SBA Alabama District Office June Newsletter

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Alabama District Office - Newsletter June 2022  

u s small business administration

Recap on June events

Two people sitting at a table with SBA logo on the front

 

On June 2, the Alabama District Office participated in a Birmingham community-wide resource fair at the Birmingham Public library. Public Libraries are one of the many great free resources to get help with your business "market research", which is often a valuable component to creating a business plan. Through market research, a new business can discover target markets for their good or service. Consider asking your local librarian about business market research and other resources.

 

three people each holding holding checks

 

On June 17, the SBA Alabama District Office participated in the Igniting Possibilities Black Business Expo presented by strategic partner, IGNITE! Alabama, and sponsored by Prosper Birmingham's Magic City Match a grant program funded by Prosper and presented by IGNITE! Alabama, REV Birmingham, and Urban Impact Inc. Magic City Match distributed $500,000 to help grow Black-owned businesses in the Magic City. It is designed to increase business competency, provide access to capital and give new market opportunities to Black business owners with brick-and-mortar locations in Birmingham.

After having received over 850+ applications, only 25 were selected to undergo an intensive 8 week business curriculum. Upon successful completion of program and business pitch competition, each business owner walked away with grant dollars, with the top person receiving $100,000. 

In addition to the winner announcement, the expo brought together valuable business resources from SBA's local resources partners, (ASBDC and PTAC), and local strategic partners, (REV Birmingham, Urban Impact, Ignite Alabama!), and many other valuable resource organizations showed their support. 

Check out full program

Here

Alabama Small Business Success Story

A Story of Persistence and Resiliency:

 

Women sitting in banquet hall

How securing SBA financing helped the Bottling Plant Event Center in Opelika Alabama get their start and helped them recover from the pandemic

Following a successful career working for nonprofits where Lisa Ditchkoff did case management work, coordinated events and fundraising, she embraced the idea of starting her own event planning business and hoped to one day to own her own unique venue. While Lisa dreamed big, she knew she would need to start small. She began by starting a small event planning business in 2003, operating out of her home for the first year while she built her clientele. In 2008, Lisa drove by the former Coca-Cola bottling plant in downtown Opelika, Alabama and saw a “for sale” sign. Lisa recalled, “I really wasn’t necessarily ready for the challenges that lay ahead, but I walked in there – and all I could see was people everywhere.”

See full story

HERE

 


Announcement

SCORE provides free and confidential business mentoring to start-ups and existing small businesses

Alabama SCORE

Alabama SCORE chapters are looking for experienced business owners or retired business owners to volunteer as a mentor to support aspiring entrepreneurs and start-ups. Consider volunteering and sharing your knowledge and expertise with others!

Join today!

 

Upcoming events

Funding Programs for Your Small Business Information Session

Alabama District Office presents...

Overview of SBA lending products and what lenders are looking for.

Dates Coming Soon!

Veterans Business Outreach Center (VBOC)

The VBOC is located at Mississippi State University but provides business education to veterans in Louisiana, Mississippi, and Alabama. Some upcoming events include but are not limited to: "Government Contracting Webinar on June 24, Social Media Webinar on June 29, and  "Boots to Business" coming to Huntsville, Alabama on July 20th!

See all VBOC events here!

 

Alabama Small Business Development Centers (ASBDC)

The ASBDC network are affiliated with major universities through out Alabama state, they routinely conduct valuable webinars for folks looking to start or grow their business. Some upcoming events include but are not limited to: "How To Start A Business in Alabama and Write A Business Plan" on June 22, "Strategies to Increase Your Sales" on June 28, and "QuickBooks Introduction" on July 7.

Alabama Procurement and Technical Assistance Centers (APTAC)

The APTAC network are affiliated with major universities through out Alabama state, they routinely conduct valuable webinars for folks looking to learn more about procurement and government contracting. Some upcoming events include but are not limited to: "Federal Procurement: Finding Opportunities" on June 28, "Build your Space and Missile Defense Network" on June 29, and "Federal Procurement: Responding to Opportunities" on July 19. 

 See all ASBDC and PTAC events here!

 

The Catalyst Center for Business & Entrepreneurship 

The Catalyst Center serves entrepreneurs and small business owners in every stage of business. They aim to provide best-in-class coaching, in-demand services, and relevant programs to foster small businesses’ success. Some upcoming events include but are not limited to: "LinkedIn Makeover" on June 23, "bam! Loan Clinic" on June 29, and "Small Business Certifications for government contracting" On June 30.

See all Catalyst events here!

 


Disaster Recovery - Alabama

eidl

Deadlines for Local Disasters are Approaching

If you are a business owner who lives in Bibb, Blount Greene, Hale, Marengo, Tuscaloosa or Perry counties AND your business was impacted by the Tornado that occurred on February 3, 2022, then you may be eligible for a disaster loan. The disaster injury disaster loan (EIDL) application deadline is December 7, 2022

Each year, the SBA provides billions of dollars in low-interest, long-term disaster loans to help small businesses, homeowners, and renters recover from declared disasters. Loans may cover: real estate, personal property, economic injury, machinery & equipment, inventory, and active duty military. Learn about to apply: watch video

See all disaster declarations

Here