business loan and equity financing its guaranty on the lender’s loan. In dollar amount or the program the lender
uses to obtain its guaranty. For loans of
programs. These are: the 7(a) Loan the case of microlenders, SBA loans
$150,000 or less the SBA may guaranty
Program, the Certified Development these intermediaries funds at favorable
as much as 85 percent and for loans
Company or 504 Loan Program, the rates to re-lend to businesses with
over $150,000 the SBA can provide a
Microloan Program and the Small financing needs up to $50,000. The
guaranty of up to 75 percent.
Business Investment Company SBA’s business loan programs provide a The maximum 7(a) loan amount
Program. The distinguishing features key source of financing for viable small is $5 million. (Loans made under
for these programs are the total dollar businesses that have real potential but the SBAExpress program, which is
amounts that can be borrowed, the type cannot qualify for long-term, stable discussed later in this section, have a 50
of lenders who can provide these loans, financing. percent guaranty.)
the uses for the loan proceeds, and the
terms placed on the borrower. 7(a) LOAN PROGRAM Interest Rates and Fees
Note: The SBA does not offer grants The 7(a) Loan program is the SBA’s The actual interest rate for a 7(a)
to individual business owners to start or primary business loan program. It loan guaranteed by SBA is negotiated
grow a business. is the agency’s most frequently used between the applicant and lender and
non-disaster financial assistance subject to SBA maximums. Both fixed
SBA BUSINESS LOANS program because of its flexibility in and variable interest rate structures
If you are contemplating a business loan structure, variety of loan proceed are available. The maximum rate is
loan, familiarize yourself with the uses, and availability. The program has comprised of two parts, a base rate and
SBA’s business loan programs to see broad eligibility requirements and credit an allowable spread. There are three
if they may be a viable option. Keep criteria to accommodate a wide range of acceptable base rates (Wall Street
in mind the dollar amount you seek to financing needs. Journal Prime*, London Interbank One
The business loans that SBA Month Prime plus 3 percent, and an
borrow and how you want to use the
guarantees do not come from the SBA Peg Rate). Lenders are allowed
loan proceeds. The three principal
agency, but rather from banks and other to add an additional spread to the base
players in most of these programs are
approved lenders. The loans are funded rate to arrive at the final rate. For
the applicant small business, the lender
by these organizations, and they make loans with maturities of less than seven
and the SBA. SBA guarantees a portion
the decisions to approve or not approve years, the maximum spread will be no
of the loan (except for Microloans). more than 2.25 percent. For loans with
The business should have its business the applicants’ requests.
The SBA guaranty reduces the maturities of seven years or more, the
plan prepared before it applies for a maximum spread will be 2.75 percent.
loan. This plan should explain what lender’s risk of borrower non-payment.
If the borrower defaults, the lender The spread on loans under $50,000
resources will be needed to accomplish and loans processed through Express
the desired business purpose including can request SBA to pay the lender that
procedures may be higher.
16 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
Loans guaranteed by SBA are Collateral The SBA also cannot loan guaranties
assessed a guaranty fee. This fee is The SBA expects every 7(a) loan to to non-profit businesses, private clubs
based on the loan’s maturity and the be fully secured, but the SBA will not that limit membership on a basis
dollar amount guaranteed, not the decline a request to guaranty a loan if other than capacity, businesses that
total loan amount. The guaranty fee is the only unfavorable factor is insufficient promote a religion, businesses owned by
initially paid by the lender and then collateral, provided all available individuals incarcerated or on probation
passed on to the borrower at closing. collateral is offered. What these two or parole, municipalities, and situations
The funds to reimburse the lender can policies mean is that every SBA loan where the business or its owners
be included in the loan proceeds. is to be secured by all available assets previously failed to repay a federal loan
On any loan with a maturity of one (both business and personal) until the or federally assisted financing.
year or less, the fee is just 0.25 percent recovery value equals the loan amount
of the guaranteed portion of the loan. or until all assets have been pledged Use of Proceeds
On loans with maturities of more than to the extent that they are reasonably The third eligibility factor is use of
one year, the normal guaranty fee is 2 available. Personal guaranties are proceeds. 7(a) proceeds can be used
percent of the SBA guaranteed portion required from all the principal owners of to: purchase machinery; equipment;
on loans up to $150,000; 3 percent on the business. Liens on personal assets of fixtures; supplies; make leasehold
loans over $150,000 but not more than the principals may be required. improvements; as well as land and/or
$700,000; and 3.5 percent on loans over buildings that will be occupied by the
$700,000. There is also an additional Eligibility business borrower.
fee of 0.25 percent on any guaranteed 7(a) loan eligibility is based on four Proceeds can also be used to:
portion over $1 million. different factors. The first is size, as • Expand or renovate facilities;
* All references to the prime rate all loan recipients must be classified as • Acquire machinery, equipment,
refer to the base rate in effect on the “small” by SBA. The basic size standards furniture, fixtures and leasehold
first business day of the month the are outlined below. A more in-depth improvements;
loan application is received by SBA. listing of standards can be found at • Finance receivables and augment
www.sba.gov/size. working capital;
7(a) Loan Maturities • Finance seasonal lines of credit;
SBA Size Standards have the following
SBA loan programs are generally • Acquire businesses;
general ranges: • Start up businesses;
intended to encourage longer term small • Manufacturing — from 500 to 1,500
business financing, but actual loan • Construct commercial buildings; and
employees • Refinance existing debt under certain
maturities are based on the ability to • Wholesale Trades — Up to 100 conditions.
repay, the purpose of the loan proceeds employees
and the useful life of the assets financed. SBA 7(a) loan proceeds cannot be used
• Services — $2 million to $35.5 million
However, maximum loan maturities for the purpose of making investments.
in average annual receipts
have been established: 25 years for real • Retail Trades — $7 million to $35.5
SBA proceeds cannot be used to
estate; up to 10 years for equipment million in average annual receipts provide funds to any of the owners
(depending on the useful life of the • Construction — $7 million to $33.5 of the business except for ordinary
equipment); and generally up to seven million in average annual receipts compensation for actual services
years for working capital. Short-term • Agriculture, Forestry, Fishing, and provided.
loans and revolving lines of credit are Hunting — $750,000 to $17.5 million
in average annual receipts Miscellaneous Factors
also available through the SBA to help
There is an alternate size standard The fourth factor involves a variety
small businesses meet their short-term
for businesses that do not qualify under of requirements such as SBA’s credit
and cyclical working capital needs.
their industry size standards for SBA elsewhere test and utilization of
Structure funding – tangible net worth personal assets requirements, where the
Most 7(a) loans are repaid with ($15 million or less) and average net business and its principal owners must
monthly payments of principal and income ($5 million or less for two use their own resources before getting a
interest. For fixed-rate loans the years). This new alternate makes loan guaranteed by SBA. It also includes
payments stay the same, whereas more businesses eligible for SBA loans SBA’s anti-discrimination rules and
for variable rate loans the lender can and applies to SBA non-disaster loan limitations on lending to agricultural
re-establish the payment amount programs, namely its 7(a) Business enterprises because there are other
when the interest rates change or at Loans and Development Company agencies of the federal government with
other intervals, as negotiated with programs. programs to fund such businesses.
the borrower. Applicants can request Generally, SBA loans must meet the
that the lender establish the loan with Nature of Business following criteria:
interest-only payments during the The second eligibility factor is based • Every loan must be for a sound
on the nature of the business and the business purpose;
start-up and expansion phases (when
process by which it generates income or • There must be sufficient invested
eligible) to allow the business time to
the customers it serves. The SBA has equity in the business so it can operate
generate income before it starts making on a sound financial basis;
full loan payments. Balloon payments general prohibitions against providing
• There must be a potential for long-
or call provisions are not allowed on any financial assistance to businesses
7(a) loan. The lender may not charge a involved in such activities as lending,
• The owners must be of good character
prepayment penalty if the loan is paid speculating, passive investment, and reputation; and
off before maturity, but the SBA will pyramid sales, loan packaging, • All loans must be so sound as to
charge the borrower a prepayment fee presenting live performances of a reasonably assure repayment.
if the loan has a maturity of 15 or more prurient sexual nature, businesses For more information, go to
years and is pre-paid during the first involved in gambling and any illegal www.sba.gov/apply.
three years. activity.
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 17
What To Take To The Lender SPECIAL PURPOSE 7(a) LOAN
Documentation requirements may For the Standard, Certified and PROGRAMS
vary; contact your lender for the Preferred methods, the applicant The 7(a) program is the most flexible
information you must supply. fills out SBA Form 4, and the lender of SBA’s lending programs. The agency
Common requirements include the completes SBA Form 4-1. When has created several variations to the
following: requests for guarantees are processed basic 7(a) program to address the
• Purpose of the loan using Express or Advantage methods, particular financing need of certain
• History of the business the applicant uses more of the regular small businesses. These special purpose
• Financial statements for three years forms of the lender and just has a few programs are not necessarily for all
• Schedule of term debts (existing federal forms to complete. When SBA businesses but may be very useful
businesses) receives a request that is processed to some small businesses. They are
• Aging of accounts receivable and through Standard or Certified generally governed by the same rules,
payable (existing businesses) Lender Program procedures, it either regulations, fees, interest rates, etc. as
• Projected opening-day balance sheet reanalyzes or reviews the lender’s the regular 7(a) loan guaranty. Lenders
(new businesses) eligibility and credit analysis before can advise you of any variations.
• Lease details
• Amount of investment in the business
deciding to approve or reject. For
by the owner(s) requests processed through Preferred SBAExpress
• Projections of income, expenses and Lender Program or Express programs, The SBAExpress guaranty is
cash flow as well as an explanation of the lender is delegated the authority to available to lenders as a way to obtain
the assumptions used to develop these make the credit decision without SBA’s a guaranty on smaller loans up to
projections concurrences, which helps expedite the $350,000. The program authorizes
• Personal financial statements on the selected, experienced lenders to use
principal owners mostly their own forms, analysis and
• Resume(s) of the principal owners and In guaranteeing the loan, the SBA
assures the lender that, in the event the procedures to process, service and
borrower does not repay the loan, the liquidate SBA-guaranteed loans. The
government will reimburse the lending SBA guarantees up to 50 percent of an
How the 7(a) Program Works SBAExpress loan. Loans under $25,000
Applicants submit their loan institution for a portion of its loss. By
providing this guaranty, the SBA is do not require collateral. The use of
application to a lender for the initial loan proceeds is the same as for any
review. The lender will generally review able to help tens of thousands of small
basic 7(a) loan. Like most 7(a) loans,
the credit merits of the request before businesses every year get financing
maturities are usually five to seven
deciding if they will make the loan they might not otherwise obtain.
years for working capital and up to
themselves or if they will need an SBA After SBA approval, the lender 25 years for real estate or equipment.
guaranty. If a guaranty is required, is notified that its loan has been Revolving lines of credit are allowed for
the lender will also review eligibility. guaranteed. The lender then will a maximum of seven years.
The applicant should be prepared to work with the applicant to make sure Nebraska District Office
complete some additional documents the terms and conditions are met 10675 Bedford Ave., Ste. 100
before the lender sends the request before closing the loan, disbursing the Omaha, NE 68134
for guaranty to the SBA. Applicants funds, and assuming responsibility 402-221-4691
who feel they need more help with the for collection and general servicing.
process should contact their local SBA The borrower makes monthly loan Patriot Express and Other Lending
district office or one of SBA’s resource payments directly to the lender. As with Programs For Veterans
partners for assistance. any loan, the borrower is responsible for The Patriot Express pilot loan
There are several ways a lender repaying the full amount of the loan in initiative is for veterans and members
can apply for a 7(a) guaranty from of the military community wanting to
a timely manner.
SBA. The main differences between establish or expand a small business.
these methods are related to the
documentation the lender provides, the What the SBA Looks for: Eligible military community members
• Ability to repay the loan on time from include:
amount of review the SBA conducts, • Veterans;
the projected operating cash flow;
the amount of the loan, and the lender’s • Owners and operators who are of good • Service-disabled veterans;
responsibilities in case the loan defaults character; • Active-duty servicemembers eligible
and the business’ assets must be • Feasible business plan; for the military’s Transition Assistance
liquidated. The methods are: • Management expertise and Program;
• Standard 7(a) Guaranty commitment necessary for success; • Reservists and National Guard
• Certified Lender Program • Sufficient funds, including the SBA members;
• Preferred Lender Program • Current spouses of any of the above,
guaranteed loan, to operate the
• Rural Lender Advantage including any servicemember;
business on a sound financial basis
• SBA Express • The widowed spouse of a
(for new businesses, this includes the servicemember or veteran who died
• Patriot Express resources to meet start-up expenses
• Export Express during service or of a service-connected
and the initial operating phase); disability.
• Small Loan Advantage • Adequate equity invested in the
• Community Advantage The Patriot Express loan is offered
business; and by SBA’s nationwide network of
• Sufficient collateral to secure the loan
private lenders and features the fastest
or all available collateral if the loan
turnaround time for loan approvals.
cannot be fully secured.
Loans are available up to $500,000 and
qualify for SBA’s maximum guaranty of
18 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
85 percent for loans of $150,000 or less Loan program (MREIDL) to help cover CAPLines
and 75 percent for loans over $150,000 operating costs due to the loss of an The CAPLines program is designed
up to $500,000. For loans above essential employee called to active duty. to help small businesses meet their
$350,000, lenders are required to accept short-term and cyclical working capital
all available collateral. Advantage Loans needs. The programs can be used to
The Patriot Express loan can be used In early 2011, SBA rolled out two finance seasonal working capital needs;
for most business purposes, including Advantage loan initiatives aimed finance the direct costs of performing
start-up, expansion, equipment at helping entrepreneurs and small certain construction, service and supply
purchases, working capital, and business owners in underserved contracts, subcontracts, or purchase
inventory or business-occupied real- communities gain access to capital. orders; finance the direct cost associated
estate purchases. Both offer a streamlined loan application with commercial and residential
Patriot Express loans feature SBA’s process and the regular 7(a) loan construction; or provide general working
lowest interest rates for business loans, guarantee for loans under $250,000. capital lines of credit. SBA provides up
generally 2.25 percent to 4.75 percent The Small Loan Advantage program to an 85 percent guarantee. There are
over prime depending upon the size is available to lenders participating in four distinct loan programs under the
and maturity of the loan. Your local the Preferred Lenders Program. SBA CAPLine umbrella:
SBA district office will have a listing of lenders who are not participating in the • The Contract Loan Program is used
Patriot Express lenders in your area. Preferred Lenders Program can contact to finance the cost associated with
More information is available at www. their local district office to apply. contracts, subcontracts, or purchase
sba.gov/patriotexpress. The Community Advantage pilot orders. Proceeds can be disbursed
Self-employed Reserve or Guard program opens up 7(a) lending to before the work begins. If used for one
members with an existing SBA loan can mission-focused, community-based contract or subcontract, it is generally
lenders – such as Community not revolving; if used for more than
request from their SBA lender or SBA one contract or subcontract at a time,
district office, loan payment deferrals, Development Financial Institutions
it can be revolving. The loan maturity
interest rate reductions and other relief (CDFIs), Certified Development is usually based on the length of the
after they receive their activation orders. Companies (CDCs), and microlenders contract, but no more than ten years.
The SBA also offers special low-interest- – that provide technical assistance Contract payments are generally sent
rate financing of up to $2 million when and economic development support in directly to the lender but alternative
an owner or essential employee is called underserved markets. structures are available.
to active duty through the Military More information on both programs is • The Seasonal Line of Credit Program
Reservist Economic Injury Disaster available at www.sba.gov/advantage. is used to support buildup of inventory,
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 19
accounts receivable or labor and maximum guaranty for any working position if the SBA determines there is
materials above normal usage for capital component of an ITL is $4 adequate assurance of loan payment.
seasonal inventory. The business million. Additionally, any other working • Additional collateral, including
must have been in business for a capital SBA loans the borrower has are personal guaranties and those assets
period of 12 months and must have a not financed with ITL proceeds, may
definite established seasonal pattern.
counted against the $4 million guaranty be appropriate.
The loan may be used over again limit.
after a “clean-up” period of 30 days
Use of Proceeds How to Apply
to finance activity for a new season. • A small business seeking an ITL must
• For the facilities and equipment
These also may have a maturity of up apply to an SBA-participating lender.
portion of the loan, proceeds may be
to five years. The business may not The lender will submit a completed
used to acquire, construct, renovate,
have another seasonal line of credit Application for Business Loan (SBA
modernize, improve or expand
outstanding but may have other lines Form 4), including all exhibits, to the
facilities or equipment in the U.S. to
for non-seasonal working capital needs. SBA. Visit www.sba.gov to find your
produce goods or services involved in
• The Builders Line Program provides local SBA district office for a list of
financing for small contractors or participating lenders.
