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Glennis McClure, Program Manager – Nebraska Enterprise Fund February 12, 2013

Expanding Your Business Finance Options. Glennis McClure, Program Manager – Nebraska Enterprise Fund February 12, 2013. NEF - a Statewide Intermediary since 1994. Certified by the US Treasury as a Community Development Financial Institution (CDFI) in 1998.

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Glennis McClure, Program Manager – Nebraska Enterprise Fund February 12, 2013

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  1. Expanding Your Business Finance Options Glennis McClure, Program Manager – Nebraska Enterprise Fund February 12, 2013

  2. NEF - a Statewide Intermediary since 1994. • Certified by the US Treasury as a Community Development Financial Institution (CDFI) in 1998. Making sure that Nebraska micro and small businesses have access to capital, training and technical assistance. NEF’s Mission

  3. NEF Program Partners have helped provide “Opportunity Financing” to various businesses and entrepreneurs, all across Nebraska.

  4. NEF Program Partners • 9 Programs Statewide • All provide business development services • 2304 participants last year • FY ending 6-31-12: 178 total loans for $3.2M

  5. Micro & Small Business Development Services Business training & planning • Business plans • Marketing plans • Accounting • Mentors & networking May include one-on-one technical assistance or counseling Financing Micro /small business loans Leverage private financing

  6. Business Feasibility - Do benefits of offering your product or service outweigh the costs? Do the positives outweigh the negatives? SWOT Is there sufficient demand for your product or service? Can the product or service be provided profitably?

  7. Debt Financing Bank loans Lines of credit Term loans Guarantees (SBA /USDA) NEF CD Guarantee Microenterprise Loans Community Development Financing Home-equity loans Credit Cards Equity Financing Family and Friends Personal Funds Angel Investors Venture Capitalists Partnering Debt or Equity Financing

  8. Loan or Investor Request • Amount needed • Uses of the fund$ • Terms – Type of loan or request • Collateral • Financial performance measures • What are you contributing to the deal? Understand lending /investor policies and requirements

  9. The 6 C’s that Lenders /Investors Consider Credit & Financial History Character Capacity – ability to repay Collateral Conditions - future economic trends Capital – time & money

  10. Nebraska Enterprise Fund: Certificate of Deposit (CD) Guarantee for Bank Loans

  11. Direct Loans for Micro /Small Businesses

  12. NEF Direct Financing Assistance

  13. www.nebbiz.org 402.685.5500

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