REAP Notes

 

Latino Business Center: We’re having a good time

We are happy to announce our new loan initiative, the New American Loan Fund Credit Builder Loan Program.

This product will help create credit history and make our clients bankable so they may expand their businesses in the future.

The New American Loan Fund creates a financial path for individuals who are looking to start a business but do not qualify for government loans or loans through traditional lenders.

To date, $800,000 has been loaned to individuals through the New American Loan Fund.

REAP Women's Business Center: Eight trainings recently completed, more planned

Rural Enterprise Assistance Project (REAP) Women’s Business Center continues to partner with local organizations to offer “Online Marketing Strategies.”

In June, training sessions were held in O’Neill, Valentine, Ainsworth, and Alma.

We also offered a “Facebook for Business” session in Sidney.

One key to business success is accurate and timely recordkeeping. QuickBooks trainings were held in O’Neill and Hartington this spring.

A “Business Plan Basics” course was offered in Walthill in cooperation with the City of Walthill.

From the desk of the executive director: people powered capital

Almost weekly, I read surprising new statistics about capital concentration.

The eight richest people in the world now control as much capital as half of the world’s population. The richest 158 families in the United States were the source of more than 50 percent of early cash in the last presidential campaign cycle. The world’s largest company is worth half a trillion dollars.