MO SBTDC Could See Decrease in Funding

3 years 7 months 4 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
JEFFERSON CITY – Gender accessibility has become a controversial topic on a national level, and a bill presented at a... More >>
40 minutes ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:50:00 PM CST in News
COLUMBIA- The University of Missouri System is looking for a chancellor with "a collaborative and transparent leadership style" who is... More >>
52 minutes ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:38:00 PM CST in News
COLUMBIA - Promoting residents to interact closely with the police is the main step for city staff to build a... More >>
59 minutes ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:31:00 PM CST in News
JEFFERSON CITY - A Columbia man has been charged in federal court on accusations that he played a role in... More >>
1 hour ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:13:00 PM CST in News
COLUMBIA - MU Alert reported a gas leak in the area near College Avenue in between Rollins and University Avenue... More >>
2 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 12:51:00 PM CST in News
JOPLIN, Mo. (AP) — A Joplin man alleged that police used excessive force in his 2015 arrest. The Joplin... More >>
5 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 9:53:00 AM CST in News
KANSAS CITY (AP) — Authorities say two teenage cousins have died in a Kansas City crash. The Kansas City... More >>
6 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 8:43:52 AM CST in News
ST. LOUIS (AP) — A 14-year-old boy is recovering from non-life-threatening injuries after being hit by a train in suburban... More >>
7 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 7:33:09 AM CST in News
UNIVERSITY CITY (AP) — Authorities in Missouri are investigating after dozens of headstones were damaged at a Jewish cemetery near... More >>
10 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 4:39:00 AM CST in News
COLUMBIA - As the warm weather approaches, the number of unwanted litters increases, putting a burden on local shelters. ... More >>
13 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:30:00 AM CST in Top Stories
HENNEPIN COUNTY, Minnesota - A Missouri construction worker, David Earl Hyde, 38, of Fulton died while on the job in... More >>
17 hours ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 9:54:00 PM CST in News
COLUMBIA - Columbia Regional Airport is about to get the renovation its been hoping for. The small airport currently flies... More >>
19 hours ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 7:37:00 PM CST in News
ST. CHARLES (AP) — Agents from the federal Bureau of Alcohol, Tobacco, Firearms and Explosives are joining the investigation into... More >>
20 hours ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 7:06:00 PM CST in News
JEFFERSON CITY - The Jefferson City City Council approved the Truman Hotel Urban Renewal Plan on Monday evening. The... More >>
20 hours ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 6:42:00 PM CST in News
COLUMBIA - Missouri's new first lady, Dr. Sheena Chestnut Greitens, said she is committed to keeping politics separate from her... More >>
21 hours ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 6:30:00 PM CST in News
COLUMBIA - In the past two decades, the number of fatal opioid overdoses has skyrocketed, and the medical community has... More >>
23 hours ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 3:42:00 PM CST in News
COLUMBIA – As unusually warm weather brings a feeling of early spring across Missouri, it also speeds up the lawn... More >>
1 day ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 3:27:00 PM CST in News
COLUMBIA - The mayor's medical tourism task force has finalized its recommendations on how to make Columbia a medical hub... More >>
1 day ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 2:35:00 PM CST in News
Columbia, MO
Broken Clouds 67°
4pm 69°
5pm 67°
6pm 63°
7pm 61°

Select a station to view its upcoming schedule:

Coming Up Next

3:00p
Dr. Phil
4:00p
Jeopardy!
4:30p
Jeopardy!
3:00p
The Robert Irvine Show
4:00p
Cops Reloaded
4:30p
The Cleveland Show

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