Small Business News

From the desk of the executive director: Where have all the bankers gone?

The Center for Rural Affairs first examined consolidation in the banking industry in a 1978 report, “Where Have All the Bankers Gone?”. We have long understood the critical link between credit, who has access, who doesn’t, and how it shapes communities.

That’s why a recent report in the Wall Street Journal caught my eye. It detailed how banking in rural communities has fared in the years since the financial crisis. 

Spindola is excited to develop meaningful relationships with borrowers

My goal is to help small towns in rural Nebraska stay vibrant places to live by creating new businesses, and assisting communities grow from the inside out. I want to keep small towns attractive for individuals to stay in or come back to their birthplace.

This job gives me an opportunity to provide assistance to individuals who are looking to start or expand their businesses. Part of my role as a Latino loan specialist is to help people with financing, technical assistance, and training.

Sandoval has led the Latino Business Center for 7 years

For 13 years, the Center for Rural Affairs’ Rural Enterprise Assistance Project (REAP) has operated the Latino Business Center (LBC). Two directors have led the LBC, starting with Adriana Dungan in 2005. In 2010, leadership transitioned to me.

Nancy Flock, Griselda Rendon, and former employee Imelda Catalan have worked as loan specialists serving entrepreneurs in southeast, central, and western Nebraska.

REAP believes in its work with Latino entrepreneurs in rural Nebraska. 

Speak up through advocacy

State and national policy directly impact how we live. With state legislative sessions in full swing, how can you help guide your representatives’ policy decisions? Speak up through advocacy.

Start with identifying your elected officials. On both the state and federal levels, you are represented by members of the House and Senate. Find your elected officials using your zip code at cfra.org/findyourlawmakers.

$665,000 more available in lending capital

Recently, we learned of a $665,000 grant awarded to our Rural Investment Corporation for lending capital. The Rural Investment Corporation is a subsidiary of the Center for Rural Affairs that is certified as a Community Development Financial Institution (CDFI). 

The award comes from the U.S. Department of Treasury CDFI Fund. This was our first ever application to the CDFI Fund for loan capital. We were among 303 CDFIs who were awarded $208.7 million to increase lending and investment activity in low-income and economically-distressed communities across the nation.

Pages

Get the Newsletter