REAP News

Bookkeeping Basics Sessions Held at New Venture Center

The Merrick County Foundation and REAP joined forces to facilitate training for entrepreneurs with the assistance of a grant from the Building Entrepreneurial Communities Act (BECA). BECA funds allow communities to provide assistance to small businesses and potential business owners at an affordable cost.

Business Plan Basic Training in Imperial

Imperial is the site for REAP’s five-week Business Plan Basics training. The topics are being covered in Spanish and include Marketing, Advertising/Promotion, Customer Relations, Financial Management and Goal Setting.

Stepping Up During Difficult Economic Times

The past several years have been tough, and small business survival is a major concern. Discretionary spending often determines if a small business will make a profit. In a recession, discretionary income takes a sharp downturn. Other economic factors exert pressure as well. Markets continue to be squeezed from increasing competition, diminishing loyalty in local purchasing, and, in some cases, shrinking markets. The bottom line – small businesses are struggling to keep their heads above water. Owning and operating a small business is hard in the best of times. It’s doubly tough during the worst of times.

REAP Lending: Over Half a Million in Loans Made

REAP loan programming had an exceptional year from July 1, 2008, to June 30, 2009. We placed 52 loans totaling $572,300 during this time frame. Of this total, one loan of $950 was placed through the Quick Grow Express Loan, 22 loans totaling $83,650 were placed with the REAP Rapid Loan, and 29 loans totaling $487,700 were placed through the REAP Direct Loan.

REAP Women’s Business Center Year in Review

The REAP Women’s Business Center (WBC) turned eight in October 2008. That date also marked the 3rd year of our sustainability funding. Through ¾ of the year, REAP business specialists have provided 1,672 hours of business counseling to 380 clients. Seventy-three training opportunities were offered, reaching 1,084 people – 60 percent women. Approximately 62 start-up businesses have received assistance.

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