News and Announcements

SBA Says The SBDC Helps Businesses to Access New Capital

“America’s SBDCs is proud to play a critical role in the health of small businesses. The success of our clients is a sign of the shared hard work of our advisers and our clients. For almost 40 years, small businesses have been going to their local SBDCs, building relationships and getting the training, financing and expertise they need to thrive,” said Charles “Tee” Rowe, President & CEO of America’s SBDC.

The 62 state and regional Small Business Development Center Networks provide free one-on-one coaching to small businesses through nearly 1,000 locations. Job growth for SBDC clients is nearly 15.3% versus the national average of 1.3% and SBDC client sales growth is nearly 4.3 times greater than sales growth for businesses in general.

According to data provided by the Small Business Administration (SBA), every federal dollar spent on the SBDC network helped small businesses access $47.98 in new capital. In 2017, SBDC clients started a new business every 35.7 minutes, created a new job every 5.6 minutes and generated $100,000 in new sales every 7.5 minutes. America’s SBDCs ate the nation’s proven, cost effective, and accredited infrastructure focused on small businesses.