Helping today's entrepreneurs create tomorrow's economy.
By providing entrepreneurs and small businesses with the tools they require to build and grow successful businesses, the Ä¢¹½tv Small Business Development Center is having a positive impact on our region and the Commonwealth.
Between October 1, 2020 and September 30, 2021, more than 2,000 hours of service were provided to our clients using a combination of experienced faculty, professional staff, and students.
| Number of clients counseled | 202 |
|---|---|
| Number of new clients | 91 |
| Bought/Started a Business | 15 |
| Educational Seminars | 10 |
| Seminar Attendees | 115 |
| Total Financing Raised | $5,689,950 | |
|---|---|---|
| Equity and Owner Investments | $243,500 | |
| Commercial Bank & Other Loans |
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| SBA Loan |
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| Seller Financing | $2,302,500 | |
| Angel Investment | $30,000 | |
| Lines of Credit | $400,000 | |
| COVID-19 PPP Loan | $ 43,000 | |
| Grants | $ 8,000 |
These funding totals do not include the clients counseled who received money under the SBA's Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) loan programs.