• Working capital is an allowable use of
developers to construct or rehabilitate • A small business exporter wanting to
proceeds under the ITL.
residential or commercial property. qualify as adversely impacted from
• Proceeds may be used for the
Loan maturity is generally three import competition must submit
refinancing of debt structured with
years but can be extended up to supporting documentation that
unreasonable terms and conditions,
five years, if necessary, to facilitate explains that impact, and a plan with
including any debt that qualifies for
sale of the property. Proceeds are projections that explains how the loan
refinancing under the standard SBA
used solely for direct expenses of will improve the business’ competitive
7(a) Loan Program.
acquisition, immediate construction position.
and/or significant rehabilitation Loan Term
of the residential or commercial • Maturities on the working capital Export Express
structures. The purchase of the land portion of the ITL are typically limited SBA Export Express offers flexibility
can be included if it does not exceed 20 to 10 years. and ease of use to both borrowers and
percent of the loan proceeds. Up to 5 • Maturities of up to 10 years on
percent of the proceeds can be used for lenders. It is the simplest export loan
equipment unless the useful life product offered by the SBA and allows
physical improvements that benefit the exceeds 10 years.
property. participating lenders to use their own
• Maturities of up to 25 years are
• The Working Capital Line is forms, procedures and analyses. The
available for real estate.
a revolving line of credit (up to • Loans with a mixed use of fixed-asset SBA provides the lender with a response
$5,000,000) that provides short term and working-capital financing will within 36 hours.
working capital. These lines are have a blended-average maturity. This loan is subject to the same
generally used by businesses that loan processing, closing, servicing and
provide credit to their customers.
Disbursements are generally
Interest Rates liquidation requirements as well as the
based on the size of a borrower’s Lenders may charge between 2.25 to same maturity terms, interest rates and
accounts receivable and/or inventory. 2.75 percent above the prime rate (as applicable fees as for other SBA loans
Repayment comes from the collection published in the Wall Street Journal) (except as noted below).
of accounts receivable or sale of depending upon the maturity of the
inventory. The specific structure is loan. Interest rates on loans of $50,000 Guaranty Coverage
negotiated with the lender. There may and less can be slightly higher. The SBA provides lenders with a
be extra servicing and monitoring of 90 percent guaranty on loans up to
the collateral for which the lender can Exporter Eligibility $350,000 and a 75 percent guaranty
charge up to two percent annually to • Applicants must meet the same on loans more than $350,000 up to the
the borrower. eligibility requirements as for the maximum of $500,000.
SBA’s standard 7(a) Loan Program.
International Trade Loan Program • Applicants must also establish that
The SBA’s International Trade Loan Use of Proceeds
the loan will allow the business to Loan proceeds may be used for
(ITL) provides small businesses with expand or develop an export market
enhanced export financing options for business purposes that will enhance a
or, demonstrate that the business
their export transactions. It is designed has been adversely affected by import company’s export development. Export
to help small businesses enter and competition and that the ITL will allow Express can take the form of a term
expand into international markets the business to improve its competitive loan or a revolving line of credit. As
and, when adversely affected by import position. an example, proceeds can be used to
competition, make the investments fund participation in a foreign trade
necessary to better compete. The ITL Foreign Buyer Eligibility show, finance standby letters of credit,
offers a combination of fixed asset, Foreign buyers must be located in translate product literature for use in
working capital financing and debt those countries wherein the Export- foreign markets, finance specific export
refinancing with the SBA’s maximum Import Bank of the U.S. is not orders, as well as to finance expansions,
guaranty--- 90 percent --- on the total prohibited from providing financial equipment purchases, and inventory or
loan amount. The maximum loan assistance. real estate acquisitions, etc.
amount is $5 million in total financing.
Collateral Requirements Ineligible Use of Proceeds
Guaranty Coverage • Only collateral located in the Proceeds may not be used to finance
The SBA can guaranty up to 90 U.S. (including its territories and overseas operations other than those
possessions) is acceptable. strictly associated with the marketing
percent of an ITL up to a maximum
• First lien on property or equipment
of $4.5 million, less the amount of and/or distribution of products/services
financed by the ITL or on other assets
the guaranteed portion of other SBA of the business is required. However, exported from the U.S.
loans outstanding to the borrower. The an ITL can be secured by a second lien
20 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
Exporter Eligibility • Loan maturities are generally for 12 United States Export Assistance Center
Any business that has been in months or less. – USEAC
operation, although not necessarily in 200 W. Adams St., Ste. 2450
exporting, for at least 12 full months and Use of Proceeds Chicago, IL 60606
• To pay for the manufacturing costs of Contact: John Nevell
can demonstrate that the loan proceeds goods for export.
will support its export activity is eligible 312-353-8065 • 202-481-2281 Fax
• To purchase goods or services for email@example.com
for Export Express. export. This USEAC, located in Chicago, IL. For other
• To support standby letters of credit to Centers please refer to the SBA web site for
Foreign Buyer Eligibility act as bid or performance bonds. your state.
The exporter’s foreign buyer must be • To finance foreign accounts receivable.
a creditworthy entity and the methods of USEACs offer a full range of federal export
payment must be acceptable to the SBA Interest Rates programs and services from a number of
and the SBA lender. The SBA does not establish or federal agencies under one roof. Many
subsidize interest rates on loans. The locations have new-to-export programs
How to Apply interest rate can be fixed or variable and called E-TAP.
Interested businesses should contact is negotiated between the borrower and U.S. Commercial Service
their existing lender to determine if they the participating lender. Meredith Bond, Director
are an SBA Express lender. Lenders U.S. Commercial Service Omaha
that participate in SBA’s Express Advance Rates U.S. Department of Commerce
program are also able to make Export • Up to 90 percent on purchase orders. 6708 Pine St. MH 205
Express loans. Application is made • Up to 90 percent on documentary Omaha, NE 68182
letters of credit. 402-968-5672 • 402-554-3473 Fax
directly to the lender. Lenders use their
• Up to 90 percent on foreign accounts firstname.lastname@example.org
own application material in addition receivable. www.buyusa.gov/nebraska
to SBA’s Borrower Information Form. • Up to 75 percent on eligible foreign www.export.gov
Lenders’ approved requests are then inventory located within the U.S.
submitted with a limited amount of • In all cases, not to exceed the This Federal Agency provides assistance and
eligibility information to SBA’s National exporter’s costs. resources for Nebraska exporters. Services
Loan Processing Center for review. include: exporting counseling, market
Collateral Requirements information and research, partner searches,
Export Working Capital Program The export-related inventory and the trade missions, export finance information
The SBA’s Export Working Capital receivables generated by the export and referrals to other international agencies
Program (EWCP) assists lenders in sales financed with EWCP funds will and organizations. Ask to be put on the
meeting the needs of exporters seeking be considered adequate collateral. The Email list for Trade World - News for
short-term export working capital. SBA requires the personal guarantee Exporters
Exporters can apply for EWCP loans of owners with 20 percent or more Export-Import Bank of the United States
in advance of finalizing an export sale ownership. The official Export Credit Agency
or contract. With an approved EWCP of the U.S. Government
How to apply www.exim.gov
loan in place, exporters have greater
flexibility in negotiating export payment Application is made directly to SBA-
State of Nebraska
terms — secure in the assurance that participating lenders. Businesses are Department of Economic Development
adequate financing will be in place when encouraged to contact SBA staff at their Office of International Trade and Investment
the export order is won. local U.S. Export Assistance Center Nebraska International Business Center
(USEAC) to discuss whether they are 11133 O St.
Benefits of the EWCP eligible for the EWCP and whether it is Omaha, NE 68137
• Financing for suppliers, inventory or the appropriate tool to meet their export Contact: Joseph J. Chapuran
production of export goods. financing needs. Participating lenders 402-595-1416 or 800-426-6505 Toll Free
• Export working capital during long review/approve the application and 402-597-0194 Fax
payment cycles. submit the request to SBA staff at the email@example.com
• Financing for stand-by letters of credit
used as bid or performance bonds or
down payment guarantees.
U.S. Export Assistance Center
THE NATIONAL INSTITUTE
• Reserves domestic working capital for
the company’s sales within the U.S. (USEAC) OF STANDARDS AND
• Permits increased global There are 20 U.S. Export Assistance TECHNOLOGY (NIST)
competitiveness by allowing the
exporter to extend more liberal sales
Centers located throughout the www.nist.gov
U.S. They are staffed by SBA, U.S. Founded in 1901, NIST is a non-
terms. Department of Commerce and Export-
• Increases sales prospects in under- regulatory federal agency within
Import Bank of the U.S. personnel, the U.S. Commerce Department’s
developed markets which have high
capital costs for importers.
and provide trade promotion and Technology Administration. NIST’s
• Low fees and quick processing times. export-finance assistance in a single mission is to develop and promote
location. The USEACs also work closely measurements, standards, and
Guaranty Coverage with other federal, state and local technology to enhance productivity,
• Maximum loan amount is $5,000,000. international trade organizations to facilitate trade, and improve the quality
• 90 percent of principal and accrued provide assistance to small businesses. of life. NIST carries out its mission in
interest up to 120 days.
four cooperative programs:
To find your nearest USEAC, visit: • the NIST Laboratories, conducting
• Low guaranty fee of one-quarter of one www.sba.gov/content/us-export-assistance- research that advances the nation’s
percent of the guaranteed portion for centers. You can find additional export technology infrastructure and is
loans with maturities of 12 months or training and counseling opportunities by needed by U.S. industry to continually
contacting your local SBA office. improve products and services;
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 21
• the Baldrige National Quality with banks and other lenders to make • Collateral is typically a subordinate
Program, which promotes performance loans in first position on reasonable lien on the assets financed; allows
excellence among U.S. manufacturers, terms, helping lenders retain growing other assets to be free of liens and
service companies, educational customers and provide Community available to secure other needed
institutions, and health care providers; financing.
conducts outreach programs and
Redevelopment Act credit. • Long-term real estate loans are up to
manages the annual Malcolm Baldrige The SBA 504 loan is distinguished 20-year term, heavy equipment 10- or
National Quality Award which from the SBA 7(a) loan program in these 20-year term and are self-amortizing.
recognizes performance excellence and ways: Businesses that receive 504 loans are:
quality achievement; The maximum debenture, or long-term • Small — net worth under $15 million,
• the Manufacturing Extension Partner- loan, is: net profit after taxes under $5 million,
ship, a nationwide network of local • $5 million for businesses that create a or meet other SBA size standards.
centers offering technical and business certain number of jobs or improve the • Organized for-profit.
assistance to smaller manufacturers; local economy; • Most types of business — retail,
and • $5 million for businesses that meet a service, wholesale or manufacturing
• the Advanced Technology Program, specific public policy goal, including The SBA’s 504 certified development
which accelerates the development veterans; and companies serve their communities by
of innovative technologies for broad • $5.5 million for manufacturers and
national benefit by co-funding R&D financing business expansion needs.
energy public policy projects.
partnerships with the private sector Their professional staffs work directly
Recent additions to the program allow
NIST publishes a comprehensive with borrowers to tailor a financing
$5.5 million for each project that reduces
guide to European Metric Requirements. package that meets program guidelines
the borrower’s energy consumption by
Learn about the International Systems and the credit capacity of the borrower’s
at least 10 percent; and $5.5 million for
of Units, universally know as the SI at: business. For information, visit www.
each project that generates renewable
www.nist.gov/metric energy fuels, such as biodiesel or ethanol
production. Projects eligible for up to Nebraska Economic Development
Midwest International Trade Association $5.5 million under one of these two
(MITA) Corporation (NEDCO)
requirements do not have to meet the 1610 S. 70th St., Ste. 201
P.O. Box 461101 job creation or retention requirement, so
Papillion, NE 68046 Lincoln, NE 68506
long as the CDC portfolio average is at 402-483-4600 • 402-483-4623 Fax
least $65,000. firstname.lastname@example.org
• Eligible project costs are limited www.nedcoloans.org
MITA is an organization that to long-term, fixed assets such as
encourages the expansion of trade land and building (occupied by the Western Office (NEDCO)
between the Midwest and foreign borrower) and substantial machinery 419 10th St.
markets by sponsoring meetings, and equipment. Working capital is not Gothenburg, NE 69138
networking events, international trade an eligible use of proceeds, except in a 308-537-3100 • 707-294-8418 Fax
conferences, and educational seminars. temporary program which is scheduled email@example.com
MITA is a nonprofit organization made to expire on September 27, 2012.
• Most borrowers are required to make Community Development Resources
up of members from many fields relating
an injection (borrower contribution)
to international trade: Agriculture, of just 10 percent which allows
Export/ Import, Legal Services, the business to conserve valuable
285 S. 68th St. Place, Ste. 520
Banking, Government, Manufacturing, operating capital. A further injection Lincoln, NE 68510
Consulting, Information Technology, of 5 percent is needed if the business 402-436-2387 • 402-436-2439 Fax
Trading Companies, Construction, is a start-up or new (less than 2 www.cdr-nebraska.org
Insurance, Transportation, and years old), and a further injection of 5
Education. percent is also required if the primary
collateral will be a single purpose
building (such as a hotel). The Microloan program provides
CERTIFIED DEVELOPMENT • Two-tiered project financing: A lender small loans ranging from under $500
COMPANY LOAN PROGRAM finances approximately 50 percent of
the project cost and receives a first
to $50,000 to women, low-income,
minority, veteran, and other small
(504 LOANS) lien on the project assets (but no SBA
guaranty); A CDC (backed by a 100
business owners through a network
The 504 Loan program is an economic of approximately 160 intermediaries
percent SBA-guaranteed debenture) nationwide. Under this program, the
development program that supports finances up to 40 percent of the project
American small business growth and SBA makes funds available to nonprofit
costs secured with a junior lien. The
helps communities through business borrower provides the balance of the
intermediaries that, in turn, make the
expansion and job creation. This SBA project costs. small loans directly to entrepreneurs,
• Fixed interest rate on SBA loan. SBA including veterans. Proceeds can be
program provides long-term, fixed-
guarantees the debenture 100 percent. used for typical business purposes such
rate, subordinate mortgage financing
Debentures are sold in pools monthly as working capital, or the purchase of
for acquisition and/or renovation of furniture, fixtures, machinery, supplies,
to private investors. This low, fixed
capital assets including land, buildings rate is then passed on to the borrower equipment, and inventory. Microloans
and equipment. Some refinancing is and establishes the basis for the loan may not be used for the purchase of real
also permitted. Most for-profit small rate. estate. Interest rates are negotiated
businesses are eligible for this program. • All project-related costs can be between the borrower and the
The types of businesses excluded from financed, including acquisition (land intermediary. The maximum term for a
7(a) loans (listed previously) are also and building, land and construction of
building, renovations, machinery and
microloan is 7 years.
excluded from the 504 loan program. The program also provides business-
equipment) and soft costs, such as title
Loans are provided through Certified based training and technical assistance
insurance and appraisals. Some closing
Development Companies. CDCs work costs may be financed. to microborrowers and potential
22 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
microborrowers to help them be Southwest and Central Region: Community Development Resources
successful at starting or growing their Dena Beck, Business Specialist 285 S. 68th St. Place, Ste. 520
businesses. Such training and technical 1662 32 Rd. Lincoln, NE 68510
assistance may include general business Minden, NE 68959 402-436-2387 • 402-436-2439 Fax
education, assistance with business 308-528-0060 • 308-832-1811 Fax www.cdr-nebraska.org
planning industry-specific training, firstname.lastname@example.org Community Development Resources (CDR) is
and other types of training support. a 501c3 non-profit organization in Lincoln,
Entrepreneurs and small business Hispanic Business Center Specialist NE engaged in lending money, and providing
owners interested in small amounts Statewide training and technical assistance to small
of business financing should contact Nancy Flock business owners, micro-entrepreneurs, non-
215 S. Sycamore profit housing developers and human service
the nearest SBA District Office for
North Platte, NE 69101 agencies.
information about the nearest Microloan 308-534-3508
Program Intermediary Lender or go to
email@example.com Omaha Small Business Network (OSBN)
2505 N. 24th St.
Panhandle Region: Omaha, NE 68110
Center for Rural Affairs Jerry Terwilliger, Business Specialist 402-453-5336 • 402-451-2876 Fax
Rural Enterprise Assistance Project P.O. Box 284 Vicki Wilson Tederman, Executive Director
145 Main St./P.O. Box 136 Morrill, NE 69358 firstname.lastname@example.org
Lyons, NE 68038 308-247-9926 • 308-247-9926 Fax www.osbnbtc.org
402-687-2100 • 402-687-2200 Fax email@example.com The Omaha Small Business Network
www.cfra.org/reap (OSBN) is a community development
Nebraska West Central Nebraska corporation whose programs feature a
Jeff Reynolds Development District, Inc.
