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America’s SBDCs – a Valuable Resource for Small Businesses Well Beyond COVID-19

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Nothing can compare with the dramatic and widespread impact the coronavirus pandemic has brought upon small businesses. From forced lockdowns to mandatory restrictions, the swift about-face that small businesses were forced to make was more than many could endure.

The federal government’s SBA Covid-19 relief programs, such as PPP loans, grants and debt relief loans, were much needed and wildly popular. Yet, making sense of their rules, guidelines, tax implications, etc. has been challenging for many business owners, leading them to seek help from the nearest SBA office. Then they discover America’s SBDCs.

Since the pandemic, small business development centers have become a business owner’s near and dear friend. Many didn’t even know they existed before, but they’ve been around since the 70s. Here’s a few tidbits on what makes them such a valuable resource to small business owners.

  1. America’s SBDCs offer free and low-cost business assistance. Receive free consulting for business planning, development, and financing (including PPP loans and other SBA COVID-19 relief programs). Attend free and low-cost workshops for how to start, grow or buy a business or franchise. Access free resources for government contract opportunities, international trade, accounting, and more.
  2. America’s SBDC is a partner of the SBA and U.S. Congress. It also partners with many colleges, universities, and state governments across the country. Its mission is to help small businesses succeed, and help aspiring entrepreneurs achieve business ownership. helping small businesses succeed, and helping aspiring entrepreneurs achieve the American dream of owning their own business.
  3. America’s SBDCs are the leaders in job creation and growing communities. In 2020, the U.S. government invested $129.5 million in SBDCs which generated $258 million in federal revenue. For every dollar the federal government spent on SBDC programs, SBDCs generated $372 million in state revenue, and SBDC clients generated $7 billion in sales. Plus, SBDC helped their clients access $6 billion in financing, started 20,374 new businesses, and created over 91,000 new jobs.

America’s SBDCs have offices all over the United States. There are nearly 1,000 SBDCs in the U.S., as well as Puerto Rico, the Virgin Island and American Samoa. Search and find a local SBDC near you.

Publication: Article provided courtesy of BizBuySell

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