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GO-Biz Awards $2 Million to CA SBDC Network for Capital Infusion Assistance

SACRAMENTO – Building on efforts to support small business owners, the Governor’s Office of Business and Economic Development (GO-Biz) today announced the awarding of $2 million in matching grants to 34 Small Business Development Centers throughout the state of California to assist small business owners and entrepreneurs in obtaining capital.

“Helping business owners secure the capital they need to start and grow their business is a core objective for the CA SBDC,” said Jesse Torres, Chair for the CA SBDC Leadership Council. “We are tremendously grateful to Governor Brown for his leadership in supporting small businesses in our state and to the GO-Biz team for their tenacity in making it possible for our services centers to expand their urgently needed free consulting services to entrepreneurs and business owners throughout the state.”

The 2014-15 state budget signed by Governor Brown authorized one-time grants through the creation of a new program called the Capital Infusion Program (Program). The program offers the California Small Business Development Center (SBDC) network grant funding to provide one-on-one business consulting services to assist small businesses with capital infusion including SBA loans, non-SBA loans, non-traditional lending, and non-owner equity investment.

“Small business owners are the engine of the California economy and access to capital is the fuel they require to continue growing and adding jobs,” said GO-Biz Small Business Advocate Barbara Vohryzek. “The funding provided by GO-Biz will help position small business owners to better compete for loans they might not have otherwise received.”

Through the grant program, which will be matched on a one-to-one basis by federal funds, the SBDCs will deploy regional consulting programs in order to increase the number of small business owners and entrepreneurs receiving debt and private capital financing. The program will operate for a year with metrics reported out on a semi-annual basis.

Through its network of centers, California’s SBDC Network provides free consulting and low-cost training to more than 63,000 small business owners every year. The SBDC network is a national program funded in part by the U.S. Small Business Administration that relies on the support of match funders in order to provide regional services.

For more information on the California SBDC program, or to find a Small Business Development Center near you, go to www.californiasbdc.org.

Wells Fargo Helps Fund Small Business Development Center

NATIONAL CITY – The South San Diego Small Business Development Center will be able to increase services to small business owners, thanks to a $50,000 grant from Wells Fargo Bank.

In a check presentation ceremony Jan. 20, Wells Fargo San Diego Area Bank President Ernesto Arredondo said the grant is part of the bank’s commitment to the betterment of the small business community.

“Wells Fargo is committed to supporting the financial needs of our communities,” Arredondo said. “The grant will provide much needed services to small businesses that are the backbone of our local economy. At Wells Fargo we say, ‘Small is Huge,’ and we are proud to support all of the efforts of the San Diego Small Business Development Center in helping local businesses succeed.”                 

Arredondo presented the check to Southwestern College Superintendent/President Dr. Melinda Nish at the regular Advisory Board meeting for the San Diego – Imperial Valley Regional Small Business Development Network. South San Diego SBDC is one of three centers serving the border counties in California.

“These funds will help us to serve additional businesses in the San Diego region,” said Aleta Wilson, San Diego – Imperial Valley SBDC Regional Director. “At the South San Diego SBDC, we are committed to helping entrepreneurs achieve their goals by starting and growing their businesses. Our team of Business Advisors has a wealth of knowledge and experience to help small business owners in all areas,”

 In addition to Arrendondo, Wells Fargo was represented by Wendell French, VP Community Development Officer; Daniel Stracener, District Manager; and Luis Gonzalez, Assistant VP Regional Corporate Communications.

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Volunteer for the SBDC

Becoming an SBDC volunteer is a hugely rewarding experience. You get to help build the business community within San Diego and Imperial counties, which helps the local economy. Our biggest need is for volunteer advisors in finance, but if you have a background in marketing, management, international commerce, manufacturing, law, administration, human resources and office management, we can use your help as well.

As an advisor, you will meet with local business owners and entrepreneurs to help guide them through your areas of expertise. You never have to implement, just advise and counsel. You can also give workshops, attend fairs and trade shows, help out in the office as well as assist with SBDC marketing and planning.

Though the SBDC does not allow self-promotion, volunteering as an advisor helps you build credibility and authority within your field of work. To learn more about contributing your time to the SBDC, send an email to cholland@swccd.edu and let us know you’re interested. We’re looking forward to hearing from you.

SBDC's Blog Post Link

Become a Guest Blogger

Are you a successful business professional in San Diego or Imperial counties? Do you enjoy helping others succeed? If so, the SBDC has opportunities for guest bloggers to contribute to the SBDC blog. Your posts will help hundreds of local entrepreneurs and business owners learn valuable lessons that will help them become successful.

What are the benefits of becoming a guest blogger?

Other than providing a great service to those who can use your help, guest blogging has other benefits as well. Since the SBDC is a nonprofit resource that has helped thousands of business owners across the country, your involvement will help establish credibility within your field. Others will recognize you as an authority for the topics on which you post.

Though the SBDC strictly prohibits self-promotion on its blog, you will receive a link from your author signature to a web profile of your choice. Most authors link back to their own website. Google and other search engines view such links favorably and your web property may benefit from it in search results.

What topics does the blog cover?