REAP Program Director business incubator, technical assistance,
201 E. 2nd St., Ste. C/P.O. Box 599 entrepreneurial training and business
P.O. Box 274 Ogallala, NE 69153
Plymouth, NE 68424-0274 financing for small businesses in the North
308-284-6077 • 308-284-6070 Fax and South Omaha areas. OSBN’s One
402-656-3091 • 402-656-3091 Fax Executive Director: Dave Jibben
firstname.lastname@example.org Stop Capital Shop Business Development
email@example.com program will provide gap financing for
West Central Nebraska Development District, small businesses and, in some cases, provide
Peggy Mahaney Inc. (WCNDD) is a nonprofit organization
REAP Administrative Assistant financing without the participation of a
covering an 18 county area in west central financial institution.
Center for Rural Affairs and southwest Nebraska. It is designated
145 Main St./P.O. Box 136
OTHER MICRO LENDING
by the U.S. Economic Development
Lyons, NE 68038 Administration as a “Certified Economic
Development District.” Its primary objective
is to foster the growth and well being of the RESOURCES
region through community and economic Nebraska Enterprise Fund
REAP Women’s Business Center development activities. This is achieved 330 North Oakland Avenue
Statewide by applying for state and federal funding Oakland, NE 68045
Monica Braun, REAP WBC Director for governmental entities individually or 402-685-5500 • 402-685-5550 Fax
239 South St., Ste. 3 as a whole. These funds are then used to Email: NEF@nebbiz.org
Seward, NE 68434-2548 develop programs that are offered for the www.nebbiz.org
402-643-2673 Phone & Fax benefit of the citizens and the governmental
firstname.lastname@example.org entities it serves. In 1993, West Central
Nebraska Development District, Inc. was
REAP Hispanic Business Center
chosen by the Small Business Administration INVESTMENT COMPANY
as a microloan lender participating in
Juan Sandoval, Director the SBA Microloan Program. The purpose
902 N. Victory Rd. of the program is to “...assist women,
Norfolk, NE 68701 There are a variety of alternatives to
low income, and minority entrepreneurs,
402-371-7786 Phone & Fax bank financing for small businesses. The
and business owners, and other such
email@example.com individuals possessing the capability to Small Business Investment Company
operate successful business concerns and (SBIC) program fills the gap between
Janelle Moran, Business Specialist to assist small business concerns in those what owners can fund directly and the
62424 729th Rd. areas suffering from a lack of credit due to needs of the small business for growth
Tecumseh, NE 68450 economic downturn.” capital. Licensed and regulated by the
402-335-3675 Phone & Fax The following counties are covered in
Nebraska: Arthur, Chase, Dawson, Dundy, SBA, SBICs are privately owned and
firstname.lastname@example.org managed investment funds that make
Frontier, Furnas, Gosper, Grant, Hayes,
Hitchcock, Hooker, Keith, Lincoln, Logan, capital available to qualifying U.S. small
Eugene Rahn, Senior Business Specialist McPherson, Perkins, Red Willow and Thomas. businesses. The funds raise private
206 6th Ave. capital and can receive SBA-guaranteed
Atkinson, NE 68713 leverage up to 3x private capital, with
402-925-2920 a leverage ceiling of $150 million per
email@example.com SBIC and $225 million for two or more
licenses under common control. Licensed
SBICs are for-profit investment firms
whose incentive is to share in the
success of a small business. The SBIC
program provides funding for a broad
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 23
range of industries. Some SBICs invest Health and Human Services; Homeland institution partnerships: Department
in a particular field or industry while Security; Transportation; Environmental of Defense; Department of Energy;
others invest more generally. For more Protection Agency; National Aeronautics Department of Health and Human
information, visit www.sba.gov/inv. and Space Administration; and National Services; National Aeronautics and
Space Administration; and National
SMALL BUSINESS SMALL BUSINESS
INNOVATION RESEARCH TECHNOLOGY TRANSFER SURETY BOND GUARANTEE
The Small Business Innovation PROGRAM
Research (SBIR) program encourages The Small Business Technology The Surety Bond Guarantee program
small businesses to advance their Transfer (STTR) program reserves is a public-private partnership between
technical potential from funds a specific percentage of federal R&D the federal government and surety
committed by federal agencies with large funding for award to small business and companies to provide small businesses
extramural research and development non-profit research institution partners. with the bonding assistance necessary
budgets. The SBIR program serves Central to the program is expansion of for them to compete for public and
to fund the critical startup and the public/private sector partnership to private contracting and subcontracting
development stages for a technology and include the joint venture opportunities opportunities. The guarantee provides
encourages commercialization of the for small business and the nation’s all incentives for sureties to bond small
technology, product or service. In turn, premier nonprofit research institutions. businesses that would otherwise be
Small business has long been where unable to obtain bonding. The program
this stimulates the U.S. economy.
innovation and innovators thrive, but is aimed at small businesses that lack
the risk and expense of conducting the working capital or performance
SBIR Requirements serious R&D efforts can be beyond
Small businesses must meet the track record necessary to secure bonding
the means of many small businesses. on a reasonable basis through regular
following eligibility criteria to participate Non-profit research laboratories
in the SBIR program. commercial channels.
are also instrumental in developing Through this program, the SBA
• Be 51 percent owned and controlled by
high-tech innovations, but frequently
one or more individuals who are U.S. guarantees bid, payment, performance
innovation is confined to the theoretical.
citizens or permanent resident aliens and ancillary bonds issued by surety
in the U.S. or be a for-profit business STTR combines the strengths of both
companies for individual contracts and
concern that is at least 51 percent entities by introducing entrepreneurial
skills to high-tech research efforts. subcontracts up to $2 million. The
owned and controlled by another SBA reimburses sureties between 70
for-profit business concern that is at The technologies and products are
least 51 percent owned and controlled transferred from the laboratory to the and 90 percent of losses sustained if a
by one or more individuals who are marketplace. The small business profits contractor defaults on the contract.
citizens of, or permanent resident from the commercialization, which, in The SBA has two program options
aliens in, the U.S. turn, stimulates the U.S. economy. available, the Prior Approval Program
• Be for-profit. (Plan A) and the Preferred Surety Bond
• Principal researcher must be employed STTR Requirements Program (Plan B). In the Prior Approval
by the small business. Small businesses must meet the Program, SBA guarantees 90 percent
• Company size cannot exceed 500 following eligibility criteria to participate of surety’s paid losses and expenses on
employees. in the STTR program. bonded contracts up to $100,000, and on
For more information on the SBIR • Be 51 percent owned and controlled by bonded contracts greater than $100,000
Program visit www.sba.gov/sbir. one or more individuals who are U.S. that are awarded to socially and
citizens or permanent resident aliens economically disadvantaged concerns,
U.S. Small Business Administration in the U.S.
Office of Technology HUBZone contractors, and veterans, and
• Be for-profit.
409 Third St. S.W., 8th Fl. service-disabled veteran owned small
• Principal researcher need not be
Washington, DC 20416 employed by the small business.
businesses. All other bonds guaranteed
202-205-6450 • Company size cannot exceed 500 in the Plan A Program receive an 80
employees. (No size limit for nonprofit percent guarantee. Sureties must obtain
Nebraska Business Development Center research institution). SBA’s prior approval for each bond
6708 Pine St. MH 200 L/M The nonprofit research institution guarantee issued. Under Plan B, SBA
Omaha, NE 68182 partner must also meet certain guarantees 70 percent, but sureties may
Jean Waters eligibility criteria: issue, monitor and service bonds without
402-554-6259 • Be located in the United States and be SBA’s prior approval.
firstname.lastname@example.org one of the following: Darryl Bellamy
Veronica Doga • Nonprofit college or university. Supervisory Surety Bond Specialist
402-554-6250 • Domestic nonprofit research 721 19th St., Ste. 426
http://nbdc.unomaha.edu/SBIR organization. Denver, CO 80201-0660
• Federally funded R&D center. 303-844-5231 ext. 261
Participating Agencies 303-844-6490 Fax
Each year, the following eleven Participating Agencies
federal departments and agencies are Each year the following five Federal
required to reserve 2.5 percent of their departments and agencies are required
extramural R&D funds for award to by STTR to reserve 0.3 percent of their
small businesses through the SBIR extramural R&D funds for award to
program: Departments of Agriculture; small business/nonprofit research
Commerce; Defense; Education; Energy;
24 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
U.S. Small Business Administration Loan Programs, Page A
Information accurate as of 12/01/2011 • All SBA programs and services are provided on a nondiscriminatory basis.
7(a) Loan Program
Program Maximum Use of Maximum Who Qualifies Benefit to
Amount Proceeds Maturity Interest Rate Structure Borrowers
Standard 7(a): $5 million to any Expansion/renovation; Depends on use of SBA sets a Term loan with one Must be for-profit Business able to
Applicant applies one business, new construction, proceeds and ability maximum rate payment of principal and meet SBA size obtain financing which
for business loan including affiliates purchase land or to repay. Generally for both variable and interest (P&I) standards; show otherwise would not be
to lender; Lender buildings; purchase working capital and and fixed rate each month. Interest good character, provided due to term,
applies to SBA equipment, machinery & loans (discuss variable or fixed credit, management, collateral, equity, and/or
for guaranty of fixtures, lease-hold equipment loans with lender or as negotiated with and ability to repay; time in business. Fixed
their proposed improvements; have 5-10 years; local SBA District lender. Cannot be must be an eligible maturity; No balloons;
loan if they working capital; real estate is up Office for current revolving. SBA type of business, No prepayment penalty
determine it is inventory, business to 25 years. Term information). charges a Guaranty use proceeds for if maturity under 15
necessary. Loan acquisition, start-ups negotiated with Fee ** eligible purpose, and years. Establish or
from lender, not and refinancing under lender. demonstrate that re-affirm business
SBA. certain conditions credit is not otherwise relationship with a
(discuss with lender). available. lender.
International Same as Acquire, renovate, Same as Same as Same as Standard Same as Standard Same as Standard
Trade: Long term Standard 7(a). modernize facilities Standard 7(a). Standard 7(a). 7(a). Maximum SBA 7(a) plus businesses 7(a) plus long-term
financing to help or equipment used in guaranty amount for must be engaged or financing for fixed
businesses making products or working capital is $4 preparing to engage assets used
engaged in services to be exported, million. in international to produce products
exporting or plus permanent working trade or adversely or services for export.
adversely capital and refinance affected by
impacted by debt not structured with competition from
imports. reasonable terms. imports.
Export Working Same as Short-term, Generally one year, Established Short term revolving Same as Standard Same as Standard
Capital Program: Standard 7(a). working-capital for but can be up to by lender. No line of credit based 7(a) plus must 7(a) plus provides
Single transaction exporters. Can be 3 years to match SBA established on borrowing have been in working capital to
or Revolving single transaction or a single transaction maximums. base or export business for at American Exporters
Working Capital revolving. Standby cycle. purchase orders. least one year and to perform on export
lines of credit for Letters of Credit for Monthly interest preparing to engage transactions and/
exporters. export purposes. payments; principal in or increase or finance export
payments based on international trade. receivables. Ability to
collection of foreign finance standby letters
receivables. of credit for export
CAPLines: Same as Finances: seasonal Up to 10 years. Same as Revolving line of Same as Standard Same as Standard 7(a)
Four different Standard 7(a). working capital needs, Standard 7(a). credit with monthly 7(a) plus a plus provides revolving
Revolving Lines direct cost to interest and business that needs working capital not
of Credit, perform assignable principal payments the specialized otherwise available
a/k/a Seasonal, contracts, construction based on when the proceeds this to perform on an
Contract Builders, costs of structure for business receives program offers. assignable contract, to
Working Capital resale, or advances the cash for doing cover seasonal needs,
against existing the activity the loan to build or renovate
inventory and proceeds financed. personal or commercial
receivables. space, and to obtain
funds against existing
current assets. Also
structured to meet
SBAExpress: $350,000. Same as a Standard Same as Standard Loans $350,000 Same as Standard Same as Same as Standard
Lender approves 7(a) or may be used 7(a) for term loans, or less: 7(a) except lender Standard 7(a). 7(a) plus Streamlined
the loan. for a revolving working Revolving lines of Prime + 6.5%. has more leeway to process; Easy-to-use
capital line of credit. credit up to 7 years. structure repayment line of credit and allows
Loans over under their own for a revolving feature
$50,000: rules. which Standard 7(a)
Prime + 4.5%. does not.
** The SBA charges the lender a guaranty fee based on the loan’s maturity and the dollar amount which is initially guaranteed.
The lender can pass this expense to the borrower and loan proceeds can be used to reimburse the lender.
The following chart explains the Agency’s guaranty fee charges
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 25
U.S. Small Business Administration Loan Programs, Page B Information accurate as of 12/01/2011
7(a) Loans, continued
Maximum Use of Maximum Benefit to
Program Amount Proceeds Maturity Interest Rate Structure Who Qualifies Borrowers
Export Express: $500,000. Same as SBA Express Same as Same as Same as Same as SBA Same as SBA
Lender approves plus can be used SBA Express. SBA Express. SBA Express. express plus loan Express plus provides
the loan. for Standby Letters proceeds must be lenders with a higher
of Credit for Export used to support percentage guaranty
Purposes. Debt export development which can encourage
Refinance is not activity. them to make more
allowed. loans to finance export
of small businesses.
of Credit are also
Patriot Express: $500,000. Same as Same as Same as Same as Same as Standard Same as SBA
Lender approves Standard 7(a). Standard 7(a). Standard 7(a). SBA Express. 7(a) plus must be Express plus provides
the loan. owned & controlled lenders with a higher
by one or more of percentage of guaranty
the following groups which can encourage
equaling at least them to make more
51% total ownership: loans to qualified
veteran, active-duty businesses.
or National Guard
member or spouse of
any of these groups,
or widowed spouse
of service member
or veteran who died
during service or of
Community $250,000. Same as Standard 7(a) Same as Same as Allows mission- Loan eligibility Borrowers in
Advantage: except cannot be used Standard 7(a). Standard 7(a) oriented lenders requirements are underserved markets
Alternative to refinance loans except allowable focused on same as for get more choices on
Lenders assisting made by or guaranteed “Spread” is + 4% economic Standard 7(a) loans, the types of lenders
businesses by the Dept. of over the base development but the business who can provide
located in areas Agriculture or loans rate. in underserved should be located them financing if their
with high needs. by SBA Micro-Lenders markets to apply for in an underserved financing needs an
using their SBA 7(a) guaranty on market . SBA guaranty and the
intermediary loan. loan they propose to technical assistance
make to an eligible needs of the applicant
small business. are assessed by the
Non 7(a) Loans
504 Loans: SBA portion up to For the acquisition of Either 10 or 20 year Check with local Financing from For profit businesses Fees under 3 percent;
Fixed Asset $5.0 million. long-term fixed-assets, term on the SBA/ SBA District 1. The CDC that do not exceed long-term fixed rate;
Project Financing refinancing long term CDC portion. Office for current Certified $15.0 million in low down payment;
provided from fixed asset debt under information. Development tangible net worth full amortization; no
three sources. certain conditions, and Company and do not have an balloons.
working capital on a 2. Third Party average net income
limited basis. Lenders over $5 million for the
3. Applicant past 2 years.
Micro-Loans $50,000 total Furniture, fixtures, Shortest term Check with local Loans through Same as 7(a) – plus Direct loans from
to one small supplies, inventory, possible, not to SBA District Office non- profit lending loans can be made nonprofit intermediary
business equipment, and exceed 6 years. for locations of organizations; to non-profit day lenders; Fixed-rate
borrower. working capital. locally available technical assistance care businesses. financing; Very
intermediary also provided. small loan amounts;
lenders and then Technical assistance
check with them. available.
Gross Size of Loan Fees Notes
7(a) Guaranty Loans of $150,000 or less (See Note 1)........................ ........2% of guaranteed portion, Lender is authorized to retain..............Maturities that exceed 12 months
$150,001 to $700,000 ...................................................... ......3% of guaranteed portion.................................................................Maturities that exceed 12 months
Fee Reference $700,001 to $5,000,000 (See Note 2) ............................ ......3.5% of guaranteed portion up to $1,000,000 PLUS 3.75% of.....Maturities that exceed 12 months
Chart the guaranteed portion over $1,000,000
Short Term Loans – up to $5 million ......................................0.25% of the guaranteed portion .....................................................Maturities of 12 months or less
NOTE 1: The guaranty fee on a $100,000 loan with an 85% guaranty would be 2% of $85,000 or $1,700, of which the lender would retain $425.
