guided by faculty advisers and SBA management-assistance experts. Like SCORE volunteers, they analyze and help solve the problems of small-business owners at their business establishments.Minority-Owned Businesses.Are you ready to start your business, but don’t know where to start or what opportunities are available to minority groups? The SBA provides information on federal government programs and services that help people start their own businesses.
MONKEY BUSINESS IMAGES/ SHUTTERSTOCK.COMSmall-Business Development CentersSmall-business development centers (SBDCs)(university-based groups that provide individual counseling and practical training to owners of small businesses) are university-based groups that provide individual counseling and practical training to owners of small businesses. SBDCs draw from the resources of local, state, and federal governments, private businesses, and universities. These groups can provide managerial and technicalhelp, data from research studies, and other types of specialized assistance of value to small businesses. In 2017, there were more than 900 SBDC locations, primarily at colleges and universities, assisting people such as Kathleen DuBois. Afterscribbling a list of her abilities and the names of potential clientson a napkin in a local restaurant, Kathleen DuBois decided to start her own marketing firm. Beth Thornton launched her engineering firm after a discussion with a colleague in the ladies’ room of the Marriott. When Richard Shell was laid off after 20 years of service with Nisource (Columbia Gas), he searched the Internet tirelessly before finding the right franchise option. Introduced by mutual friends, Jim Bostic and Denver McMillion quickly connected, built a high level of trust, and combined their diverse professional backgrounds to form a manufacturing company. Although these entrepreneurs took different routes in starting their new businesses in West Virginia, all of them turned to the West Virginia Small Business Development Center for the technical assistance to make their dreams become a reality.
SBA PublicationsThe SBA issues management, marketing, and technical publications dealing with hundreds of topics of interest to present and prospective managers of small firms. Most of these publications are available from the SBA free of charge. Others can be obtained for a small fee from the U.S. Government Printing Office.The SBA Provides a Variety of Services.When disaster strikes, the SBA makes available relief for stricken businesses. For example, the SBA provided disaster relief to small businesses affected by Hurricane Sandy.ZUMA PRESS, INC./ALAMY STOCK PHOTOhelpMain content
5-5cSBA Financial AssistanceSmall businesses seem to be constantly in need of money. An owner may have enough capital to start and operate the business. But then he or she may require more money to financeincreased operations during peak selling seasons, to pay for required pollution control equipment, to finance an expansion,