Simply put, you can write about any business related topic that provides benefit to the reader. Our readers are mostly entrepreneurs and other business owners. Topics may include sales & marketing, management & leadership, accounting & payroll, international commerce, web design, digital marketing, business planning, employee relations, economics, work/life balance and motivation.

All posts will be reviewed and approved by SBDC staff. Posts cannot contain hateful or offensive material nor can they be self-promoting or contain links to other web properties. They must be written with proper usage, grammar and sentence syntax and should be scanned by a spell checker. Posts must be at least 450 words and should not be more than 2000. All content posted on the SBDC blog must be unique and will be cross-referenced with a plagiarism checker.

How do I inquire about guest blogging with the SBDC?

Send an email to info@sbdcnetwork.org with the subject title: Guest Blogger. Submit a Bio and give us a few topics on which you would like to write. Please provide examples of your work if available.

Link to SBDC's Blog

How can the SBDC help me with my business?

The Small Business Development Center helps both start-ups and existing businesses in many ways. We’ve listed a few of those areas below, but if you don’t see what you’re looking for, contact us anyway. The SBDC assists and advises in all things business. If we don’t have the help you need, we’ll be able to point you in the right direction (though, we likely can provide you with the help you need).

Financial Assistance

One of the most common areas the SBDC helps with is financial assistance. Advisors from the SBDC will help you prepare everything you need to obtain a small business loan from the SBA, local bank or other institution. We’ll make sure your business plan contains all the right information and is crafted for lender approval. Many of our clients have been successful at getting the financing they need to take their business to the next level. And don’t forget, all counseling services from the SBDC are free to you.

Business Planning

Every business starts with an idea. A business plan takes that idea and puts it into a strategy that helps you achieve objectives. Think of it as a roadmap. You will need to set goals for your business. Those goals are your destination. Your business plan is the map that shows you how to get there. If you are going to need a business loan, then a business plan is absolutely necessary. Our advisors know how to craft effective business plans that not only help you get financing, but will help you achieve your business objectives as well.

Sales and Marketing

Developing your idea into a business is exciting, but you won’t grow until you start making sales. The SBDC has sales and marketing advisors that will help you craft a marketing plan that achieves real results. From customer acquisition to effective sales techniques, our advisors will help you find your customer base, evaluate your competition and identify sales opportunities either in person or online. Speaking of online marketing…

Digital Marketing

According to Google, 88% of consumers use the Internet to research a product or service before purchasing. If you are not taking advantage of this opportunity to promote your business, you are leaving a lot of money on the table. Not only does the SBDC offer web design and web marketing workshops, but our advisors will meet with you one-on-one to discuss how you can drive more sales through internet marketing. From social media marketing and website optimization to pay-per-click and online customer reviews, our experienced advisors will help you identify your strongest online opportunities and craft a strategy to achieve your web marketing goals.

International Relations

Does your business work across borders? Do you sell internationally? SBDC advisors can help you with import/export situations as well as the unique challenges that you will face selling or buying internationally. We’ll provide resources and counselling to help your international business thrive.

Management and Operations

If you’ve never managed a business before, you’ll want to meet with one of our management advisors. They’ll help you prepare for potential problems and help you get through difficult situations, whether it has to do with employees or operations. Whatever the situation, it’s likely that our management advisors have either experienced it themselves or know how to address it.

Payroll and Accounting

Potentially one of the weakest areas for most entrepreneurs and business owners, accounting and payroll can ruin a business if accurate records are not kept current. If you need help setting up Quickbooks or other accounting software, our advisors can help get you through it. If you have tax problems, speak with one of our experts and we’ll help you find the right resources and assistance to address your issue properly and effectively.

General Business Matters

The SBDC has what we call Generalists; advisors that can help you with general matters relating to your business. These are usually the first people you will meet with at the SBDC and they will help guide you in the right direction. Have an idea and need feedback? Meet with one of our generalists and they’ll go through any scenario with you. Have questions, but don’t know where to go? Our generalists will either put you in touch with the right people or the right resources to get the answers you need.

These are just some of the areas with which SBDC advisors can help. If it has to do with starting or running a business, the SBDC either has the resources or will help guide you in the right direction. Again, our workshops and counselling sessions are free and you are welcome to use us as much and as often as you want. Get in touch with us today at our contact page here. We’re looking forward to hearing from you.

Welcome to the SBDC!

Welcome to the Small Business Development Center and our brand new website! This website is just the first of many new changes from the SBDC – all designed to help you, the small business owner or entrepreneur, build a successful and profitable business.

If you are unfamiliar with who we are, then this website was re-designed specifically for you. You’ll find all sorts of resources and tools to assist business owners in San Diego and Imperial Counties. We provide advisors and workshops to help you with business planning, management, marketing, financing, operations, web design, fulfillment, international trade, payroll and a whole lot more. The best part is that since our funding comes from the SBA, grants and private contributions, our services are offered at no cost to you.

Small business is the lifeblood of our economy and when small businesses grow and become successful, the entire region benefits. Everybody wins: the business community, the consumer and the region. The SBDC was set up to achieve that objective. Let us help you take your business to the next level.

Whether you have an existing business that needs help or are thinking of starting a new business, we’re here to help. We encourage you to contact us today to meet with one of our advisors. Your success is our success!