NOTE 2: The guaranty fee on a $2,000,000 loan with a 75% guaranty ($1.5 million guaranteed portion) would be, 3.5% of $1,000,000 ($35,000) PLUS 3.75% of $500,000 ($18,750), for a total of $53,750
26 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
MEET THE SBA 100
The U.S. Small Business Administration provides The SBA 100 isn’t just businesses that have received
small businesses with the tools and the resources SBA loans. In 1985, Qualcomm was a small
they need to grow and create jobs. This includes company proving R&D to the federal government,
access to capital, opportunities in government but not for long. In 1989, the company received
contracting, and counseling and training—otherwise funding from the Small Business Innovation
known as the “Three C’s” of capital, contracting, and Research (SBIR) program to hire engineers and begin
counseling. Since its inception in 1953, the SBA has developing microchips. This funding gave them
used the Three C’s to help millions of businesses, the freedom to innovate, explore, and transition
from shops on Main Street to high-growth, high- from contract research to consumer applications. In
impact firms. twenty years, Qualcomm has gone from 35 people
to a global workforce of 16,000 employees. The chip
In August, 2011, the SBA announced the SBA 100. department initially funded by the SBIR program
These one hundred businesses all used SBA products now makes up two-thirds of the company’s revenue.
to grow, and since then, each one has created at least
one hundred jobs—no small feat for a small business. There are also businesses that have benefited
You can find them at www.sba.gov/100. from SBA’s support for small business contracting.
Missouri’s World Wide Technology (WWT) enrolled
The SBA 100 is a cross section of the diverse array in SBA’s 8(a) Business Development program in
of businesses that stand to benefit from SBA 1992. The 8(a) program gave the company the
products. Some of the businesses in the SBA 100 tools it needed to compete for and win government
have grown to become household names. Others contracts. Now, WWT has over 1,300 employees in
may not be familiar, but they are still cornerstones 48 states and six countries, and its sales exceed
of their communities and drivers of job creation. $68 million.
There are businesses in a variety of industries, from
construction, to food and beverage, to manufacturing. The fact is, the SBA has something to offer, no
There are Main Street businesses—the shops and matter what kind of support you need or what kind
restaurants that we visit every day—as well as high- of business you own. Whether you’re just starting
growth, high-impact firms that are transforming our out, or you have been in business for decades, the
economy. Each business received SBA support, in SBA can help you take your business to the next
the form of capital, contracting, or counseling, before level. If you own a restaurant on Main Street, you
going on to create at least 100 jobs. can get a loan to expand. If you own a high-growth
firm, you can get the investment capital you need. If
A few businesses in the SBA 100 worked with you are looking to get into government contracting,
the SBA decades ago. For example, Columbia SBA can help you get started. And for every
Sportswear used an SBA loan in 1970 to increase business, SBA counselors are standing by to help you
its production capacity. At the time, it had forty along the way.
employees. Today Columbia Sportswear has over
3,000 employees and generates over $1 billion dollars This Resource Guide is a great place to learn
in revenue. Hard work and a little help from the more. In here, you can find details on all of SBA’s
SBA has made Columbia Sportswear into a global programs, from loans and capital, to contracting and
leader in outdoor apparel. counseling. You can also find SBA online at
www.sba.gov. SBA recently revamped its website,
Meanwhile, one of the youngest companies in the making the information and resources you need
SBA 100 is the Boathouse at Rockett’s Landing in much easier to find. Meanwhile, the SBA online
Richmond, Virginia. Owner Kevin Healy got an SBA Community, which you can find at
7(a) loan in 2009 to renovate an old power plant on community.sba.gov, puts the advice of thousands
the James River to open up his second restaurant. of small business owners like you at your fingertips.
He said the process was “quick, easy and painless You can also visit www.sba.gov/direct to find your
and done within approximately 60 days.” His SBA district office or local resource partner.
business has been growing steadily for the past two
years, and the Boathouse at Rockett’s Landing now Thanks for reading, and we’ll see you soon.
employs over 100 people.
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 27
Applying for Government Contracts
of goods or services has an anticipated
dollar value of at least $3,000 but not
exceeding $150,000, it is automatically
reserved for small businesses. The
acquisition will be set aside only if the
contracting officer determines there
are two or more responsible small
businesses that are competitive in
terms of market prices, quality and
delivery. Second, if an acquisition of
goods or services is more than $150,000,
and if it’s likely offers will be obtained
The U.S. government is the largest considering only price and the price from at least two responsible small
single purchaser of goods and services related factors included in the invitation businesses, and if awards will be made
in the world, buying everything from for bid. The second method, negotiation, at fair market prices, the acquisition
armored tanks to paper clips. Every involves issuing a request for proposal is reserved for exclusively for small
year, the federal government awards (RFP) or request for quotation (RFQ). business. Reasonable expectations of
more than $500 billion in contracts, and The business with the best proposal in small business competition may be
a significant share of those contracts are terms of technical content, best value, evaluated using past acquisition history
specifically allotted to small businesses. price and other factors generally wins of an item or similar items.
The Small Business Administration the contract. There are several exceptions and
(SBA) works with agencies to award at unique rules for specific kinds of small
least 23 percent of all prime government Types of Contracts businesses and industries. For Rearch
contracts to small businesses, with Firm fixed price contracts place the and Development (R&D) small business
specific statutory goals for small full responsibility for the costs and risk set-asides, there must be reasonable
disadvantaged businesses (SDV), of loss on the contractor. Firm fixed price expectation of obtaining from small
businesses that are women-owned contracts do not permit any adjustment businesses the best scientific and
(WO) or service-disabled veteran-owned on the basis of the contractor’s costs technological sources consistent with the
(SDVOSB), or businesses that are during the performance of the contract. demands of the proposed acquisition.
located in historically underutilized It provides maximum incentive for the For small business set-asides other
business zones (HUBZone). contractor to control costs and perform than for construction services, any
The agency ensures that small effectively and imposes a minimum business proposing to furnish a product
businesses have access to long-lasting administrative burden upon the that it did not manufacture must
development opportunities, which contracting parties. This type of contract furnish the product of a small business
means working with small businesses is used in all sealed bid and some manufacturer unless the SBA has
to help them stay competitive, as negotiated procurements. granted either a waiver or exception to
well as encouraging federal agencies Cost reimbursement contracts provide this requirement. In industries where
to award more contracts to small for the payment of allowable costs the SBA finds that there are no small
businesses. The SBA features outreach incurred by the contractor, to the extent business manufacturers, it may issue
programs, matchmaking events, and stated in the contract. The contract a waiver to the non-manufacturer rule.
online training opportunities; and helps establishes a ceiling price, above which Waivers permit small businesses to
agencies identify opportunities for small a contractor may not exceed without the provide any domestic firm’s product.
businesses. approval of the contracting officer. Cost
reimbursement contracts are used in Subcontracting
HOW GOVERNMENT research and development contracts. Subcontracting opportunities are a
Some contracts do not fit neatly great resource for small businesses,
CONTRACTING WORKS into these two categories, such as
time and material contracts (prices for
especially to those not ready to bid as
prime contractors. Experience gained
Sealed bidding vs. Negotiation
hourly wages are fixed but the hours from subcontracting with a federal
There are two methods the are estimated) and letter contracts prime contractor can better prepare
government uses to purchase goods and (authorizes a contractor to begin work businesses to bid for prime contracts.
services, sealed bidding and negotiation. on an urgent requirement). Current regulations stipulate for
The first method, sealed bidding,
contracts offering subcontracting
involves issuing an invitation for bid by Small Business Set-Asides opportunities over $650,000 for goods
a procuring agency. Under the sealed A “set-aside” for small businesses and services, or $1.5 million for
bidding method, a contract is awarded to reserves an acquisition exclusively for construction, large business prime
a responsible bidder who bid, conforming small business participation. There contractors must offer maximum
to the invitation for bids, will be most are two ways in which set-asides can practicable subcontracting opportunities
advantageous to the Government, be determined. First, if an acquisition
28 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
Andy Alexander, Manager PTAC
What You Should Know About Your Business Mary Graff, Procurement Consultant
To be eligible to bid on a federal www.sba.gov/size. Roger Johnson, Procurement Consultant
contract, you must know your PTAC
3. Do you fall under a specific Univ of Nebraska at Omaha
business. Answer the following three certification? 6708 Pine St. MH 200
questions: Under the umbrella of “small Omaha, NE 68182
1. Are you a small business? business,” SBA has outlined several 402-554-6253 • 402-554-3473 Fax
Is your small business: specific certifications that businesses email@example.com
• Organized for profit? may fall under. These certifications are firstname.lastname@example.org
• Located in the U.S.? divided into two categories: email@example.com
• Operated primarily within the U.S. SBA-Certified and Self-Certified.
or making a significant contribution The SBA-Certified Programs were Lincoln PTAC
to the U.S. economy through created to assist specific businesses Kate Carlin, Consultant
payment of taxes or use of American in securing federal contracts and 285 S. 68th St. Place, Ste. 550
products, materials, or labor? therefore can only be issued by SBA Lincoln, NE 68510
• Independently owned and operated? 402-472-1177
administrators. For the Self-Certified
• Not dominant in the field of firstname.lastname@example.org
Programs, you can determine for
operation in which it is bidding for
yourself if your business meets the Kearney PTAC
requirements by referring to the Scott Knapp, PTAC Kearney
• A sole proprietorship, partnership,
corporation, or any other legal form?
Federal Acquisition Regulations (FAR). West Center Bldg., Rm. 127E
If the first six criteria apply to your Just as Congress has given 1917 W. 24th St.
business, ask yourself the second federal agencies a goal of procuring Kearney, NE 68849-4440
important question to find out if 23 percent of federal contracts from 308-865-8244 • 308-865-8153 Fax
your business meets size standard small businesses, so too must federal email@example.com
requirements. agencies meet specific contracting goals
for other categories of small firms. Wayne PTAC
2. What is the size standard for your Vicky Jones, Consultant
business? These goals are:
• 5 percent of contracts go to Small Wayne State College
Size standards are used to Gardner Hall
determine whether a business is small • 5 percent go to Women-Owned Small 1111 Main St.
or “other than small.” Size standards Businesses Wayne, NE 68787
vary depending upon the industry. To • 3 percent go to Service-Disabled 402-375-7735 • 402-375-7574 Fax
determine the size standard for your Veteran-Owned Small Businesses
business, you will need a NAICS code. • 3 percent go to HUBZone Small
Every federal agency uses these codes Businesses
when considering your business. To Julie Ann Wilhelm Consultant
Federal agencies have a strong 816 Central Ave.
determine your NAICS code, go to incentive to fulfill these contracting Auburn, NE 68305
www.census.gov/eos/www/naics/. goals. You should apply for those 402-414-5077 • 402-414-5077 Fax
Some SBA programs require their SBA-Certified and Self-Certified firstname.lastname@example.org
own unique size standards. To find out programs for which you qualify to take
more about these requirements and
advantage of contracting opportunities.
other size standard information, go to
to small businesses. Large business
prime contractors must submit a
NBDC PROCUREMENT HUBZONE
subcontracting plan describing how they TECHNICAL ASSISTANCE The Historically Underutilized
will successfully subcontract to small CENTER (PTAC) Business Zones (HUBZone) program
helps small businesses located in
businesses. The Nebraska Business Development
To find subcontracting opportunities, distressed urban and rural communities,
Center’s Procurement Technical
a list of Federal prime solicitations are gain access to federal set-aside contracts
Assistance Center (PTAC) is a non-
listed under the U.S. Small Business profit organization that helps Nebraska and sole source contracts, as well as a
Administration Subcontracting Network businesses grow and generate new price evaluation preference in full and
(SUBNET) http://web.sba.gov/subnet/ business by locating opportunities for open contract competitions. There is a
search/index.cfm and www.gsa.gov/ business with the government. The statutory requirement that HUBZone
portal/ content/101195 General Services NBDC PTAC offers free consulting small business concerns be awarded not
Administration (GSA). Research the services to businesses in Nebraska less than 3 percent of the total value
list of prime contractors and determine wishing to compete and win contracts of all prime contract awards. The
which are best suited for your business. with the government. The program is HUBZone program also establishes
Develop a marketing strategy, and then partially funded by the Defense Logistics preference for award of federal contracts
contact the Small Business Liaison Agency, and helps Nebraska businesses to small businesses in these areas. To
Officer (SBLO) listed for each prime to generate millions of dollars in revenue qualify for the program, a business
each year. For more information on the (except those that are tribally-owned)
schedule an appointment.
services and classes offered through the must meet the following criteria:
PTAC, go to: http://ptac.unomaha.edu/
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 29
considered small disadvantaged business
concerns for federal contracting.
To be eligible for the 8(a) Business
Development program, a business must
meet the following criteria:
• It must be a small business by SBA
• It must be owned (at least 51 percent)
by one or more individuals who
qualify as socially and economically
disadvantaged, and who are US
citizens of good character;
• It must be controlled, managed, and
operated by one or more individuals
who qualify as disadvantaged, and;
• It must demonstrate potential for
success (generally by being in business
for at least two full years) before
Socially disadvantaged individuals
are those who have been subjected to
racial or ethnic prejudice or cultural
bias because of their identity as a
member of a group without regard
to their individual capabilities. The
following individuals are presumed
to be socially disadvantaged: Black
Americans, Native Americans, Alaska
Natives or Native Hawaiians, Hispanic
Americans, Asian Pacific Americans,
and Subcontinent Asian Americans. An
individual who is not a member of one of
• It must be a small business by SBA For additional information, visit www.
size standards sba.gov/hubzone. these groups must establish individual
• It must be owned and controlled at social disadvantage by a preponderance
least 51 percent by U.S. citizens, or a Nebraska HUBZone Contacts: of evidence. Economically disadvantaged
Community Development Corporation email@example.com 402-221-7205 individuals are socially disadvantaged
(CDC), an agricultural cooperative, or firstname.lastname@example.org 402-221-7229 individuals whose ability to compete
an Indian tribe
in the free-enterprise system has been
• Its principal office must be located SBA Procurement Center Representative
within a “Historically Underutilized and Commercial Market Representative impaired due to diminished capital
Business Zone,” which includes lands Dwight A. Johnson, and credit opportunities as compared
considered “Indian Country” and Procurement Center Representative to others in the same or similar
military facilities closed by the Base 10675 Bedford Ave., Ste. 100 line of business who are not socially
Realignment and Closure Act Omaha, NE 68134 disadvantaged.
• At least 35 percent of its employees 402-221-7206 • 402-221-3680 Fax
email@example.com Firms owned by Alaska Native
must reside in a HUBZone.
Corporations, Indian Tribes, Native
Existing businesses that choose to
move to qualified areas are eligible 8(a) BUSINESS DEVELOPMENT Hawaiian Organizations, and
Community Development Corporations
to apply for certification. To fulfill
the requirement that 35 percent of a can also apply to the SBA for 8(a)
HUBZone firm’s employees reside in The 8(a) Business Development business development assistance.
a HUBZone, employees must live in a program is a nine year program So that approved firms can obtain
primary residence at a place for at least established to assist eligible socially and training, counseling, and business
180 days, or as a currently registered economically disadvantaged individuals development assistance, SBA designates
voter, and with intent to live there develop and grow their businesses. a staff person at a local SBA District
indefinitely. Office, geographically near the business.
Business development assistance
SBA is responsible for:
• Determining whether or not individual includes one-to-one counseling, training SBA is responsible for:
workshops, and other management and • Determining whether a business
concerns are qualified HUBZone small
technical guidance. There is a statutory qualifies for the 8(a) Business
• Maintaining a list of qualified requirement that small disadvantaged
• Determining whether a business
HUBZone small business concerns business concerns be awarded not less continues to qualify, during the nine-
for use by acquisition agencies in than 5 percent of the total value of all year term.
awarding contracts under the program;
• Adjudicating protests and appeals
prime contract awards. All firms that • Approving Mentor/Protégé agreements
become eligible for SBA’s 8(a) business between 8(a) firms and large
of eligibility to receive HUBZone
development assistance are also businesses.
30 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
For additional information, visit To determine your eligibility, economically disadvantaged women-
www.sba.gov/8a. contact your local veterans business owned small businesses.
