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Goal Digger - Entrepreneurship: Creating and Achieving Your Goals

success noun / suc·cess / \sek-ses\ the fact of getting or achieving wealth, respect or fame, or a desired outcome.

Many people work for most of their lives to become successful.

To us, a goal digger is someone who knows what she wants and is willing to put in the time and work to achieve success, no matter what.

Please join us as we introduce three of our favorite “goal diggers” as they share their stories of designing, launching and running their business.

We will also be presenting on legal issues that many startups face, including:

  • Entity formation
  • Employment
  • Compensation

2017 SBA Microlending Results

According to the Small Business Administration, 2017 was another record year of providing microloans and technical assistance to thousands of entrepreneurs across the United States.  In FY17 SBA Microlenders collectively made 4,906 loans worth $68,061,393 - creating and/or retaining 18,377 jobs. This represents the second highest number of loans ever made in one year and the highest dollar value of loans ever made. In terms of dollar value it is 11% higher than last fiscal year and 8% higher in number of loans. 

Just as impressive is the degree to which these microloans were made to underserved borrowers. Collectively, 55% of the loans were made to minority small business owners and 46.7% were made to women. To put these numbers in perspective you should know that SBA loans made by conventional banks were only 31.4% to minority and 13.6% to women-owned small businesses. Microloan Program intermediaries made 11 times more loans to Black-owned businesses than conventional banks in our 7(a) program.

One of SBA’s top priorities in FY18 is increasing loans to socially and economically disadvantaged borrowers in urban and rural areas by 5% in the next two years. As SBA’s lenders with the best track record of lending to underserved borrowers, the SBA will be depending on Microlenders to continue their record-setting performance in FY18 and beyond.

 

 

Third Annual Meet the Buyers Conference

November 3, 8:15-3:45 P.M., UNO College of Business Administration

Keynote speaker, breakout sessions, networking. 

Agencies attending include: Ellsworth Air Force Base, Offutt Air Force Base, Omaha Public Schools, City of Lincoln, Lancaster County, GSA, National Park Service, Department of Veteran Affairs, U.S. Marine Corps, City of Omaha, U.S. Army Corps of Engineers, Nebraska Department of Transportation, Department of Homeland Security | Dept. of Housing and Urban Development.

More information

Community Hope Federal Credit Union Grand Opening

Community Hope Federal Credit Union is open!  Their office, located at 1625 N Street in Lincoln, Nebraska, will help serve low-income individuals with affordable financial services and financial literacy training programs. Their open house and ribbon cutting is set for October 5 from 3:30 p.m. to 6:30 p.m.  Check out their Facebook page for more information.

NDED Awards CDR Funds to Create Low-income Credit Union

The Nebraska Department of Economic Development has awarded $10,000 in Community Development Assistance Act tax credits to help establish a credit union. Community Development Resources Inc., will use $10,000 in tax credits to establish the Community Hope Federal Credit Union in a Lincoln location that serves 12 contiguous census areas primarily home to low- and […] 

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Group hoping to form city’s first low-income credit union

February 02, 2014 3:45 am • By NANCY HICKS / Lincoln Journal Star People who live, work, go to school or church in the core area can fill out a survey related to starting a low-income credit union. The survey is available on the Community Development Resources website, www.cdr-nebraska.org. Click on Federal Credit Union Survey. […]

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U.S. SBA Recognizes CDR as National Small CDC of the year for 2013

Community Development Resources of Lincoln has been named a National Small Certified Development Company of the Year for 2013 and selected for an Award of Excellence by the U.S. Small Business Administration.  [Link to Journal Star Article May 31, 2013]  SBA Director Karen G. Mills congratulated Exec. Director Rick Wallace and Community Development Resources on May 6th 2013.