New business startups creating jobs in Nebraska
OMAHA, Neb. – The U.S. Small Business Administration office in Omaha reported it approved 377 loans totaling $130.9 million across Nebraska during fiscal year 2014. It is the fourth-highest loan number in state history. The fiscal year ended Sept. 30.
The SBA reported the small business loans helped create 1,500 new jobs, and helped retain more than 2,500 jobs.
The dollar amount was a 6.7 percent increase over fiscal year 2013, and reflected a trend that Nebraska is outpacing the nation in dollar volume for new businesses. The average dollar amount of a loan was $347,475, an increase of nearly 14 percent over FY 2013.
Loan numbers showed 45 percent of SBA loans in FY 2014 were for new businesses. While most of the loans went to businesses in urban areas, 107 loans went to small businesses in rural parts of the state.
“Nebraska’s economy always has been built on the foundation of the success of our small businesses. We’re proud to support the men and women who get up every day, turn the storefront signs from closed to open, and make our state run,” said SBA Nebraska District Office District Director Leon Milobar. “We’ve seen small businesses have done a great job obtaining the critical financing they need to have the ability to respond and adapt quickly to the ever-changing economic climate.”
Source: Lincoln Journal-Star