Nebraska District Office development officer, visit the To be eligible, a firm must be at least
10675 Bedford Ave., Ste. 100 various program websites, or contact 51 percent owned and controlled by one
Omaha, NE 68134 SBA’s Office of Veterans Business or more women. The women must be
Kathleen Piper 402-221-7205
Development at www.sba.gov/vets. U.S. citizens. The firm must be “small”
Lisa Tedesco 402-221-7229 in its primary industry in accordance
firstname.lastname@example.org WOMEN-OWNED SMALL with SBA’s size standards for that
BUSINESS FEDERAL CONTRACT industry. To be deemed “economically
SMALL DISADVANTAGED PROGRAM
disadvantaged” its owners must
demonstrate economic disadvantage in
BUSINESS On October 7, 2010, the SBA accordance with the requirements set
A Small Disadvantaged Business published a final rule effective February forth in the final rule. For additional
(SDB) is defined as a small business 4, 2011, aimed at expanding federal information, visit www.sba.gov/wosb.
that is at least 51 percent owned and contracting opportunities for women-
controlled by one or more individuals owned small businesses. The Women-
who are socially and economically Owned Small Business Federal Contract
disadvantaged. program authorizes contracting officers
There is a federal government-wide to set aside certain federal contracts for
goal of awarding at least 5 percent of
eligible women-owned businesses and
prime contracting dollars to SDBs each
year. Large prime contractors must also
establish a subcontracting goal for SDBs
in their Subcontracting Plans.
Firms self-certify as SDB without
submitting any application to SBA;
however, firms approved by SBA into
the 8(a) Business Development program
are automatically certified as an SDB.
To self-certify, firms should update
their Central Contractor Registration
(CCR) profiles and their Online
Representations and Certifications
Application (ORCA) profiles, at www.bpn.
gov/ccr/ and https://orca.bpn.gov, making
sure that both profiles reflect their SDB
OWNED SMALL BUSINESS
The Service-Disabled Veteran-
Owned Small Business (SDVOSB)
program has a federal government-wide
goal of awarding at least 3 percent
of prime and subcontracting dollars
to Service-Disabled Veteran-Owned
Small Businesses each year. Large
prime contractors must also establish a
subcontracting goal for Veteran-
Owned Small Businesses in their
Subcontracting Plans. These
subcontracting goals are reviewed at
time of proposal by both the contracting
officer and SBA prior to the award of a
When a business’s SDVOSB self-
certification is challenged, SBA
determines if the business meets
the status, ownership, and control
requirements. The SDVOSB Protest is
administered by SBA to ensure that only
businesses owned by service-disabled
veterans receive contracts reserved
exclusively for them.
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 31
GETTING STAR TED IN CONTRACTING
Once you have identified the the database for prospective vendors. The of government. Businesses interested in
important information regarding your CCR is at www.ccr.gov. becoming GSA schedule contractors
business, it is time to start the process of After completing registration, you will should review the information available
procuring a government contract. be asked to enter your small business at www.gsa.gov/schedules.
1. Identify your DUNS (Data Universal profile information through the SBA 8. Make Sure Your Business is
Numbering System) number Supplemental Page. The information Financially Sound
To register your business, obtain a DUNS will be displayed in the Dynamic Small This critical step is absolutely necessary
number used to identify and track Business Search. to make sure that your business is
millions of businesses. You can obtain Creating a profile in CCR and keeping financially prepared for the journey
ahead. Even if you are able to obtain a
your free DUNS number when it current ensures your firm has access
registering with the CCR (Central government contract, you will not be
to federal contracting opportunities.
Contractor Registration) at www.ccr.gov receiving all of the money at once. It
Entering your small business profile, helps to have a clear plan of how your
or by contacting Dun & Bradstreet at including your business information and
www.dnb.com. business will stage the benefits of the
key word description, allows contracting contract.
2. Identify your EIN officers, prime contractors, and buyers
(Employer Identification Number) 9. Search FedBizOpps for contracting
from state and local governments to opportunities
An EIN, otherwise known as a federal tax
learn about your company. Federal Business Opportunities, or
identification number, is generally
6. Use ORCA (Online Representations FedBizOpps, is an online service operated
required of all businesses. For more
and Certifications Application) by the federal government that
information, go to www.irs.gov. Prospective contractors must complete
3. Identify your NAICS (North American announces available business
(electronically or through submission of opportunities. FedBizOpps helps identify
Industry Classification) codes paperwork) representations and
The NAICS codes are used to classify the the needs of federal agencies and
certifications for small business size and available contracting opportunities. To
industry a particular business occupies. program status as part of the process
You will need at least one NAICS code to begin searching for contracting
that registers the business for federal opportunities, go to www.fbo.gov.
complete your registration, but be sure to contracting opportunities. To make this
list as many as apply. You may also add 10. Marketing Your Business
process easier for everyone involved, the Registering your business is not enough
or change NAICS codes at any time. To government developed ORCA, where
find NAICS code, visit to obtain a federal contract; you will need
generally, businesses can complete all of to market your business to attract federal
www.census.gov/eos/www/naics/. the paperwork online. To begin this
4. Identify your SIC (Standard Industrial agencies. Tips for good marketing are:
process, first register your firm in CCR, • Determine which federal agencies buy
Classification) codes then go to www.orca.bpn.gov.
The SIC codes are four-digit numbers your product or service, and
7. Register with the GSA Schedule get to know them;
that are used to classify the industry a The GSA (General Services
particular business occupies. While • Identify the contracting procedures of
Administration) Multiple Award Schedule those agencies;
NAICS codes have largely replaced SIC (aka Federal Supply Schedule) is used by
codes, you will still need to provide your • Focus on opportunities in your niche
GSA to establish long-term, government- and prioritize them.
SIC code. SIC codes can be found at wide contracts with commercial firms.
www.osha.gov/pls/imis/sicsearch.html. Although not required, you may
Once these contracts are established,
5. Register with the CCR (Central want to obtain a PSC (Product Services
government agencies can order the
Contractor Registration) supplies and services they need directly
Code) and/or a FSC (Federal Supply
The CCR is an online federal from the firms through the use of an Classification). These codes provide
government-maintained database of online shopping tool. Becoming a GSA additional information about the
companies wanting to do business with schedule contractor increases your services and products your business
the federal government. Agencies search opportunity for contracts across all levels offers.
ADDITIONAL PROCUREMENT RESOURCES
The following federal procurement business. government. To find a PTAC in your
resources may also be of assistance: • PCRs (Procurement Center state, go to www.dla.mil/SmallBusiness/
• The Certificates of Competency Representatives) and CMRs Pages/ptap.aspx.
program allows a small business, that (Commercial Marketing • Department of Defense (The DoD is
is the apparent successful offeror, Representatives): PCRs work to the largest purchaser of goods from
to appeal a contracting officer’s non- increase the small business share small businesses):
responsibility determination that it is of federal procurement awards. www.acq.osd.mil/sadbu
unable to fulfill the requirements of CMRs offer many services to small • Office of Federal Procurement Policy:
a specific government contract. The businesses, including counseling on www.whitehouse.gov/omb/procurement
SBA will conduct a detailed review how to obtain subcontracts. To find a • Acquisition Forecast:
of the firm’s technical and financial PCR or CMR near you, go to www.acquisition.gov/comp/procurement
capabilities to perform on the www.sba.gov/sba-direct. _forecasts/index.html
contract. If the business demonstrates • PTACs (Procurement Technical • Federal Supply Schedule (FSS):
the capability to perform, the SBA Assistance Centers): PTACs www.gsa.gov
issues a Certificate of Competency provide assistance to businesses • GSA Center for Acquisition
to the contracting officer, requiring that want to sell products and Excellence: www.gsa.gov/portal/
award of that contract to the small services to federal, state, and/or local content/103487
32 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
SBA DISASTER ASSISTANCE
Knowing the Types of Assistance Available for Recovery
he Disaster Assistance Military Reservist Economic Injury The page provides links to resources
Program is SBA’s largest Disaster Loans (MREIDLs) are working to help you put together your own
direct loan program, and capital loans for small businesses emergency plan, preparedness tips,
the only form of SBA adversely affected when an essential and fact sheets about SBA recovery
assistance not limited to employee is called up to active duty assistance for homeowners, renters,
small businesses. SBA is responsible by the National Guard or Reserves. businesses of all sizes and private,
for providing affordable, timely and An “essential employee” is defined nonprofit organizations.
accessible financial assistance to as an individual (whether or not the Additionally, to help small businesses
homeowners, renters, businesses of all owner of the small business) whose with their preparedness planning, SBA
sizes and private, nonprofit organizations managerial or technical skill is critical has teamed up with Agility Recovery
following declared disasters. By law, to the successfully daily operation Solutions to offer business continuity
governmental units and agricultural of the business. The loan limit is $2 strategies for entrepreneurs via their
enterprises are ineligible. million, and the funds may be used to “PrepareMyBusiness” website. In
The SBA offers two types of disaster pay necessary operating expenses as addition to offering practical disaster
loans—Physical and Economic Injury they mature until operations return to preparedness tips, Agility is the co-host
Disaster Loans. normal after the essential employee is (with SBA) of a monthly disaster
Home Physical Disaster Loans up released from active military duty. The planning webinar for business owners.
to $200,000 are available to eligible MREIDLs cannot be used to replace lost Previous webinar topics have included
homeowners to repair or replace to profits. discussions on crisis communications,
its pre-disaster condition damaged or For all disaster loans, SBA can only testing your recovery plan, and using
destroyed real estate not fully covered approve loans to applicants having a social media to enhance business
by insurance. Renters and homeowners credit history acceptable to SBA and recovery. Visit www.preparemybusiness.
alike may borrow up to $40,000 to repair who also show the ability to repay the org to get the schedule for future
or replace clothing, furniture, cars, loans. The loan terms are established webinars, view archived webinars, and
appliances, etc., that were damaged or in accordance with the borrower’s for more disaster planning tips.
repayment ability. The law gives SBA
destroyed in the disaster. As small businesses are leading
several powerful tools to make disaster
Business Physical Disaster Loans up America’s economic recovery, many of
loans affordable: low interest rates
to $2 million are available to qualified them are investing time and money
(around 4 percent), long terms (up to
businesses or private, nonprofit into their plans to grow and create
30 years), and refinancing of prior liens
organizations of any size to help (in some cases). As required by law, the jobs. Developing a strong disaster
restore or replace damaged real estate, interest rate for each loan is based on preparedness plan should be a critical
inventory, machinery, equipment and SBA’s determination of whether the and integral piece of those efforts.
other business assets to its pre-disaster applicant has credit available elsewhere Planning for a disaster is the best way of
condition. (the ability to borrow or use their own limiting its effects.
The SBA can also lend additional resources to recover after the disaster).
funds to homeowners and businesses More information on all of SBA’s Additional Resources
to help with the cost of making disaster assistance programs, including The SBA has partnered with the
improvements that protect, prevent information for military reservists, is American Red Cross to increase
or minimize the same type of disaster available at www.sba.gov/disaster. awareness in the business community
damage from occurring again. about the Red Cross Ready Rating™
Economic Injury Disaster Loans Disaster Preparedness program. Ready Rating (www.readyrating.
(EIDLs) are working capital loans For small businesses, surviving a org) is a free, self-paced, web-based
available to qualified small businesses, disaster doesn’t begin with clearing the membership program that helps a
private nonprofit organizations of all debris and returning to work. business measure its ability to deal
sizes and small agricultural cooperatives With proper planning, surviving with emergencies, and gives customized
that suffered financial losses because begins long before the disaster strikes— feedback on how to improve those efforts.
of the disaster, regardless of physical or before active-duty orders are received. Additional information on developing
damage. The SBA can lend up to $2 Your planning should include insurance an emergency plan is available at the
million to provide the necessary working coverage, emergency power, protection federal government’s preparedness
capital to help small businesses pay fixed of company records, fire safety, medical website www.ready.gov.
debts, payroll, accounts payable and emergencies, taking care of your The Institute for Business and Home
other bills that could have been covered employees and continuity planning – Safety (www.disastersafety.org ) has useful
had the disaster not occurred. The loan how your business will continue during tips on protecting your home or business.
is not intended to replace lost sales or and after the emergency or disaster.
profits. The combined limit for economic Starting is as easy as clicking on the
injury and physical damage assistance disaster preparedness page of SBA’s
for businesses is $2 million. website at www.sba.gov/content/disaster-
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 33
ADVOCACY AND OMBUDSMAN Watching out for small business interests
OFFICE OF ADVOCACY nonprofit organizations), and consider
regulatory alternatives that minimize
owners, nonprofit organizations and
small government entities. Comments
The SBA’s Office of Advocacy, the the economic burden on small entities. are forwarded to federal agencies for
“small business watchdog” of the Advocacy’s mission is enhanced by review, and in some cases fines may
ADVOCACY AND OMBUDSMAN
government, examines the role and a team of regional advocates, located be lowered or eliminated and decisions
status of small business in the economy in the SBA’s 10 regions. They are changed in favor of the small business
and independently represents the Advocacy’s direct link to small business owners. Each year the National
views of small business to federal owners, state and local government Ombudsman files a report with the
agencies, Congress, the President and entities, and organizations that U.S. Congress on the responsiveness
federal appellate courts as friends support the interests of small entities. of federal agencies regarding their
of the court. Advocacy compiles and The regional advocates help identify actions of regulatory and compliance
interprets statistics on small business regulatory concerns of small business enforcement on small businesses.
and is the primary entity within the by monitoring the impact of federal and To request help, send the National
federal government to disseminate small state policies at the grassroots level. Ombudsman a complete Federal Agency
business data. Learn more about the Office of Comment Form. You may do this
Headed by the Chief Counsel for Advocacy at www.sba.gov/advocacy. by fax at 202-481-5719; online at the
Advocacy, the office also funds outside Ombudsman’s Web page:
OFFICE OF THE NATIONAL
research of small business issues www.sba.gov/ombudsman; or by mail at
and produces numerous publications 409 Third Street S.W., Mail Code 2120,
to inform policy makers about the
important role of small business
OMBUDSMAN Washington, DC 20416.
If excessive fines, penalties or The Ombudsman also coordinates
in the economy and the impact of 10 Regional Regulatory Fairness
unfair regulatory enforcement by
government policies on small business. Boards which meet regularly to receive
federal agencies are problems for your
In addition, the office monitors federal comments about federal regulations
small business, you have a voice in
agency compliance with the Regulatory affecting small businesses.
Washington, D.C. through the SBA’s
Flexibility Act – the law that requires Learn more about the National
Office of the National Ombudsman.
agencies to analyze the impact of their Ombudsman from the Web site above or
The Ombudsman receives
proposed regulations on small entities call 888-REG-FAIR.
comments regarding federal regulatory
(including small businesses, small
enforcement from small business
governmental jurisdictions and small
34 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
ADDITIONAL RESOURCESTaking care of start up logistics
Business Interruption – While
property insurance may pay enough
to replace damaged or destroyed
equipment or buildings, how will you
pay costs such as taxes, utilities and
other continuing expenses during the
period between when the damage occurs
and when the property is replaced?
Business Interruption (or “business
income”) insurance can provide sufficient
funds to pay your fixed expenses during
a period of time when your business is
“Key Man” – If you (and/or any
other individual) are so critical to
the operation of your business that it
cannot continue in the event of your
ven if you are running a your business is based. If you are a illness or death, you should consider
small home-based business, corporation, you’ll need to check with the “key man” insurance. This type of
you will have to comply with state. policy is frequently required by banks
many of the local, state, and or government loan programs. It also
federal regulations. Avoid the
temptation to ignore regulatory details.
BUSINESS INSURANCE can be used to provide continuity in
operations during a period of ownership
Like home insurance, business transition caused by the death,
Doing so may avert some red tape in the
insurance protects your business against incapacitation or absence due to a Title
short term, but could be an obstacle as
fire, theft and other losses. Contact your 10 military activation of an owner or
your business grows. Taking the time
insurance agent or broker. It is prudent other “key” employee.
to research the applicable regulations is
for any business to purchase a number Automobile – It is obvious that
as important as knowing your market.
of basic types of insurance. Some types a vehicle owned by your business
Bear in mind that regulations vary by
of coverage are required by law, others should be insured for both liability and
industry. If you’re in the food-service
simply make good business sense. The replacement purposes. What is less
business, for example, you will have to
types of insurance listed below are obvious is that you may need special
deal with the health department. If you
among the most commonly used and are insurance (called “non-owned automobile
use chemical solvents, you will have
merely a starting point for evaluating coverage”) if you use your personal
environmental compliances to meet.
the needs of your business. vehicle on company business. This
Carefully investigate the regulations
Liability Insurance – Businesses policy covers the business’ liability for
that affect your industry. Being out of
may incur various forms of liability in any damage which may result for such
compliance could leave you unprotected
conducting their normal activities. One usage.
legally, lead to expensive penalties and
of the most common types is product Officer and Director – Under most
jeopardize your business.
liability, which may be incurred when state laws, officers and directors of a
a customer suffers harm from using corporation may become personally
the business product. There are many liable for their actions on behalf of the
There are many types of licenses, both other types of liability, which are company. This type of policy covers this
state and local as well as professional. frequently related to specific industries. liability.
