SC Small Business Dispatch

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October 2012

In celebration of SBA's record year supporting loans to South Carolina small businesses, we've dedicated the October issue of the SC Small Business Dispatch to the subject of small business financing.

News & Features

SBA Lending in South Carolina Reaches New Record

SBA-backed loans to South Carolina small businesses hit a record high of $222,857,800 in fiscal year 2012, surpassing last year’s record of $199,718,400.

> Read more

Small Business Words of Wisdom | Preparing for a Business Loan

Note: Each upcoming newsletter will include two of the following features: Words of Wisdom, Small Business Spotlight, or Business Best Practice.

One of the biggest obstacles to small business financing starts with the small business owners themselves – They simply aren’t prepared when they sit down with the lender.

The SC District Office Dispatch sat down with Gregg White, Lead Lender Relations Specialist with the South Carolina District Office, to discuss the information that is essential to obtaining a business loan… which happens to be information that many entrepreneurs don’t provide. 

> Read more

Small Business Spotlight | Tabby Fabric and Studio

Last October, Rhonda Jordan’s husband asked her what she wanted to do with her life. “Run a fabric store,” she answered. In March 2012, her dream became a reality when she opened Tabby Fabric and Studio in downtown Beaufort. Just months after starting, the business was breaking even.

Rhonda credits three factors for Tabby Fabric’s successful start: the business plan, SBA financing and her own ingenuity.

Tabby Fabric and Studio

 > Read more

SBA Lender Activity in SC | FY 2012 in Review

More than 50 financial institutions helped drive South Carolina's record-breaking SBA lending totals in fiscal year 2012, which ran from Oct. 1, 2011 through Sept. 30, 2012. Did your financial institution make the list?

> Read more

Upcoming Events | November

Small Business Resource Day seminar -- Nov. 14 in Columbia, SC  > Read more

Small Business--Lender Matchmaker -- Nov. 29 in Charleston, SC  > Read more


SBA SOUTH CAROLINA TEAM & NEWS

> What We Are    |    > Where We Are    |    > Who We Are

AARP, SBA Targeted Entrepreneurs 50+ with First National Encore Entrepreneur Mentor Day

SC's Encore Entrepreneur Mentor Day event

On Tuesday, October 2, SBA and AARP teamed up to present the first National Encore Entrepreneur Mentor Day--a day to recognize and encourage entrepreneurs 50 and over. As part of Encore Entrepreneur Mentor Day, the SBA South Carolina District Office partnered with AARP South Carolina to present Retirement Reimagined: Starting a Business as a Second Career at the AARP's state office in Columbia.

The highlight of the Retirement Reimagined event was a two-hour long entrepreneur-mentor matchmaker. Using a speed-dating style format, the matchmaker helped attendees connect with successful entrepreneurs and small-business experts to find the resources, ideas and advice they needed to build and grow their own businesses.

For more information on "Encore Entrepreneurship," see www.sba.gov/encore.

Is there a topic you'd like to see covered in a future issue of the SC Small Business Dispatch? Email Anna Huntley at anna.huntley@sba.gov.