We enjoy collaborative relationships with Omaha’s premier lenders in an effort to improve the Omaha Metro Area through concentrated community development.
Omaha Small Business Network (OSBN) has been one of the leading sources for small and micro-business development in Omaha since its inception in 1982. We’ve helped countless small businesses move from ideation to execution by providing below market-rate office space in the heart of North Omaha, start-up counseling programs as well as low interest rate micro-loans to those unable to access traditional financing. OSBN is located in the heart of North Omaha on the corner of historic 24th Street. OSBN maintains a 50,000 square foot facility which is home to over 25 small and micro-businesses. OSBN also owns and or manages several other commercial bays along the 24th Street corridor that are available for lease at an affordable rate.
Omaha Small Business Network (OSBN) is a Community Development Entity (CDE) and Micro-Enterprise Development Organization (MDO) dedicated to bringing underserved local small business owners, entrepreneurs and nonprofits the tools needed to become successful and sustainable entities in Omaha, Nebraska.
OSBN is compelled by the desire to assist historically undercapitalized aspiring entrepreneurs achieve financial inclusion in Omaha’s underserved neighborhoods while improving economic mobility throughout the City of Omaha. OSBN assists entrepreneurs and small businesses through the business development life-cycle with core programs such as business development training, individual small business consulting, business plan development, micro-loans, loan package preparation and affordable commercial office for lease.
The primary objective of the main OSBN Business Technology Center (BTC) is to provide below market-rate commercial office space to new and existing businesses. OSBN attempts to bridge the gap between technical assistance, entrepreneurial training and small business financing by providing entrepreneurs with the assistance necessary to identify potential pitfalls within their business and learn how to take the necessary steps to efficiently solve them while keeping the business operating successfully – all under one roof. The OSBN BTC common facilities including a community conference room with wi-fi, computer lab and planning room are accessible to OSBN clients as well as the entire Omaha Metro Area. Offices in the BTC rent monthly at $1.59 per sq/ft for for-profits and $1.00 per sq/ft for non-profit organizations.
OSBN provides services to tenants and OSBN loan recipients including administrative support, training facilities, a computer lab and conference room spaces at no additional cost. OSBN also provides referrals, upon request, to low cost providers for bookkeeping, financial planning, marketing and communications services.
Additionally OSBN also partners with local businesses, community lenders and development centers including, Nebraska Enterprise Fund (NEF), the Small Business Administration (SBA) District Office, Nebraska Business Development Center (NBDC) and Catholic Charities lending programs to provide free or low cost training in the OSBN facility.
OSBN also hosts a free monthly Business Development Training series covering various topics designed for new and existing small business owners.
OSBN recently launched the Minority Contractors + Suppliers GROW loan pool and Personal Financial Education + Business Development Training to assist Omaha’s Minority contractors and suppliers. Through the generous support of local foundations and a partnership with Creighton University’s Financial Hope Collaborative, OSBN has been able to offer this 12 week training free of charge to any interested minority contractor and supplier.
Small and micro businesses face a variety of challenges on the path to profitability, but access to capital should not be one of them.
The OSBN Microloan program provides microloans up to $50,000 to help small businesses start and expand. Businesses requesting financial assistance from the OSBN loan program must meet several criteria including being located within the Omaha city limits east of 72nd Street and being turned down for capital from a traditional financial institution. Interest rates vary between 6 and 8 percent for all OSBN Loans.
The need for microlending assistance in Omaha has never been more apparent than in the fields of contracting and supplier based small and emerging minority owned businesses. OSBN has thoughtfully crafted a contractor and supplier specific GROW loan pool to assist with capital injections for the purposes of: mobility funds, capacity building and expansion, equipment purchase and general operating funds. GROW loan recipients may be required to participate in the Minority Contractors + Suppliers Business Education Training program.
OSBN also offers low interest rate microloans to small businesses within the federally recognized Enterprise Zone in North and South Omaha. All Enterprise Zone Loan businesses must be located within the Omaha city limits east of 72nd Street AND create employment within the areas of North and South Omaha where at least 51% of the jobs created are for residents of North and South Omaha.
All Community Loan businesses must be located within the Omaha city limits east of 72nd Street and demonstrate measurable economic development in East Omaha.