Entrepreneurs in Nebraska are served by REAP staff across the state. The staff is organized by
region. We share a glimpse of activities from every part of Nebraska. You can see the 5 REAP service
REAP was started by the Center for Rural Affairs in 1990 to meet the needs of the self-employed in
the rural Midwest. A Center study in the late 1980’s demonstrated a high rate of self-employment in
rural areas, but no economic development strategies to help this sector. REAP was a leader then and
continues to be.
Last year, we added a Spanish language option to the REAP Online Lending System. Our maximum loan
amount increased to $50,000, the Rapid Loan to $10,000, and the definition of micro services rose to
include businesses with 10 or fewer employees.
Many banks have either steered away from small business lending or have severely tightened their credit standards. It’s no secret small business lending is very risky in normal times. Programs like REAP assist entrepreneurs in finding traditional and non-traditional sources of income.