It's Your Business - March SBA Nebraska District Office Newsletter

It's Your Business Nebraska District Office Newsletter

March 2013

Commemorating Women's History Month

InMotion owner Sherri Stock

Running Lincoln's newest auto shop

Northern Hills Day Care owner Liz Sudbeck

Northern Hills Childcare has Norfolk parents talking, and their kids excited

The squeals of little voices still echo throughout the halls from the rooms of this shuttered former elementary school in Norfolk, thanks to help from an SBA guaranteed loan. Northern Hills Day Care, which opened in September 2012, offers busy parents an inviting place for their children to run, play and learn.  

“The space is great,” said owner Liz Sudbeck (above, with daughter Harper).  “We love having enough room and letting the kids play.” For the kids, there are age- and developmental-appropriate playgrounds, lively-colored classrooms with large windows and plenty of activity areas, a gymnasium, and a calendar packed with field trips and preschool music programs. For parents, there’s the assurance that the electronic security and staff members trained in first aid and CPR will keep their kids safe, with parking just steps from the front door.

>Read more

How Sherri Stock went from working on her '71 Chevy Nova to owning an up-and-coming gleaming car care place

Sherri Stock (above) remembers the first time she saw it, back when she was in high school and sitting on the front porch.  “This beautiful blue 1971 Chevy Nova, this muscle car, driving by every day.  I told my dad if it ever came up for sale, I was going to be driving it.”

She admits she was a little naïve when it came to the car she would call her “high school crush”; first, she had to learn to drive a clutch with a four-speed transmission.  Then there were wiring problems.

“I ended up pushing it a few times,” she remembered, “and my dad said, ‘if you're going to be driving a car like that, you better learn how to fix it.’”

She was fascinated with how a car worked, and tinkering with her ride back then sparked a lifelong love affair with auto repair, which led to opening inMOTION Auto Care, a brand-new, airy and sparkling clean repair shop just off Lincoln’s busy O Street.

With a staff of five highly-trained full-time technicians and two knowledgeable advisors with tech experience, inMOTION serves, according to its web site, as a one stop shop for large or small automotive needs from oil changes, tires, brakes and scheduled maintenance to difficult electrical diagnosis, engine and transmission repairs and replacements. 

A month since opening the doors, Stock said “we were worried about opening in the dead of winter but revenues are doing much better than anticipated."

>Read More

Take the Mystery out of SBA Loans

The SBA will offer a one-hour, exciting seminar (see below for schedule and registration) designed to take the mystery out of the process of applying for federally-guaranteed small business loans. 

“Take the Mystery out of SBA Loans” will connect small business owners with financing programs to expand their operations and create jobs, and for entrepreneurs resolving to take the steps to create a new business.

The SBA provides short- and long-term guaranteed loans to eligible, credit-worthy start-ups and existing small businesses that cannot obtain financing on reasonable terms through normal lending channels. SBA provides a number of loan programs for most small business needs. 

During this seminar, a representative from the SBA will explain the importance of a strong business plan, how the SBA’s resource partners -- SCORE, the Women's Business Center and the Nebraska Business Development Center -- can help, and why lenders use SBA guaranteed loans in their financing projects.

March 7, noon, Kearney Chamber of Commerce, 1007 2nd Ave. Call (308) 237-4671 or email the Chamber to register. (Please note: There will be a small charge for lunch.) 

Business Plan Bootcamp March 15 in Omaha

Interested in starting or growing your business? Learn the ropes from three business experts.

MARCH 15, 8 a.m. to 3 p.m.

Sign in: 7:30 a.m.

University of Nebraska at Omaha, Mammel Hall, Room 118, 6708 Pine Street, Omaha

On the agenda:

THE IMPORTANCE OF A GREAT BUSINESS PLAN
A business plan is a roadmap for success and essential to getting lenders interested in your venture. Get expert advice on what it takes to develop a solid plan for small business start up and growth. You will learn:

  • How to determine whether your business idea is ready for the marketplace
  • What are the components of an effective business plan
  • Numbers you really do (or don’t) need to crunch

Presented by: Tim Donahue, PhD, Chadron Center Director, Nebraska Business Development Center
 
FUNDING YOUR BUSINESS IDEA
Improve your odds of business success by understanding your
financing needs and what opportunities are available to help you
start, manage and grow your business. You will cover:

  • Short- and long-term SBA guaranteed loan programs available to eligible, credit-worthy start-ups and existing small businesses that cannot obtain financing on reasonable terms through normal lending channels
  • Why lenders use SBA guaranteed loans in their financing projects and which program might work for you

Presented by: Michael Foutch, Economic Development Specialist, Nebraska District Office, U.S. Small Business Administration
 
SOCIAL MEDIA MARKETING MADE SIMPLE
Increase customers, referrals, donations, prospects, etc. by adding an effective social media strategy to your marketing campaigns. You will learn:

  • What social media is and why you should use it
  • Why and how your competition is using social media
  • How to do it right (what and when) to get the best ROI

Presented by: Mike Bitter, President, Affordable Social Media
 
Workshop is FREE; please register online, by email or by calling NBDC at 402-554-4085.

Connect with us on social media.

UPCOMING EVENT

Omaha Empowerment Breakfast

March 8
7 a.m.
Regency Lodge, 107th & Pacific.  

Bring your business cards and have fun at the area's premier business networking event. This month's keynote subject: Women's History Month.  Kay Farrell, former president/CEO of the National Safety Council, Nebraska, will offer a talk on “Women Inspiring Innovation Through Imagination”

‘While we are recognizing Women’s History Month and 'Women Inspiring Innovation Through Imagination' is the 2013 theme, my comments will apply to everyone of us, male or female," Farrell said. "History is how each of us have gotten to where we are whether it was long in the past or what happened to each of us as individuals yesterday.  It’s all HISTORY and its effect is profound on tomorrow.

> Register here

WORKSHOP

Learn About the Federal Government as Your Customer

March 21
8:30-10:30 a.m. 

SBA Nebraska District Office, 10675 Bedford Ave., Suite 100, Omaha.

Speakers include representatives from: SBA Office of Government Contracting SBA Office of Business Opportunity NBDC Procurement Technical Assistance Center In cooperation with 55th Contracting Squadron, Offutt Air Force Base U.S. Army Corps of Engineers, Omaha District

An overview of selling to Local, State and Federal government, including navigating the System for Award Management; where to find bids on the Internet; Federal Business Opportunities; and SBA certifications, such as HUBZone and 8(a) Business Development.

> Registration required

Lenders:  

Are you taking advantage of CAPLines for your small business customers?

The CAPLines program is designed to help small businesses meet their short-term and cyclical working capital needs.   The programs can be used to finance seasonal working capital needs; finance the direct costs of performing certain construction, service and supply contracts; finance the direct cost associated with commercial and residential construction; finance operating capital; and consolidate short-term debt. SBA provides up to an 85 percent guarantee.

Contact one of our lender relations specialists below to learn more:

Mike Niehaus
Deborah Wilson
Mike Marsh

 

SBA help proves part of success story for Omaha's small business climate 

City ranks 12th nationwide on the Business Journals list for 2013 among major markets in small business vitality 

Access to capital from the U.S. Small Business Administration helped Omaha rank 12th among 102 major metropolitan markets nationwide in terms of 2013 small business vitality as calculated by the Business Journals, according to the SBA’s Nebraska District Office.

Omaha’s place on the index was the highest of any market in SBA Region VII, which encompasses Nebraska, Iowa, Missouri and Kansas.

The Business Journals’ On Numbers report used a six-part formula to rank each of the metropolitan areas in the study on such factors as small-business growth, population and private-sector employment. The On Numbers Economic Index is anchored to 18 statistical indicators, ranging from private-sector job growth, unemployment rates and personal earnings to housing-price appreciation and construction and retail activity.  The best scores went to areas highly conducive to the creation and development of small businesses. The study defined a small business as any private-sector employer with 99 or fewer employees.

>Read more 


Women's Entrepreneur Conference March 20 in Grand Island

Nebraska District Office

Address

10675 Bedford Avenue
Suite 100
Omaha, NE  68134

Phone: 402-221-7211
Email
Website

Ask us how we can connect you with technical assistance and counseling, and financing options to start or grow your small business 

Office Directory

Leon Milobar, District Director
402-221-3620 
Kathleen Piper, Deputy District Director
402-221-7205
Mike Niehaus, Lead Lender Relations Specialist
402-221-7210
Barb Foster, Lead Economic Development Specialist
402-221-7212
Michael Foutch, Public Information Officer
402-221-7211

SBA Resource partners