Connecticut's July Newsletter 2019

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Connecticut District Office  - July 2019

u s small business administration

SBA Awards $100k for Veteran-Owned Small Biz Growth Pilot Training Program

Business resources for veterans

SBA recently announced a partnership with the Veteran Entrepreneurial Training and Resource Network (VETRN) to establish a pilot training program for military veterans who are small business owners and their immediate family members.
The Veteran Owned Small Business Growth Training program will equip these entrepreneurs with the resources and networks necessary to grow their small businesses. An award of $100,000 from President Donald Trump’s salary from the second quarter of fiscal year 2018 will fund the program.

Starting in September 2019, this 26-week program based in Portsmouth, New Hampshire will feature 13 weeks of Saturday morning classroom sessions with 12 to 20 participants, as well as 13 weeks of peer-to-peer mentoring sessions. The course curriculum will include strategic planning, financial management, cash flow forecasting, marketing the small business, sales methods, human resources, developing a growth plan, access to capital, legal issues, and government contracting.

Applicants must be a current business owner with at least one year of operation and one employee (not including the owner), and annual revenues of $75,000 or more. Also required is the passion, dedication and commitment to grow the small business.

Veteran business owners interested in finding out more information or applying for the September 2019 program can visit the VETRN website to complete an application, or send an email to info@vetrn.org

You may also contact the Veterans Business Outreach Center of New England at (401) 427-6536, https://www.cweonline.org/About-CWE/Veterans-Business-Outreach-Center. To learn more about other SBA veterans programs and resources, visit https://www.sba.gov/vets

 

SBA Lender Decal

For the month ending June 30, 2019 our Connecticut monthly loan volume ranking was as follows:


7a - 491 Loans totaling $162,213,200
504 - 44 Loans totaling $30,156,000
Microloans - 38 Loans totaling $746,920
Total $193,116,120

For a complete listing please go onto our CT District Office website:https://tinyurl.com/yxdtv3gt


Summer Biz Counseling & Workshops

SBA resource partners provide business consulting, mentoring and training services

Gain the confidence to move forward with help from the SBA's Resource Partner Network. Whether you need to create a successful business plan, get expert advice on exnapning your business, or train your team, SBA's statewide network of resource partners is here to help. 

SCORE: The nation's largest network of volunteer business mentors harness the passion and knowledge of real world business executives to provide invaluable mentorship in person, via email or over video chat. Visit https://www.sba.gov/score to start working on your business goals.  In Connecticut there are six SCORE chapters with over 36 satellite offices statewide.

SBDC: Small Business Development Center counselors help entrepreneurs to realize their dream of business ownership and then remain competititve in an ever-changing global economy.  You have access to free counseling and low-cost training on topics such as marketing, regulatory compliance, technology development, and international trade. Contact your local SBDC at https://www.ctsbdc.com

Women's Business Centers (WBC): If you are interested in starting a small business, your local Women's Business Center (WBC) is a good place to start.  Tap into their national network of community-based centers for counseling, training, mentoring, and referrals.  In Connecticut there are four WBC's, in Derby, Hartford, New London and Stamford. To contact them please visit: https://ctwbdc.org.and https://hartford.edu/wbc.

 


Upcoming Events

Powering Rural: Creating a stronger economic environment for rural America

Small Business Workshop - July 11

Fairfield County SCORE Chapter invites you to an overview by two experts from UCONN Extension and CT Farmland Trust

  • How to Assess Property to see if it meets your needs options for lease vs own. Developing a plan to find Farmland State and Federal Programs available for restoring farms.
  • Agencies that offer funding and assistance;

Date: Thursday, July 11

Time: 6:30pm-8:30pm

Place: Easton Public Library, 691 Morehouse Rd. Easton, CT

Register: rakelley13@aol.com


Business Smart Toolkit

Entrepreneurship in 3 Easy Steps!

This workshop series lays the groundwork for helping new and aspiring entrepreneurs launch a business idea and understand the steps to building a business that is credit ready. The information is laid out simply in three modules. Come to all three or attend the one that fits your needs. The three modules focus on: 

  1. 7/12 - READY: Basics of Business Startup (Covers what you need to consider and prepare for in the early stages)
  2. 7/19 - SET: Essentials of becoming credit-ready (Where to get money; five C’s of Credit; how to prepare a business loan application)
  3. 7/26 - GO: How and where to find additional small business support and educational resources. (SBA District Office, SCORE, SBDC, Center for Women & Enterprise, Veteran’s Centers)

Place: New Britain Public Library, 20 High St. New Britain, CT 06051

Time: 3:00pm-5:00pm

Register: Aubrey Muscaro, (860) 224-3155 ext.155


wbc

Womens Business Center - Upcoming Workshops

July 12: Government Contracting - How to Avoid Common Pitfalls & Protect Your Rights on Federal Government Contracts (online)

July 31: A Business Owner's Financial World Series - Designing an Effective Exit Plan

For more info and to register call (860) 768-5681 or visit https://hartford.edu/wbc


WBDC-Community Coffee

Women's Business Development Council hosts Community Coffee / Café con la Comunidad - July 23

WBDC invites you to coffee or tea and treats so we can share experiences, challenges, and explore ideas for how we might support organizations and businesses owned by the Latino community of Southeastern CT.  As a community leader, your perspective is valuable and we want to understand where there are challenges and exciting opportunities for us to help with the free programs and tools we have available. 

Comience el día con una dosis de cafeína y una multitud de grandes conexiones para aumentar el impacto que podemos tener juntos en nuestra comunidad!

WBDC te invita a un café o té y refrigerios para que podamos compartir experiencias, desafíos, y explorer ideas de como podemos ayudar y apoyar a los dueños de organizaciones y negocios de la comunidad Latina del Sureste de CT. Como líderes de la comunidad Hispana, su perspectiva es valiosa y queremos entender dónde hay desafios y oportundidades para poderle ayudar con los programas e instrumentos completamente gratuitos que podemos ofrecerle.   

Date: Tuesday, July 23

Time: 8:30am-10:00am

Place: WBDC, 300 State St. Ste., 419, New London, CT

RSVP: (860) 574-9246