Contact Rural Enterprise Assistance Project-Center for Rural Affairs
- Address
- 145 Main Street P.O. Box 136 Lyons, NE 68038
- Phone
- 402-687-2100
- Website
- cfra.org
- [email protected]
Where they lend
Rural Enterprise Assistance Project-Center for Rural Affairs is an SBA-approved microloan intermediary serving Nebraska.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Rural Enterprise Assistance Project-Center for Rural Affairs, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Rural Enterprise Assistance Project-Center for Rural Affairs will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
