The Southeast Nebraska Development District has received nearly a quarter million dollars from USDA Rural Development.
SENDD has received a total of $223,000 through the Intermediary Relending Loan Program. The funds will establish a revolving loan fund for a 15 county area in southeast Nebraska.
According to SENDD Executive Director David Taladay, the fund will allow the development district to help finance new business start-ups and expand existing businesses. Taladay says they had little loan capital left after successful lending of their existing revolving loan program.
To date, SENDD has made 22 loans to 21 businesses, with loan funds totaling more than $1.7 million. It’s estimated those loans have helped create or retain more than 275 jobs.
SENDD’s membership currently includes Richardson, Pawnee, Otoe, Nemaha, Johnson, and Gage Counties, as well as several municipalities in those counties.
© Many Signals Communications
MOST VIEWED STORIES
Atchison apt fire claim's toddler's life, injures others
Four arrested for illegal activity on Kickapoo Reservation
Two search warrants, two Horton homes, two arrests
Document forgery alleged in ATCO's Walnut Township
Two Brown Co officers honored for their bravery
Whiting woman pleads to theft of fire dept. funds
Wetmore man arrested on child sex-related charge
One injured in Nemaha Co wreck
Flags across KS to fly half-staff Sunday
Walnut Township Treasurer removed; votes unofficial until canvass
Winning lottery ticket sold in Falls City about to expire
Two men arrested in Jackson Co for distribute of meth
Tornado damage surveyed in NE KS
TX man to stand trial on charges in fatal Jackson Co crash
Local judge files for re-election
Atchison in running for national fireworks honors
Trail rides ending at Indian Cave State Park
LATEST STORIES
Chiefs' Butker named Keynote Speaker for BC Commencement
Two stop legislative coffee talks set for Saturday
BC's Pate remembered by students, college family
Falls City Council approves permit for goats in city limits
Grant awarded to Falls City Library and Arts Center
Nebraska City man to serve on Peru State College Foundation Board
Fairfax man injured in tractor accident in Atchison County MO
Doniphan Co Commission approves zoning change