Depending on what you do and where Liability law is constantly changing. Home Office – If you are establishing
you plan to operate, your business may An analysis of your liability insurance an office in your home, it is a good idea
be required to have various state and/ needs by a competent professional is to contact your homeowners’ insurance
or municipal licenses, certificates or vital in determining an adequate and company to update your policy to include
permits. appropriate level of protection for your coverage for office equipment. This
Licenses are typically administered by business. coverage is not automatically included in
a variety of state and local departments. Property – There are many different a standard homeowner’s policy.
Consult your state or local government types of property insurance and levels
of coverage available. It is important
to determine the property you need TAXES
FICTITIOUS BUSINESS NAME to insure for the continuation of your
business and the level of insurance you
Taxes are an important and complex
aspect of owning and operating a
Registering your business name, after need to replace or rebuild. You must also successful business. Your accountant,
doing a search to make sure that it is understand the terms of the insurance, payroll person, or tax advisor may be
not already in use, protects you from including any limitations or waivers of very knowledgeable, but there are still
others who might want to use the same coverage. many facets of tax law that you should
name. For more information, contact the know. The Internal Revenue Service is a
county clerk’s office in the county where
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 35
1120). You will also be required to report
your earnings from the corporation
including salary and other income such
as dividends on your personal federal
income tax return (Form 1040).
FEDERAL PAYROLL TAX
Federal Withholding Tax: Any
business employing a person must
register with the IRS and acquire an
EIN and pay federal withholding tax at
least quarterly. File Form SS-4 with the
IRS to obtain your number and required
tax forms. Call 800-829-3676 or
800-829-1040 if you have questions.
IRS WEB PRODUCTS FOR
For the most timely and up-to-date
tax information, go to www.irs.gov/
great source for tax information.
Small Business/Self-Employed Tax
The IRS has publications, counselors
and workshops available to help you sort
VIRTUAL SMALL BUSINESS
Center: www.irs.gov/businesses/small/ it out. For more information, contact the WORKSHOP
index.html IRS at 800-829-1040 or www.irs.gov. www.tax.gov/virtualworkshop/
When you are running a business, you The Virtual Small Business Tax
don’t need to be a tax expert. However,
you do need some tax basics. IRS Small
SALES TAX EXEMPTION Workshop is the first of a series of video
Business/Self-Employed Tax Center CERTIFICATE products designed exclusively for small
business taxpayers. This workshop helps
gives you the information you need to If you plan to sell products, you will business owners understand federal tax
stay tax compliant so your business can need a Sales Tax Exemption Certificate.
obligations. The Virtual Small Business
thrive. It allows you to purchase inventory, or
Workshop is available on CD www.irs.
Small Business Forms and Publications materials, which will become part of the
product you sell, from suppliers without gov/businesses/small/article/0,,id=
paying taxes. It requires you to charge 101169,00.html and online www.
99200,00.html irsvideos.gov/virtualworkshop/ if you
Download multiple small business and sales tax to your customers, which you
are responsible for remitting to the are unable to attend a workshop in
self-employed forms and publications.
state. You will have to pay penalties if person. Small business workshops are
designed to help the small business
FEDERAL PAYROLL TAX it is found that you should have been
taxing your products and now owe back owner understand and fulfill their
(EIN NUMBERS) taxes to the state. For information on federal tax responsibilities. Workshops
An Employer Identification Number sales tax issues, contact your state’s are sponsored and presented by IRS
(EIN),also known as a Federal Employer government. partners who are federal tax specialists.
Identification Number (FEIN), is used Workshop topics vary from a general
to identify a business entity. Generally,
businesses need an EIN to pay federal
FEDERAL INCOME TAX overview of taxes to more specific topics
such as recordkeeping and retirement
withholding tax. Like the state income tax, the method plans. Although most are free, some
You may apply for an EIN in various of paying federal income taxes depends
workshops have fees associated with
ways, one of which is to apply online. upon your legal form of business.
them. Fees for a workshop are charged
www.irs.gov/businesses/small/article/0,,id= Sole Proprietorship: You must file
IRS Federal Form Schedule C along by the sponsoring organization, not the
102767,00.html. This is a free service IRS.
offered by the Internal Revenue Service. with your personal Federal Income
Tax return (Form 1040) and any other The IRS’s Virtual Small Business
Call 800-829-1040 if you have questions. Tax Workshop is an interactive
You must check with your state to applicable forms pertaining to gains or
losses in your business activity. resource to help small business owners
determine if you need a state number or learn about their federal tax rights
charter. Partnership: You must file a Federal
Partnership return (Form 1065). This and responsibilities. This educational
is merely informational to show gross product, available online and on CD,
FEDERAL and net earnings of profit and loss. Also, consists of nine stand-alone lessons
SELF-EMPLOYMENT TAX each partner must report his share of
partnership earnings on his individual
that can be selected and viewed in any
sequence. A bookmark feature makes it
Every employee must pay Social Form 1040 based on the information
Security and Medicare coverage. If you possible to leave and return to a specific
from the K-1 filed with the Form 1065. point within the lesson. Users also have
are self-employed, your contributions are Corporation: You must file a Federal
made through the self-employment tax. access to a list of useful online references
Corporation Income Tax return (Form that enhance the learning experience by
36 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
allowing them to view references and • verify Social Security Numbers system that electronically verifies the
the video lessons simultaneously. through the Social Security Number Social Security number and employment
Tax Calendar for Small Businesses Verification Service, used for all eligibility information reported on Form
and Self-Employed (Publication 1518) employees prior to preparing and I-9. E-Verify is voluntary in most states
submitting Forms W-2. and there is no charge to use it.
176080,00.html If you are an employer or employee
The Tax Calendar for Small
Health Insurance and would like more information about
Compare plans in your area at the E-Verify program, please visit
Businesses and Self-Employed contains
www.healthcare.gov. www.dhs.gov/E-Verify or contact our
useful information on general business
Customer Support staff: 1-888-464-4218
taxes, IRS and SSA customer assistance,
Employee Insurance Monday – Friday 8 am – 5 pm.
electronic filing and paying options, If you hire employees you may be E-mail: email@example.com
retirement plans, business publications required to provide unemployment or
and forms, common tax filing dates, and
federal legal holidays.
workers’ compensation insurance.
SAFETY & HEALTH
WORKPLACE DISABILITY REGULATIONS
SOCIAL SECURITY CARDS PROGRAMS
All businesses with employees
are required to comply with state
All employees must have a social Americans with Disabilities Act and federal regulations regarding
security card. It must be signed by its (ADA): For assistance with the ADA, call the protection of employees. The
owner, and you should always ask to 800-669-3362 or visit www.ada.gov. Occupational Safety and Health
see and personally record the social Administration outlines specific health
security number. Failure to do so may
cause your employee to lose benefits and U.S. CITIZENSHIP AND and safety standards adopted by the
U.S. Department of Labor.
considerable trouble for yourself in back Federal Occupational Safety
tracking to uncover the error. The Federal Immigration Reform and & Health Administration (OSHA)
Each payday, your employees must Control Act of 1986 requires employers Omaha Office
receive a statement from you telling to verify employment eligibility of 402-221-3182 or 800-642-8963
them what deductions were made new employees. The law obligates
an employer to process Employment Use of hazardous substances in businesses
and how many dollars were taken out
Eligibility Verification Form I-9. The is highly regulated and there are heavy fines
for each legal purpose. This can be for non-compliance. For more information,
presented in a variety of ways, including U.S. Citizenship and Immigration
on the check as a detachable portion Services Office of Business Liaison offers Nebraska Department of
or in the form of an envelope with the a selection of information bulletins and Environmental Quality
items printed and spaces for dollar live assistance through the Employer The Atrium, Ste. 400
deductions to be filled in. Hotline. For forms call 800-870-3676, for 1200 N. St./P.O. Box 98922
the Employer Hotline call 800-357-2099. Lincoln, NE 68509-8922
Internal Revenue Service 402-471-2186 • 402-471-2909 Fax
EMPLOYEE CONSIDERATIONS 1616 Capitol Ave., Ste 435
Taxes Omaha, NE 68102
or BUILDING CODES, PERMITS
If you have any employees, including
officers of a corporation but not the sole
100 Centennial Mall N. AND ZONING
Lincoln, NE 68508
proprietor or partners, you must make It is important to consider zoning
periodic payments towards, and/or file Toll Free Tax Information 800-829-1040 regulations when choosing a site for your
quarterly reports about payroll taxes Tele Tax/Refund Information 800-829-4477 business. You may not be permitted to
and other mandatory deductions. You Tax Forms/Publications 800-829-3676 conduct business out of your home or
may contact (for information, assistance Taxpayer Advocate - Omaha 402-233-7272 engage in industrial activity in a retail
and forms.) Taxpayer Advocate Toll Free 877-777-4778 district. Contact the business license
Social Security Administration The primary purpose of Taxpayer Education office in the city or town where the
800-772-1213 and Communication is to provide pre-filing business is located.
www.ssa.gov educational services and products which will Permits Inspection Division - Omaha
help small business owners file timely and City/County Bldg.
Federal Withholding correct returns with the IRS. 1819 Farnam St.
U.S. Internal Revenue Service Nationwide Telephone Device Omaha, NE 68102
800-829-1040 for the Deaf 912-744-2299 402-444-5350
Nationwide Computer Zoning Office - Omaha
Bulletin Board 912-757-3100 402-444-5210
Social Security’s Business Services
Online E-Verify: Employment Eligibility Certificate of Occupancy - Omaha
The Social Security Administration 402-444-5351
now provides free electronic services Verification
E-Verify, operated by the Department
online at www.socialsecurity.gov/employer/.
Once registered for Business Services of Homeland Security in partnership BAR CODING
Online, business owners or their with the Social Security Administration, Many stores require bar coding on
authorized representative can: is the best--and quickest--way for packaged products. Many industrial
• file W-2s online; and employers to determine the employment and manufacturing companies use bar
eligibility of new hires. It is a safe, coding to identify items they receive and
simple, and secure Internet-based ship. There are several companies that
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 37
can assist businesses with bar-coding
needs. You may want to talk with an
STATE REGISTRATION OF A U.S. Patent and Trademark Office. For
more information, contact the:
SBDC, SCORE or WBC counselor for TRADEMARK U.S. Patent and Trademark Office
more information. Trademarks and service marks may 800-786-9199 • www.uspto.gov
be registered in a state.
Federal Registration of Trademarks Caution: Federally registered Copyrights
and Copyrights trademarks may conflict with and Copyrights protect original works of
Trademarks or service marks are supersede state registered business and authorship including literary, dramatic,
words, phrases, symbols, designs or product names. musical and artistic, and certain other
combinations thereof that identify intellectual works. Copyright does
and distinguish the source of goods. Patents not protect facts, ideas and systems,
Trademarks may be registered at both A patent is the grant of a property although it may protect the way these
the state and federal level. To register a right to the inventor by the U.S. Patent things are expressed. For general
federal trademark, contact: and Trademark Office. It provides the information contact:
U.S. Patent and Trademark Office: owner with the right to exclude others U.S. Copyright Office
P.O. Box 1450 from making, using, offering for sale or U.S. Library of Congress
Alexandria, VA 22313-1450 selling the patented item in the United James Madison Memorial Building
800-786-9199 Washington, DC 20559
www.uspto.gov/ 202-707-9100 - Order Line
Additional information is provided in 202-707-3000 - Information Line
Trademark Information Hotline the publications, General Information www.copyright.gov
703-308-9000 Concerning Patents and other
publications distributed through the
Choosing Your Business Structure
There are many forms of legal easy to establish. A formal partnership the corporation. It’s the most complex
structure you may choose for your agreement is recommended to address form of business organization and is
business. Each legal structure offers potential conflicts such as: who will be comprised of shareholders, directors
organizational options with different responsible for performing each task; and officers. Since the corporation
tax and liability issues. We suggest you what, if any, consultation is needed is a separate legal entity in its own
research each legal structure thoroughly between partners before major decisions, right it can own assets, borrow money
and consult a tax accountant and/or and what happens when a partner and perform business functions
attorney prior to making your decision. dies. Under a general partnership each without directly involving the owners.
The most common organizational partner is liable for all debts of the Corporations are subject to more
structures are sole proprietorships, business. Profits are taxed as income to government regulation and offer the
general and limited partnerships, “C” the partners based on their ownership owners the advantage of limited liability,
and “S” corporations and limited liability percentage. but not total protection from lawsuits.
If you’re uncertain which business Limited Partnership Subchapter “S” Corporation
format is right for you, you should Like a general partnership, a Subchapter “S” references a special
discuss options with a business limited partnership is established by part of the Internal Revenue Code that
counselor or attorney. an agreement between two or more permits a corporation to be taxed as a
persons. However, there are two types partnership or sole proprietorship, with
profits taxed at the individual, rather
Sole Proprietorship of partners.
than the corporate rate. A business
One person operating a business as • A general partner has greater control
in some aspects of the partnership. must meet certain requirements for
an individual is a sole proprietorship.
For example, only a general partner Subchapter “S” status. Contact the IRS
It’s the most common form of business can decide to dissolve the partnership. for more information.
organization. Profits are taxed as General partners have no limits on the
income to the owner personally. The dividends they can receive from profit LLCs and LLPs
personal tax rate is usually lower than so they incur unlimited liability.
The limited liability company is
the corporate tax rate. The owner • Limited partners can only receive
a share of profits based on the a relatively new business form. It
has complete control of the business, combines selected corporate and
proportional amount on their
but faces unlimited liability for its partnership characteristics while
investment, and liability is similarly
debts. There is very little government limited in proportion to their still maintaining status as a legal
regulation or reporting required with investment. entity distinct from its owners. As a
this business structure. separate entity it can acquire assets,
“C” Corporation incur liabilities and conduct business.
General Partnership A “C” corporation is a legal entity It limits liability for the owners. The
A partnership exists when two created under state law by the filing of limited liability partnership is similar
or more persons join together in articles of incorporation. A corporation to the LLC, but it is for professional
the operation and management of a is a separate entity having its own organizations.
