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Get a Fresh Start for the New Year with SBA Resource Partners

Release Date: 
Thursday, December 4, 2014
Advisory Date: 
Thursday, December 4, 2014
Advisory Number: 
15-1205KY

By Cassius F. Butts, Regional Administrator, U.S. Small Business Administration

At the U.S. Small Business Administration (SBA), we focus on jumpstarting and elevating America’s small businesses. Collaboration with SBA resource partners is essential to our mission to help small businesses, the engines of our economy, start and grow effectively.

SBA resource partners provide quality one-on-one confidential counseling and mentoring, as well as training, all of which can help to unleash your small business potential. In the past twelve months, these efforts helped small businesses obtain $4.7 billion in capital infusion, start over 13,500 new companies, and create and retain more than 70,000 jobs.

SBA resource partners are available to help you build your small businesses, whether or not you have received other SBA assistance. Our resource partners focus on your small business needs or concerns.

SBA’s resource partner network is comprised of Small Business Development Centers, SCORE Chapters and Women’s Business Centers. There are also 15 Veterans Business Outreach Centers in the country set up through cooperative agreements with SBA’s Office of Veterans Business Development.

SBA’s resource partners make small businesses a big deal with a large impact. Small Business Development Centers (SBDCs) counseled and trained 485,487 clients; SCORE assisted nearly 442,000 clients, and Women's Business Centers (WBCs) provided assistance to 140,037 clients.

SBA’s vast network of resource partners is smart, bold, and, accessible. They serve and mentor a diverse group of clients, including women, entrepreneurs over the age of 50, veterans, and millennial entrepreneurs. These SBA resource partners have helped the small business community obtain capital to start and grow new companies and sell billions of dollars in products and services globally.

One business that received SBA resource partner assistance is Marine Solutions, Inc. in Lexington, KY. The company offers marine engineering, bridge engineering, marine construction and commercial diving services. Amy Wilkins, owner and founder, worked with the Bluegrass SBDC in Lexington to develop a business plan and projections. The company then obtained an SBA loan to restructure debt, expand the company’s line of credit and obtain government contracts.  A second SBA loan enabled the company to acquire a similar firm on the east coast.  Since its inception in 2008, Marine Solutions has grown to 37 full-time and 21 part-time employees.

If you are interested in starting, growing or better managing a small business, connect to the SBA Kentucky District Office at www.sba.gov/ky. You can also search the nearest SBDC, SCORE and WBC office on this site to improve your small business.