MO SBTDC Could See Decrease in Funding

3 years 6 months 6 days ago July 19, 2013 Jul 19, 2013 Friday, July 19 2013 Friday, July 19, 2013 1:39:00 PM CDT in News
By: Yuqing Pan, KOMU 8 Reporter
Embed Code Copied

COLUMBIA - A non-profit organization that provides free financial advice to local business owners said it could see a decrease in federal and local funding.

The communication director of The Missouri Small Businesses and Technology Development Centers (MO SBTDC), Mary Paulsell, said if the organization were to receive less funding, it might not be able to serve as many businesses as it does now.

MO SBTDC has 33 centers across the state of Missouri.

"We based our centers on performance, and it's always possible that we would have to decrease funding to a center that doesn't perform so well." Paulsell said.

Paulsell said the organization would make very careful decisions, based on the possible cuts.

"So if we decrease funding to assist those firms," Paulsell said, "we could see unfortunately fewer businesses starting, fewer businesses growing and fewer jobs created."

Paulsell said the U.S Small Business Administration defined all businesses with fewer than 500 employees as small businesses, so some small businesses were actually quite large. She said they were the ones that create long lasting and sustaining jobs in the community.

Counselors at the MO SBTDC centers were dealing with an increasing number of clients.
The four counselors in Columbia serve a range of 14 counties.

Paulsell said, typically, a counselor had about 60 to 70 active clients at the same time. Some clients worked with the centers for years.

Counselor Collin Bunch transferred to the Columbia branch from University of Central Missouri two months ago. He said he had about 30 to 40 clients. He said more experienced counselors like Virginia Wilson, director in the Columbia downtown office, might have more than a hundred clients.

"I guess there is never enough time, if there are five of Virginia and I, it probably could really make a difference in the area." Bunch said.

Tim and Loretta Ralph were among Bunch's clients. They opened Tim's Automotive in 2010 after years of running a home business. Their shop took off so fast they soon encountered cash flow problems, with new work coming in non-stop while payments from previous customers lagged.

"For automotive businesses, there is not a lot of collateral per se, so it's harder to do just with typical banks." Loretta Ralph said.

But for Bunch, it was a classic high-growth syndrome that he knew well.

"It is a good problem, but it is still a problem." Bunch said.

Bunch said the solution was to look for a line of credit that Loretta Ralph could draw on so that she could pay bills right away.

Loretta Ralph said she was working with the MO SBTDC only on capital growth, for now, which was phase one. But she said she would continue working with the organization for further expansion.

"I am very appreciative that we have something in place here in Columbia that will help businesses, especially businesses that are growing and working hard to do so, to let us know that there is somebody there to help us continue to grow." Loretta said.

Tim's Automotive now has three employees. With a plan for expansion, The Ralphs hoped to buy a new building in the next 12 to 18 months.

"With the amount of work we have, we hope to have a bigger place with more bays, and hopefully a wash bay." Loretta Ralph said.

For more information, visit the MO SBTDC website.

More News

Grid
List
COLUMBIA - The Columbia Police Department said it arrested two armed robbery suspects Monday. Detectives said they arrested 26-year-old... More >>
10 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 10:40:00 PM CST in News
COLUMBIA - The Columbia Police Department has made an arrest in connection to a shooting in north Columbia Monday evening,... More >>
12 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 8:47:00 PM CST in News
COLUMBIA- A recent study from researchers at the University of California, San Diego and San Diego State University show sedentary... More >>
13 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 7:39:00 PM CST in News
KANSAS CITY, Kan. (AP) — A 70-year-old man who told investigators after robbing a Kansas bank that he'd rather be... More >>
14 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 7:15:01 PM CST in News
JEFFERSON CITY (AP) — Missouri's new Republican secretary of state has been defending his decision to appoint a securities industry... More >>
14 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 7:08:05 PM CST in News
COLUMBIA - The City of Columbia is looking to improve its apartment recycling program. The program provides recycling containers, which... More >>
14 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 6:39:00 PM CST in News
JEFFERSON CITY - Legislation regarding the safety of Missouri law enforcement officers and first responders continues to be a hot... More >>
15 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 5:40:00 PM CST in News
COLUMBIA - A twin-engine Beechcraft Baron aircraft had a crash landing on Monday afternoon at Columbia Regional Airport. The... More >>
16 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 4:38:00 PM CST in News
ST. JOSEPH (AP) — A proposed bill would impose penalties on Missouri gun owners who don't report a lost or... More >>
18 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 3:16:00 PM CST in News
COLUMBIA - If you're a Missourian and have purchased dairy products in the past 14 years, you might be eligible... More >>
18 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 2:55:00 PM CST in News
COLUMBIA - I’ve said it before and I’ll say it again (and again and again). Sleep is incredibly important. It’s... More >>
19 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 1:47:00 PM CST in News
AUDRAIN COUNTY - A Vandalia man was sentenced to seven years in jail after he encouraged a 13-year-old to have... More >>
19 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 1:43:00 PM CST in News
JEFFERSON CITY - Missouri State Auditor Nicole Galloway released an audit on Shelbina municipal court in northeast Missouri that found... More >>
20 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 1:13:00 PM CST in News
COLUMBIA - Economic Development Director Stacey Button is not looking for a new airport manager. Former Columbia Regional Airport... More >>
20 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 12:32:00 PM CST in News
COLUMBIA - Columbia police are looking for a possible link between a shots-fired call and a shooting victim who showed... More >>
23 hours ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 9:35:00 AM CST in News
KANSAS CITY, Mo. (AP) — Authorities say a decomposed body has been found near a bridge in a Kansas City... More >>
1 day ago January 23, 2017 Jan 23, 2017 Monday, January 23 2017 Monday, January 23, 2017 6:30:00 AM CST in News
LA MONTE - The Pettis County Prosecuting Attorney's Office filed charges against three men after a home invasion Saturday night.... More >>
1 day ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 6:47:00 PM CST in News
COLUMBIA - The MFA Oil Break Time shootout featured talented athletes from all around Missouri on Sunday. There were six... More >>
1 day ago January 22, 2017 Jan 22, 2017 Sunday, January 22 2017 Sunday, January 22, 2017 6:45:00 PM CST in News
Columbia, MO
Broken Clouds 37°
10am 40°
11am 43°
12pm 46°
1pm 49°

Select a station to view its upcoming schedule:

Coming Up Next

7:00a
Today
11:00a
Rachael Ray
12:00p
KOMU 8 News @ Noon
9:00a
The Steve Wilkos Show
10:00a
Jerry Springer
11:00a
Jerry Springer

Tonight's Schedule

7:00p
The Wall
8:00p
This Is Us
9:00p
Chicago Fire
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld