SBA Portland District Newsletter

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Portland District Office  -  Feb. 18, 2018

u s small business administration
African American History Month

Entrepreneurship is part of African Americans’ history… and future   

Administratory McMahon

By Linda McMahon, SBA Administrator      

Damon Hopson wasn’t sure his professional cleaning company, Consultant Services, Inc., could remain in business when his clients were past due on invoices, but an SBA-guaranteed loan in 2007 helped him bridge the gap. Since then, he has cut his debt, built his profit margin, and grown his workforce to 49 employees.

Vedas Bey developed a three-year strategic growth plan for her business, Steel City Contracting, LLC, through counseling she got in the SBA’s Emerging Leaders program and through her local SCORE chapter. Profits have risen 30% each year and the company has grown to staff of 15.

Corliss Udoema of Contract Solutions, Inc., was able to grow her professional staffing and management support service business with assistance from SBA’s 8(a) Business Development and Mentor-Protégé programs. She was recognized as the SBA’s Virginia Small Business Person of the Year in 2017. 

Read more about African American entrepreneurship 

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Additional Headlines

Jan Quinn

Application Deadline for Emerging Leaders Initative is March 1

Don't miss out on this unique opportunity to work with experienced coaches and mentors, attend workshops, and develop connections with peers, local leaders, and the financial community. There are limited seats available for this "mini-MBA" program running from April to October 2018. The SBA Portland District Office is currently accepting applications for the 2018 Emerging Leaders Class in Portland through March 1.

Apply Today

Piggy Bank

Savings Plans for Small Businesses

This self-paced training exercise is an overview of how to establish a long-term savings plan as a small business owner. The course will also explain the importance of creating a savings plan when launching a small business.


Take the Course

IRS 2018

Upcoming Events

Feb. 24 Simple Steps to Starting Your Business (SCORE)

This free three-hour program offers highlights of a SCORE seminar on the same subject.  This year we’ll cover the "Simple Steps" in two parts on February 24 and March 24, 2018 at the Longview Library. 

Mar. 13 Business Foundations I (Mercy Corps Northwest)

This three-hour study hall session is facilitated by a business plan coach that can answer questions as you write. In the chaos of life and work it can be really hard to carve out the time you need to sit down and actually write your business plan.

Mar. 15 Business Plan, Your Road Map to Success(SCORE)

This workshop is designed for those who are ready to start their business plan or who need to strengthen an existing plan. It covers all aspects of creating a strong, effective plan including: how to get yourself organized, writing about your unique business attributes, doing the marketing, sales forecasting, and producing the financial statements. 

For more events