Small Business Development Centers (SBDC) and You: What is available to me?

29. May 2020 16:18

By: Laurie Wolff, Certified Global Business Professional

If you missed funding in the initial rounds of the CARES Act stimulus, it is not too late to connect with your local Small Business Development Centers (SBDC) for help.  Some states, for example New Jersey,  have released new grant programs for small business as they have received their own federal funds.  A variety of nonprofits are raising funds to assist business, sometimes limited to particular regions or to particular types of business owners, such as women and minorities.  These programs are usually small grants, but those that receive them often get other help such as business counseling. 

As the need continues, I’m confident new funding will get raised and distributed.  Even if nothing is available for your business at this moment, the staff of the local SBDC is likely to learn of anything new as it comes along.  In New Jersey, businesses that applied but did not receive funds because the money ran out are getting priority in the second round.   

SBDCs can also provide counsel on best practices for managing cash flow, identifying new customers and potential markets, pivoting your business and other assistance to weather the crisis even if direct grants are not available.  They are a gateway to connecting your business with a network of service providers and resources to help you grow.

To find help near you, visit https://www.sba.gov/local-assistance/find/

Too see more from Laurie, be sure to check out her sessions Trade Finance: Getting the Funding You Need and Managing Risk for Exporters and Identifying New Export Markets and Customers at the IWF 2020 Education Conference.

Reach Laurie Wolff c/o IWFNetworkNews@iwfatlanta.com   

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