business. Partnerships are subject to rights, privileges and liabilities, apart
relatively little regulation and are fairly from those of the individual(s) forming
38 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
OT H ER A SSISTANCE
OTHER SOURCES OF Taxpayer Advocate -
FEDERAL INFORMATION CENTER
UCC CENTRAL FILING OFFICE
P.O. Box 95104
ASSISTANCE Nationwide Telephone
Device for the Deaf 800-829-4059
Lincoln, NE 68508
402-471-4080 • 402-471-4429 Fax
FEDERAL OFFICES Nationwide Computer www.sos.state.ne.us/business/ucc
U.S. Department of Agriculture Bulletin Board 912-757-3100 FEDERAL CITIZEN INFORMATION CENTER firstname.lastname@example.org
Rural Development Main: 800-333-4646
(formerly Farmers Home Administration) LICENSES AND PERMITS www.fic.gov NEBRASKA DEPARTMENT OF
Federal Bldg., Rm. 152 Bureau of Alcohol, Tobacco, Firearms & TDD: 800-326-2996 ECONOMIC DEVELOPMENT
100 Centennial Mall N. Explosives 301 Centennial Mall S./P.O. Box 94666
Lincoln, NE 68508 Lincoln, NE 68509-4666
402-437-5551 • 402-437-5408 Fax
877-283-3352 Nebraska State 402-471-3111 or 800-426-6505
402-437-5093 TTY Government 402-471-3778 Fax • www.neded.org
www.rurdev.usda.gov/NE NATIONAL FLOOD INSURANCE PROGRAM Business Development
NEBRASKA DEPARTMENT OF 402-471-6513 • 402-471-3365 Fax
COMMUNITY PROGRAMS 402-437-5559 AGRICULTURE Business Recruitment 402-471-3789
BUSINESS PROGRAMS 402-437-5568 301 Centennial Mall S./P.O. Box 94947 Financial Packaging
HOUSING PROGRAMS 402-437-5574 Lincoln, NE 68509-4947 International Trade 402-471-4668
OCCUPATIONAL SAFETY AND HEALTH
NORFOLK AREA OFFICE 402-371-5350 www.agr.ne.us Job Training 402-471-2095
KEARNEY AREA OFFICE 402-237-3118 Ag Administration 402-471-2341
National 800-642-8963 NEBRASKA MANUFACTURING
LINCOLN AREA OFFICE 402-423-9683 Farm Mediation/Beginning Farmer
Omaha Office 402-553-0171 EXTENSION PARTNERSHIP
402-471-6890 or 800-446-4071 (NEBRASKA MEP)
AREA OFFICE 308-632-2195 PATENT AND TRADEMARK OFFICE
Ag Promotion Norfolk 402-564-0105
General Information 800-786-9199 Grand Island 308-385-6355
INTERNATIONAL TRADE ADMINISTRATION and Development 402-471-4876
Trademark Assistance Hastings 402-471-7199
Department of Commerce Domestic/International
Center 703-308-4357 Lincoln 402-471-3741
U.S. & Foreign Commercial Service 800-422-6692 • 402-471-2759 Fax
Agricultural Statistics email@example.com
Omaha Export Assistance Center RURAL DEVELOPMENT
402-437-5541 • 402-437-5547 Fax Omaha (NBDC) 402-554-6262
6708 Pine St. MH 200 8901 S. 154th St., Ste. 2
Animal Industry 402-437-2351 Scottsbluff 308-632-1436
Omaha, NE 68182 Omaha, NE 68138
Dairies and Foods 402-471-2536 One Stop
402-968-5672 • 402-554-3473 Fax 402-896-0121
Feed and Ag Chemicals 402-471-2394 Business Assistance 402-471-3782
Plant Industry 402-471-2394 Recycling Advocate (REDA) 402-471-3766
www.buyusa.gov/nebraska SOCIAL SECURITY ADMINISTRATION
Weights and Measures 402-471-4292 Workforce Development 402-471-6587
This Federal agency provides assistance and Old Mill Centre Community and
resources for Nebraska exporters. 604 N. 109 Court
NEBRASKA DEPARTMENT OF Rural Development 402-471-4388
Omaha, NE 68154 Community Development
CONSUMER INFORMATION CENTER, ENVIRONMENTAL QUALITY
800-772-1213 or 402-496-3520 Block Grant 402-471-3757
FEDERAL - FCIC 1200 N. St., Ste. 400
www.socialsecurity.gov Housing Development 402-471-3759
877-227-5511 Lincoln, NE 68509
402-471-2186 • 402-471-2909 Fax Central 308-865-6511
www.pueblo.gsa.gov U.S. DEPARTMENT OF LABOR
NDEQ.firstname.lastname@example.org East 402-471-2280
TTD 866-880-6582 (Wage and Hour Division)
www.deq.state.ne.us West 308-889-3420
111 S. 18th Plaza, Ste. 2238 Nebraska Community
CUSTOMS SERVICE Omaha, NE 68102
NEBRASKA ENERGY OFFICE Improvement Program 402-471-6280
800-232-5378 402-221-4682 • 402-221-3719 Fax
1111 O St., Ste. 223/P.O. Box 95085 Regional Teams
Lincoln, NE 68508-5085 Central 308-749-2291
Criminal violations - Drug smuggling, or
402-471-2867 • 402-471-3064 Fax 402-589-0027
illegal imports/exports and counterfeit 100 Centennial Mall N.
email@example.com East 402-297-9534
merchandise Lincoln, NE
402-437-5790 or 402-437-5791 West 308-631-2111
DISABILITIES, PERSONS WITH
NEBRASKA DEPARTMENT OF INSURANCE 308-367-8844
ACCESSIBILITY TO TRANSPORTATION U.S. CITIZENSHIP AND IMMIGRATION
941 O St., Ste. 400 Research 402-471-3784
Services 202-366-4070 SERVICES
Lincoln, NE 68508 Travel & Tourism 402-471-3795
Transit only 888-446-4511 1717 Ave. H
402-471-2201 Central 402-362-6221
TTY 202-366-0153 Omaha, NE 68110 East 402-471-3798
402-697-9154 West 308-641-1025
INTERNAL REVENUE SERVICE NEBRASKA SECRETARY OF STATE
General Information: 800-375-5283 It is the policy of the Nebraska Department
1616 Capitol Ave. State Capitol, Ste. 2300
Lincoln, NE 65809 of Economic Development to recognize its
Omaha, NE 68102 U.S. DEPARTMENT OF VETERANS AFFAIRS
402-471-2554 • 402-471-3237 Fax responsibility and commitment to provide
or Vet Center
www.sos.state.ne.us its customers with services that meet or
100 Centennial Mall N. 2428 Cuming St. exceed their needs.
Lincoln, NE 68508 Omaha, NE 68110
www.irs.gov CORPORATE DIVISION NEBRASKA WORKFORCE
State Capitol, Rm. 1301 DEVELOPMENT DEPT. OF LABOR
Toll Free Tax Information 800-829-1040 Lincoln, NE 68508 Administration Office 402-471-9000
Tele Tax/Refund 402-471-4079 • 402-471-3666 Fax TDD 402-471-9924
Information 800-829-4477 Sos.firstname.lastname@example.org Office of Workforce Services
920 L St.
Tax Forms/Publications 800-829-3676 Lincoln, NE 6850 (check for local area offices) 402-471-9000
Taxpayer ELECTION DIVISION Office of Unemployment
402-476-9736 or 800-228-6838 Toll Free
Education Office 402-221-3501 State Capitol, 3rd Fl. Insurance 402-471-9000
Taxpayer Advocate - Lincoln, NE 68509 Check for local area offices at:
Omaha 402-221-4181 402-471-2555 www.dol.nebraska.gov
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 39
OT H ER A SSISTANCE
JOB AND TALENT BANK NEBRASKA DEPARTMENT OF ROADS GRAND ISLAND CAMPUS MCCOOK COMMUNITY COLLEGE
www.dol.nebraska.gov 302 Superior St./P.O. Box 94759 P.O. Box 4903 1205 E. Third St.
Lincoln, NE 68521-4759 Grand Island, NE 68802-4903 McCook, NE 69001
JOB BANK: 402-471-4567 • 402-479-4325 Fax 308-398-4222 or 877-222-0780 308-345-8100 or 800-658-4348
Conduct a self-directed job search on 402-479-3834 TDD 308-389-7398 Fax 308-345-8151 Fax
local, statewide, or national scale over the www.DOR.state.NE.US
internet. COLUMBUS CAMPUS NORTHEAST COMMUNITY COLLEGE AREA
District 1, Lincoln 402-471-0850 4500 63rd St./P.O. Box 1027 402-371-2020 or 800-348-9033
TALENT BANK: District 2, Omaha 402-595-2534 Columbus, NE 68602-1027 www.northeastcollege.com
Maximize exposure of your resume by District 3, Norfolk 402-370-3470 402-564-7132 or 877-222-0780
placing it online from any location with District 4, Grand Island 308-385-6265 402-562-1201 Fax NORFOLK CAMPUS
internet access. Nebraska employers can District 5, Bridgeport 308-436-6587 801 E. Benjamin Ave./P.O. Box 469
preview resumes on-line. District 6, North Platte 308-535-8031 HASTINGS CAMPUS Norfolk, NE 68702
District 7, McCook 308-345-8490 550 S. Technical Blvd./P.O. Box 1024 402-371-2020 • 402-844-7400 Fax
NEB-DIAL 402-471-2024 District 8, Ainsworth 402-387-2471 Hastings, NE 68103-1024
Equal Employer Program/Program. Auxiliary 402-463-9811 or 877-222-0780 SOUTHEAST COMMUNITY COLLEGE AREA
aids and services are available upon request WESTERN GOVERNOR’S OFFICE 402-461-2454 Fax 301 S. 68th St.
to individuals with disabilities. 4500 Ave. I/P.O. Box 1500 Lincoln, NE 68510-2449
TDD 800-833-7352 Scottsbluff, NE 69363-1500 METROPOLITAN COMMUNITY COLLEGE 402-323-3400 • 402-323-3420 Fax
308-632-1370 • 308-632-0562 Fax AREA www.southeast.edu
OFFICE OF SAFETY & LABOR STANDARDS 30th & Fort Sts./P.O. Box 3777
Lincoln 402-471-4721 State Colleges Omaha, NE 68103-0777 LINCOLN CAMPUS
Omaha 402-595-3095 402-457-2400 or 800-228-9553 8800 O St.
Hastings 402-462-2191 CHADRON STATE COLLEGE 402-457-2210 Fax Lincoln, NE 68520
North Platte 308-535-8300 308-432-6000 www.mccneb.edu/ 402-471-3333 or 800-642-4075
Sidney 308-254-6940 Extended Campus 402-437-2404 Fax
1000 Main St. ELKHORN VALLEY CAMPUS
JOB TRAINING SERVICES Chadron, NE 69337 204th and W. Dodge Rd./P.O. Box 3777 BEATRICE CAMPUS
Lincoln 402-441-7111 308-432-6018 • 308-432-6473 Fax Omaha, NE 68103-3777 4771 W. Scott Rd.
Omaha 402-444-4700 email@example.com 402-289-1200 • 402-289-1233 Fax Beatrice, NE 68310-7042
Greater Nebraska 402-471-9928 www.csc.edu 402-228-3468 or 800-233-5027
SOUTH OMAHA CAMPUS 402-228-2218 Fax
LABOR LAWS PERU STATE COLLEGE 27th and Q St./P.O. Box 3777
301 Centennial Mall S. Regional Economic Development Omaha, NE 68103-3777 MILFORD CAMPUS
Lincoln, NE 68509 P.O. Box 10 402-738-4500 • 402-738-4640 Fax 600 State St.
Child Labor and Peru, NE 68421 Milford, NE 68405
Minimum Wage 402-471-2239 402-872-2393 or 800-742-4412 FORT OMAHA CAMPUS 402-761-2131 or 800-933-7223
Private Employment Agency 402-872-2422 Fax P.O. Box 3777, Bldg. 10 402-761-2324 Fax
Veteran’s Re-Employment firstname.lastname@example.org Omaha, NE 68103-0777
Farm Labor Contractors www.Peru.edu 402-457-2700 • 402-457-2788 Fax WESTERN NEBRASKA COMMUNITY
Contractor Registration and COLLEGE
Workplace Safety 402-471-2230 WAYNE STATE COLLEGE WORKFORCE DEVELOPMENT INSTITUTE 308-635-3606
Continuing Education Fort Omaha Campus www.wncc.net
SAFETY LABOR LAW 1111 Mail St. 30th and Fort Sts.
(Nebraska) 402-595-3095 Wayne, NE 68787 Omaha, NE 68103-0777 SCOTTSBLUFF CAMPUS
402-375-7217 • 402-375-7204 Fax 402-457-2214 1601 E. 27th St.
UNEMPLOYMENT INSURANCE SERVICE email@example.com Metropolitan Community College’s Scottsbluff, NE 69361
1010 N St. www.wsc.edu Workforce Development Institute™ is 308-635-3606 or 800-348-4435
Lincoln, NE 68508-1010 committed to developing an economically 308-635-6100 Fax
402-471-2983 ECONOMIC DEVELOPMENT ACTIVITIES empowered, productive workforce that
Automated Line Information 402-375-7575 • 402-375-7574 Fax enables organizations and the community ALLIANCE CENTER
(NEB-DIAL) 402-471-7850 firstname.lastname@example.org to compete successfully in local and 1750 Sweetwater
international markets. WDI provides Alliance, NE 69301
VETERANS EMPLOYMENT educational opportunities to its customers 308-763-2000 or 888-559-9622
Nebraska Community in a learning centered environment where 308-763-2012 Fax
550 S. 16th Colleges quality service, relevance, affordability,
Lincoln, NE 68509 mutual respect and support are its key SIDNEY CENTER
402-471-9833 NEBRASKA COMMUNITY values. 371 College Dr.
COLLEGE ASSOCIATION Sidney, NE 69162
NEBRASKA DEPARTMENT OF REVENUE 601 S. 12 St., Ste. 200 MID-PLAINS COMMUNITY COLLEGE – 308-254-5450 or 800-222-9682
301 Centennial Mall S./P.O. Box 94818 Lincoln, NE 68508 NORTH PLATTE 308-254-7444 Fax
Lincoln, NE 68509-4818 402-471-4685 • 402-471-4726 Fax 1101 Halligan Dr.
402-471-5729 or 800-742-7474 North Platte, NE 69101 Chambers of Commerce
402-471-5608 Fax 308-535-3600 or 800-658-4308 Chambers of Commerce serve as a central
www.revenue.state.ne.us CENTRAL COMMUNITY COLLEGE AREA 308-534-5770 Fax location where the local small business
District 1, Lincoln 402-471-5729 3134 W. Hwy. 34/P.O. Box 4903 www.mpcc.edu community may obtain information,
District 2, Omaha 402-595-2065 Grand Island, NE 68802-4903
publications and contact information. For
District 3, Norfolk 402-370-3333 308-398-7301 • 308-398-7590 Fax 601 W. State Farm Rd. more information go to the website: www.
District 6, North Platte 308-535-8250 www.cccneb.edu North Platte, NE 69101 visitnebraska.org/aboutcvbchamber.asp or to:
District 8, Scottsbluff 308-632-1200 308-535-3701 or 800-658-4308 www.chambersofcommerce.com
40 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
S BA T OP LEND ER S
The lenders listed below are usually Certified Lenders BANK OF HARTINGTON FARMERS & MERCHANTS FIRST NATIONAL BANK
the most experienced SBA lenders 229 N. Broadway NATIONAL BANK OF OMAHA
in the State of Nebraska, however, ADAMS BANK & TRUST Hartington, NE 68739 1501 Silver St. 16th and Dodge St.
all commercial lenders are eligible 315 North Spruce 402-254-3994 • 402-254-6694 F Ashland, NE 68003 Omaha, NE 68103
to process SBA applications. In Ogallala, NE 69153-2517 402-944-3316 • 402-944-3423 F 402-341-0500 • 402-964-8484 F
fact, most SBA loans are processed 308-284-4071 • 308-284-3207 F BANK OF KEYSTONE
through your home town lender. 105 Inland Seas FARMERS & MERCHANTS STATE FIRST NEBRASKA BANK
We encourage all applicants to visit BANK OF NEBRASKA Keystone, NE 69144 BANK 232 N. Spruce St.
their local lender when seeking 7223 S. 84th St. 308-726-2171 • 308-726-2172 F 103 N. Broadway Valley, NE 68064-9673
financing for their business. LaVista, NE 68123-2130 Bloomfield, NE 68718 402-359-2281
A lender’s Preferred, Certified 402-331-8550 • 402-331-8570 F BANK OF NEBRASKA 402-373-4321 • 402-373-4597 F
or “Express” status applies to all 7223 S. 84th St. FIRST SAVINGS BANK
branch offices located within FIRST NATIONAL BANK LaVista, NE 68123-2130 FARMERS STATE BANK 3540 S. 84th St.
Nebraska. OF NORTH PLATTE 402-331-8550 • 402-331-8570 F 234 Commercial Ave. Omaha, NE 68124
201 N. Dewey St. Wallace, NE 69169 402-399-8400
Preferred Lenders North Platte, NE 68101-4036 BANK OF THE VALLEY 402-387-4319 • 402-387-4605 F
308-532-1000 • 308-532-6289 F 404 State St. FIRST STATE BANK
AMERICAN NATIONAL BANK Bellwood, NE 68624 FIRST CENTRAL BANK 914 Lake St.
8990 W. Dodge Rd. FIVE POINTS BANK 402-538-3025 • 402-538-3655 F 623 Patterson St. Gothenburg, NE 69138-1944
Omaha, NE 68114 2015 N. Broadwell Ave. Cambridge, NE 69022 308-537-3684 • 308-537-2292 F
402-399-5000 • 402-399-5057 F Grand Island, NE 68803-2759 BANK OF THE WEST 308-697-4344 • 308-697-4196 F
308-384-5350 • 308-384-9783 F 13320 California St. FIRST STATE BANK
BANK OF THE WEST Omaha, NE 68154 FIRST CENTRAL BANK McCOOK 4915 Old Cheney Rd.
13320 California St. HERITAGE BANK 402-554-5690 • 402-554-9418 F 904 N. Hwy. 83 Lincoln, NE 68516
Omaha, NE 68154 1333 N. Webb Rd. McCook, NE 69001 402-420-5200 • 402-792-2415 F
402-554-5690 • 402-554-9418 F Grand Island, NE 68803 BRUNING STATE BANK 308-345-4994 • 308-345-5094 F
308-384-5538 • 308-384-6778 F 104 E. Main St. FIRST STATE BANK
FIRST NATIONAL BANK Bruning, NE 68322 FIRSTIER BANK 2002 Broadway
OF OMAHA PLATTE VALLEY STATE BANK & 402-353-2555 • 402-353-2275 F 115 S. Walnut St. Scottsbluff, NE 69361-2459
16th and Dodge Sts. TRUST COMPANY Kimball, NE 69145 308-632-4158 • 308-635-2311 F
Omaha, NE 68103 2223 2nd Ave. CEDAR SECURITY BANK 308-235-4633 • 308-235-3499 F
402-341-0500 • 402-964-8484 F Kearney, NE 68847-5309 117 Main St. FIRST STATE BANK & TRUST
308-234-2424 • 308-237-2413 F Fordyce, NE 68736 FIRST NATIONAL BANK COMPANY
GREAT WESTERN BANK 402-357-3508 • 402-357-3588 F 201 Main St. 1005 E. 23rd St.
