Small Business News

Business Planning 101

The most effective development strategy for rural communities is small entrepreneurship – locally-owned and operated small businesses.

The first step in creating a small business is having a great idea. Next is writing a good business plan to help you make superior business decisions. Business plans are also crucial to obtain financing.

Think of a business plan as a resume for your business that should be written down and formalized. In general, it contains:

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. 

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