Senate Amendment Supports Funding for Micro Programs

On March 14, 2005, Maine U.S. Senator Olympia Snowe, Chair of the Senate Committee on Small Business and Entrepreneurship introduced an amendment to the Fiscal Year 2006 Budget Resolution, which the Senate passed by unanimous consent.

This amendment would provide an additional $78 million for the SBA Microloan Program, Small Business Development Center Program, Women’s Business Center Program, HUBZone Program, Veteran’s Business Development Program, and other small business programs.

The Rural Enterprise Assistance Project (REAP) has been an SBA Microloan Intermediary since 1992. The SBA Microloan program is the place where REAP and close to 200 other similar organizations in the United States receive their loan capital and technical assistance funds to serve you, the entrepreneur. REAP is also proud to operate Nebraska’s only SBA Women’s Business Center.