6015 N.W. Radial Hwy. WASHINGTON COUNTY BANK Beemer, NE 68716 Fremont, NE 68025
Omaha, NE 68104 1523 Washington St. CENTENNIAL BANK 402-528-3223 • 402-528-3654 F 402-721-2500 • 402-727-0208 F
402-551-4310 • 402-551-7689 F Blair, NE 68008-1653 9003 S. 145th St.
402-426-2111 • 402-426-8177 F Omaha, NE 68138 FIRST NATIONAL BANK AND FIRST WESTROADS BANK INC.
MUTUAL OF OMAHA BANK 402-891-0003 • 402-891-0007 F TRUST COMPANY 15750 W. Dodge Rd.
3333 Farnam St. 2623 S. 13th St. Omaha, NE 68118-2535
Omaha, NE 68131
SBAExpress Lenders CENTRIS FEDERAL CREDIT UNION Columbus, NE 68601 402-330-7200 • 402-330-8272 F
402-351-8000 • 402-434-5818 F 11718 M Circle 402-564-1481
Omaha, NE 68137 FIVE POINTS BANK
210 N. 78th St.
NEBRASKA BANK 402-334-7000 • 402-758-6074 F FIRST NATIONAL BANK & TRUST 2015 N. Broadwell Ave.
Omaha, NE 68114
OF COMMERCE COMPANY Grand Island, NE 68803-2759
402-763-6000 • 402-763-6011 F
6000 Village Dr. CITIZENS STATE BANK 1701 Stone St. 308-384-5350 • 308-389-8838 F
Lincoln, NE 68516 921 Avenue E St. Falls City, NE 68355
ADAMS BANK & TRUST
402-423-2111 • 402-423-2171 F Wisner, NE 68791 402-245-2491 • 402-245-2495 F FIVE POINTS BANK OF HASTINGS
315 N. Spruce
402-529-3291 • 402-529-3234 F 2815 Osborne Dr. W.
Ogallala, NE 69153-2517
UMB BANK, N.A. FIRST NATIONAL BANK Hastings, NE 68901
308-284-4071 • 308-284-3207 F
11808 W. Center Rd. CORNHUSKER BANK NORTHEAST 402-462-2228 • 402-462-9540 F
Omaha, NE 68144 1101 Cornhusker Hwy. 440 Main St.
AMERICAN NATIONAL BANK
402-330-7770 • 402-330-1117 F Lincoln, NE 68521-2350 Lyons, NE 68038 FRONTIER BANK
8990 W. Dodge Rd.
402-434-2265 • 402-434-3789 F 402-687-2640 • 402-687-2055 F 301 S. Main St.
UNION BANK AND TRUST
Omaha, NE 68114
402-399-5000 • 402-399-5057 F
ENTERPRISE BANK FIRST NATIONAL BANK
Madison, NE 68748
402-454-3381 • 402-454-2349 F
SBA TOP LENDERS
3642 S. 48th St. 12800 W. Center Rd. OF BANCROFT
Lincoln, NE 68506 Omaha, NE 68144 301 Main St. FOUNDATION FIRST BANK
602 West B St.
402-488-0941 • 402-488-8188 F 402-330-0200 • 402-330-3884 F Bancroft, NE 68004 23804 Cedar Dr.
McCook, NE 69001
402-648-3361 • 402-648-3315 F Waterloo, NE 68069-9501
308-345-1555 • 308-345-7844 F
US BANK NATIONAL EQUITABLE BANK 402-779-2545 • 402-779-2548 F
ASSOCIATION 3012 S. Locust St. FIRST NATIONAL BANK OF
AUBURN STATE BANK
9918 Hilbert St. Grand Island, NE 68801 CHADRON GREAT WESTERN BANK
1212 J St.
San Diego, CA 92131 308-382-3136 • 308-398-1217 F 2nd & Main Sts. 6015 N.W. Radial Hwy.
Auburn, NE 68305
888-722-3948 Chadron, NE 69337 Omaha, NE 68104
402-274-4342 • 402-274-4918 F
FARMERS AND MERCHANTS 308-432-5552 • 308-432-2548 F 402-551-4310 • 402-551-7689 F
WELLS FARGO BANK BANK
BANKFIRST FIRST NATIONAL BANK
1919 Douglas St. 617 1st St. HEARTLAND COMMUNITY BANK
100 N. 13th St. OF NORTH PLATTE
Omaha, NE 68102-1317 Milford, NE 68405 50 Monroe St.
Norfolk, NE 68701 201 N. Dewey St.
402-536-2420 • 402-536-2317 F 402-761-7600 • 402-761-2437 F Bennett, NE 68317
402-371-8005 • 402-371-1677 F North Platte, NE 68101-4036 402-782-3500 • 402-782-3501 F
308-532-1000 • 308-532-6289 F
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 41
S BA TOP LEND ER S
UNITED REPUBLIC BANK ADAMS BANK & TRUST
111 N. 181st St. 315 N. Spruce
Omaha, NE 68154 Ogallala, NE 69153-2517
402-505-8500 • 402-505-6929 F 308-284-4071 • 308-284-3207 F
UPS CAPITAL BUSINESS CREDIT AMERICAN NATIONAL BANK
280 Trumbull St. 8990 W. Dodge Rd.
Hartford, CT Omaha, NE 68114
402-399-5000 • 402-399-5057 F
US BANK NATIONAL ASSOCIATION
9918 Hilbert St. BANKFIRST
San Diego, CA 92131 100 N. 13th St.
888-722-3948 Norfolk, NE 68701
402-371-8005 • 402-371-1677 F
VALLEY BANK AND TRUST
COMPANY BANK OF NEBRASKA
1701 First Ave. 7223 S. 84th St.
Scottsbluff, NE 69361 LaVista, NE 68123-2130
308-632-7500 • 308-632-4340 F 402-331-8550 • 402-331-8570 F
WASHINGTON COUNTY BANK BANK OF THE VALLEY
1523 Washington St. 404 State St.
HENDERSON STATE BANK PEOPLES-WEBSTER COUNTY SECURITY STATE BANK
Blair, NE 68008-1653 Bellwood, NE 68624
1040 N. Main St. BANK (DUNDEE BANK)
402-426-2111 • 402-426-8177 F 402-538-3025 • 402-538-3655 F
Henderson, NE 68371 126 W. 4th St. 624 Main St.
402-723-4441 • 402-723-4481 F Red Cloud, NE 68970-2433 Ansley, NE 68814
WELLS FARGO BANK CEDAR SECURITY BANK
402-746-2251 308-935-1700 • 308-935-1701 F
1919 Douglas St. 117 Main St.
Omaha, NE 68102-1317 Fordyce, NE 68736
1333 N. Webb Rd. PINNACLE BANK STATE BANK OF TABLE ROCK
402-536-2420 • 402-536-2317 F 402-357-3508 • 402-357-3588 F
Grand Island, NE 68803 1200 Golden Gate Dr. Main St.
308-384-5538 • 308-384-6778 F Papillion. NE 68046-2838 Table Rock, NE 68447
WEST GATE BANK CENTENNIAL BANK
402-339-3244 • 402-332-0116 F 402-839-2035 • 402-839-2095 F
6003 Old Cheney Rd. 9003 S. 145th St.
HOME FEDERAL SAVINGS & LOAN
Lincoln, NE 68516 Omaha, NE 68138
ASSOCIATION OF GRAND ISLAND PLATTE VALLEY STATE BANK & THE CATTLE NATIONAL BANK
402-323-3456 • 402-323-8989 F 402-891-0003 • 402-891-0007 F
221 S. Locust St. TRUST COMPANY AND TRUST COMPANY
Grand Island, NE 68801 2223 2nd Ave. 104 5th St.
YORK STATE BANK & TRUST CENTRIS FEDERAL CREDIT UNION
308-382-4000 • 308-382-9235 F Kearney, NE 68847-5309 Seward, NE 68434
COMPANY 11718 M Circle
308-234-2424 • 308-234-2413 F 402-643-3636 • 402-643-3099 F
700 Lincoln Ave. Omaha, NE 68137
POINTS WEST COMMUNITY York, NE 68467-2995 402-334-7000 • 402-758-6074 F
10841 N. 142nd St. THE FIRST NATIONAL BANK
BANK 402-362-4411 • 402-363-6691 F
Waverly, NE 68462 OF WAHOO
809 Illinois St. CORNHUSKER BANK
402-786-2555 • 402-786-2559 F 201 E. 5th St.
Sidney, NE 69162 Wahoo, NE 68066 Patriot Express 1101 Cornhusker Hwy.
Lincoln, NE 68521-2350
MIDWEST BANK 308-254-7110 • 308-254-7118 F 402-443-4117 • 402-443-5093 F Lenders 402-434-2265 • 402-434-3789 F
114 W. Main St.
Pierce, NE 68767 RICHARDSON COUNTY BANK AND THE HERSHEY STATE BANK ACCESS BANK
TRUST COMPANY ENTERPRISE BANK
402-329-6221 • 402-329-6224 F 100 S. Lincoln St. 210 N. 78th St.
1616 Harlan St. 12800 W. Center Rd.
Hershey, NE 69143 Omaha, NE 68114
Falls City, NE 68355-2655 Omaha, NE 68144
MUTUAL OF OMAHA BANK 308-368-5555 • 308-368-5540 F 402-763-6000 • 402-763-6011 F
402-245-2486 • 402-245-2480 F 402-330-0200 • 402-330-3884 F
3333 Farnam St.
Omaha, NE 68131 THE JONES NATIONAL BANK AND
402-351-8000 • 402-434-5818 F SAC FEDERAL CREDIT UNION TRUST COMPANY
11515 S. 39th St. 203 S. 6th St.
NEBRASKA BANK OF COMMERCE Omaha, NE 68123 Seward, NE 68434
6000 Village Dr. 402-292-8000 • 402-292-2858 F 402-643-3602 • 402-643-2439 F
Lincoln, NE 68516
402-423-2111 • 402-423-2171 F SECURITY FIRST BANK THE TRI-COUNTY BANK
1205 Jackson St. 106 N. Main St.
NEBRASKALAND NATIONAL BANK Sidney, NE 69162 Stuart, NE 68780
121 N. Dewey St. 308-254-4545 • 308-254-5031 F 402-924-3861 • 402-924-3199 F
North Platte, NE 69101
308-534-2100 • 308-534-5333 F SECURITY NATIONAL BANK UMB BANK, N.A.
202 E. 2nd St. 11808 W. Center Rd.
NORTHWEST BANK Laurel, NE 68745 Omaha, NE 68144
14320 Arbor St. 402-256-3247 • 402-256-3058 F 402-330-7770 • 402-330-1117 F
Omaha, NE 68144
402-334-6760 SECURITY NATIONAL BANK UNION BANK AND TRUST
OF OMAHA COMPANY
PENDER STATE BANK 1120 S. 101st St. 3642 S. 48th St.
222 Main St. Omaha, NE 68124 Lincoln, NE 68506
Pender, NE 68047 402-344-7300 • 402-449-0977 F 402-488-0941 • 402-488-8188 F
402-385-3063 • 402-385-3527 F
42 — Small Business Resource NEBRASKA Visit us online: www.sba.gov/ne
S BA T OP LEND ER S
EQUITABLE BANK FOUNDATION FIRST BANK SECURITY FIRST BANK THE CATTLE NATIONAL BANK WASHINGTON COUNTY BANK
3012 S. Locust St. 23804 Cedar Dr. 1205 Jackson St. AND TRUST COMPANY 1523 Washington St.
Grand Island, NE 68801 Waterloo, NE 68069-9501 Sidney, NE 69162 104 5th St. Blair, NE 68008
308-382-3136 • 308-398-1217 F 402-779-2545 • 402-779-2548 F 308-254-4545 • 308-254-5031 F Seward, NE 68434 402-426-2111 • 402-426-2232 F
402-643-3636 • 402-643-3099 F
FARMERS AND MERCHANTS GREAT WESTERN BANK SECURITY NATIONAL BANK WELLS FARGO BANK
BANK 6015 N.W. Radial Hwy. OF OMAHA THE HERSHEY STATE BANK 1919 Douglas St.
617 1st St. Omaha, NE 68104 1120 S. 101st St. 100 S. Lincoln St. Omaha, NE 68102-1317
Milford, NE 68405 402-551-4310 • 402-551-7689 F Omaha, NE 68124 Hershey, NE 69143 402-536-2420 • 402-536-2317 F
402-761-7600 • 402-761-2437 F 402-344-7300 • 402-449-0977 F 308-368-5555 • 308-368-5540 F
HEARTLAND COMMUNITY BANK WEST GATE BANK
FARMERS STATE BANK 50 Monroe St. SECURITY STATE BANK UMB BANK, N.A. 6003 Old Cheney Rd.
234 Commercial Ave. Bennett, NE 68317 (DUNDEE BANK) 11808 W. Center Rd. Lincoln, NE 68516
Wallace, NE 69169 402-782-3500 • 402-782-3501 F 624 Main St. Omaha, NE 68144 402-323-3456 • 402-323-8989 F
402-387-4319 • 402-387-4605 F Ansley, NE 68814 402-330-7770 • 402-330-1117 F
HERITAGE BANK 308-935-1700 • 308-935-1701 F YORK STATE BANK & TRUST
FIRSTIER BANK 1333 N. Webb Rd. UNION BANK AND TRUST COMPANY
115 S. Walnut St. Grand Island, NE 68803 STATE BANK OF TABLE ROCK COMPANY 700 Lincoln Ave.
Kimball, NE 69145 308-384-5538 • 308-384-6778 F Main St. 3642 S. 48th St. York, NE 68467-2995
308-235-4633 • 308-235-3499 F Table Rock, NE 68447 Lincoln, NE 68506 402-362-4411 • 402-363-6691 F
HOME FEDERAL SAVINGS & 402-839-2035 • 402-839-2095 F 402-488-0941 • 402-488-8188 F
FIRST NATIONAL BANK AND LOAN ASSOCIATION OF GRAND
TRUST COMPANY ISLAND US BANK NATIONAL
2623 S. 13th St. 221 S. Locust St. ASSOCIATION
Columbus, NE 68601 Grand Island, NE 68801 9918 Hilbert St.
402-564-1481 308-382-4000 • 308-382-9235 F San Diego, CA 92131
FIRST NATIONAL BANK HORIZON BANK
NORTHEAST 10841 N. 142nd St.
440 Main St. Waverly, NE 68462
Lyons, NE 68038 402-786-2555 • 402-786-2559 F
402-687-2640 • 402-687-2055 F
FIRST NATIONAL BANK 114 W. Main St.
OF NORTH PLATTE Pierce, NE 68767
201 N. Dewey St. 402-329-6221 • 402-329-6224 F
North Platte, NE 68101-4036
308-532-1000 • 308-532-6289 F MUTUAL OF OMAHA BANK
3333 Farnam St.
FIRST NATIONAL BANK Omaha, NE 68131
OF OMAHA 402-351-8000 • 402-434-5818 F
16th and Dodge St.
Omaha, NE 68103 NORTHWEST BANK
402-341-0500 • 402-964-8484 F 14320 Arbor St.
Omaha, NE 68144
FIRST NATIONAL BANK 402-334-6760
201 E. 5th St. PEOPLES-WEBSTER COUNTY
Wahoo, NE 68066 BANK
402-443-4117 • 402-443-5093 F 126 W. 4th St.
Red Cloud, NE 68970-2433
FIRST SAVINGS BANK 402-746-2251
3540 S. 84th St.
Omaha, NE 68124 PINNACLE BANK
402-399-8400 1200 Golden Gate Dr.
Papillion, NE 68046-2838
FIRST STATE BANK & TRUST 402-339-3244 • 402-332-0116 F
1005 E. 23rd St. PLATTE VALLEY STATE BANK &
Fremont, NE 68025 TRUST COMPANY
402-721-2500 • 402-727-0208 F 2223 2nd Ave.
Kearney, NE 68847-5309
FIVE POINTS BANK 308-234-2424 • 308-237-2413 F
2015 N. Broadwell Ave.
Grand Island, NE 68803-2759 SAC FEDERAL CREDIT UNION
308-384-5350 • 308-389-8838 F 11515 S. 39th St.
Omaha, NE 68123
FRONTIER BANK 402-292-8000 • 402-292-2858 F
301 S. Main St.
Madison, NE 68748
402-454-3381 • 402-454-2349 F
Visit us online: www.sba.gov/ne NEBRASKA Small Business Resource — 43