Loan Application

Omaha 100 is excited to partner with you!

SSBCI MATCHING LOAN PROGRAM

Omaha 100’s SSBCI Matching Loan program is designed to help small businesses thrive by providing essential funding. As part of the State Small Business Credit Initiative (SSBCI), our loans come with specific guidelines to ensure they are used effectively to foster growth and innovation.

Understanding the Required Loan Match

To maximize the impact of our SSBCI Matching Loans, borrowers are required to provide a 1-1 loan match. This means for every dollar you borrow; it must match with an equivalent loan dollar from another lending institution. For example, if a bank is doing a $25,000 loan, we can match up to $25,000. This ensures that you are equally invested in the success of your business venture.

How You Can Use SSBCI Loan Funds

SSBCI loans are designed to support a wide range of business needs. You can use the funds for:

  • Working Capital: Cover day-to-day operational expenses to keep your business running smoothly.

  • Equipment Purchase: Invest in new machinery or technology to enhance productivity and efficiency.

  • Business Expansion: Open a new location, increase your service capacity, or enter new markets.

  • Inventory: Stock up on products and materials to meet customer demand.

  • Marketing and Advertising: Boost your business visibility through targeted marketing campaigns.

  • Hiring and Training: Grow your team and develop their skills to improve business operations.

  • Renovations and Upgrades: Improve your physical space to create a better environment for customers and employees."

What You Cannot Use SSBCI Loans For:

To ensure that our funding is used responsibly and effectively, SSBCI loans cannot be used for the following purposes:

  • Real estate investment properties

  • Refinancing of existing debt

  • Repaying delinquent taxes

  • Speculative activities or gambling

  • Lobbying or political activities

  • Any other non-business purposes

  • Wildcatting

How to Get Started

Ready to take the next step? Here’s how you can apply for an SSBCI matching loan:

  1. Check Your Eligibility: Review our criteria to ensure you qualify.

  2. Prepare Your Documentation: Gather all necessary financial statements and business plans.

  3. Submit Your Application: Complete our online form with your business details.

  4. Loan Matching: Provide proof of your matching funds.

  5. Review and Approval: Our team will review your application and contact you with the next steps."

Lending FAQ’s

  • Letter of intent or promissory letter from the matching source.

  • We can help with bank relationships or get you in touch with other CDFI’s

  • Yes, the bank has its own process and approval committee.

  • Each Borrower’s application is unique. With timely submission of all documents, underwriting can take up to 6 weeks.

  • Our lending guidelines are more flexible than traditional banks because our purpose is community impact, not profit. While we review all aspects of a loan request in our decision-making process, we can take more risks due to our mission.