Monday, November 8, 2010

Helping Small Businesses

SEED (Small Enterprise Economic Development) was started in 1994 as a program whose mission was to enhance family income through a new or expanding business venture. The objective is to create or retain employment for a minimum of one full or part time person. SEED is available to persons who have developed training or skills through employment, hobbies or working outside of their current jobs. Loan funds are available for equipment purchase, marketing and operating expenses.

One of the businesses featured was a sign company. The owner had experience as a graphic designer, had started her business at home and needed to expand into a retail location. SEED provided funds for the purchase of a computer and software program for preparing signs. The loan included operating expenses for six months. The loan was repaid promptly and the business has expanded to four full time employees.

The second business opened in 2007 for sales and service of small engines, primarily lawn mowers, large and small, chain saws, snow removal equipment and all equipment powered by small engines. The business had financing for start up, but as the owner did not have business experience, he needed advice about starting a new business and self employment. The SEED program partnered with SCORE to counsel the owner in the areas of record keeping, business insurance, registering with the State of Nebraska, remittance of sales tax, marketing and legal structure. The business is year around and has three full time employees. SEED is available to persons who want to start or expand their business.
www.communityactionmidne.com

We are here to help. Call me, Bob Hobbs, 308-865-5675 or mncaloans@mnca.net or go to

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