Norfolk shoppers find latest name brands at chic second-hand kids' store, thanks to SBA financing
Along the sparkling restored streetscape in downtown Norfolk is a gem of a shop set within the shabby chic bricks and mortar of the old Pasewalk Building. Bright pastels for the up-to-date interior design and shiny floors make it hard to believe for a visitor this outlet offering the hottest brands in children's apparel actually is a second-hand clothing store.
"The merchandise they’re trying to buy is typically stuff you can’t get in Norfolk, Nebraska," said David Brunsing, vice-president at Frontier Bank in nearby Madison. "They've got clothes there from popular kids stores, like Gap, Old Navy ... some of the stuff they like to buy you can’t get in this part of the state."
Take the Mystery out of SBA Loans
Learn the process being approval for SBA loans for your small business at a free seminar January 10 at 10 a.m. in the U.S. Small Business Administration Nebraska District Office at 10675 Bedford Avenue (the northeast corner of 108th and Maple) in Omaha.
Fiscal 2012 first quarter loan numbers show continued support for SBA lending in Nebraska
Following up on a record for SBA lending volume in the state’s history, the numbers show continued strong support for small business lending in Nebraska. The first quarter of Fiscal 2012, which wrapped up Dec. 31, saw Nebraska’s small businesses approved for 112 SBA-backed loans for $32.7 million for the first quarter. As a result of SBA loans in the first quarter, more than 360 new jobs are being created in Nebraska, and just as important, 1,450 jobs are being kept on company payrolls.
New business owners in the state interested in a franchise are finding financing options
While the number of loan approvals by the SBA for franchise businesses has fallen in Nebraska over the past three fiscal years, there is a strong and encouraging sign within the overall data for entrepreneurs seeking to open a new franchise in Nebraska. Typically, new businesses make up 33 to 40 percent of total loan volume in any given fiscal year; yet with franchises, the Nebraska District Office has seen a much higher percentage of loans and loan volume going to new businesses than existing franchise operators.
A little room on the balance sheet means a lot
A chance meeting one day with a new lender in their Kearney strip mall led to better cash flow for their small business and the resources to hire a new technician to continue to provide much-needed orthotic and prosthetic services to their neighbors. How the business came to be, Ortho Medics co-owner Darren Wiens said during a recent interview on Kearney's KGFW-AM , "is actually kind of a funny story. "I remember starting the business with Jake and telling my wife, we’re going to use the house as collateral," Wiens explained, "and she gave me that look like, 'oh, good God, what am I getting into.'"
Visit their web site and you'll learn Ortho Medics takes "great pride in finding innovative, creative solutions to provide our patients and community with the highest quality care available." They mean it, from prefab orthopedic and prosthetic limb braces and supports for spinal trauma patients, to unique casting and custom fabrication the competition doesn't offer. They'll visit their patient to take measurements and get to work; Wiens admits sometimes being up past all hours in the lab just to make sure a patient can get a device the next morning and take that first step toward a new life.