MO SBTDC Could See Decrease in Funding

2 years 9 months 1 week 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

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
ST. LOUIS (AP) — Ameren Missouri is proposing two voluntary programs that would require customers' to support more solar power.... More >>
26 minutes ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 1:57:48 PM CDT in News
NEW MELLE (AP) — A university that owned the two-century-old house in suburban St. Louis that once was famed frontiersman... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:15:17 PM CDT in News
COLUMBIA (AP) — An interim diversity officer at the Un iversity of Missouri will be returning to the university's School... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:10:03 PM CDT in News
JEFFERSON CITY (AP) — Missouri's Republican-led Legislature is weighing a number of tax breaks for businesses as the session wraps... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 12:06:09 PM CDT in News
BALLWIN (AP) — The Latest on Missouri's congressional district Republican conventions (all times local): 4:45 p.m. Donald Trump has... More >>
2 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 11:59:00 AM CDT in News
ST. LOUIS — After a month of food donations, Missouri Farm Bureau Insurance will announce the total weight of its... More >>
5 hours ago May 01, 2016 May 1, 2016 Sunday, May 01 2016 Sunday, May 01, 2016 8:59:00 AM CDT in News
COLUMBIA — The Boone County Sheriff's Department, Columbia Police Department and Jefferson City Police Department collected unused or unwanted prescription... More >>
17 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 8:28:00 PM CDT in News
SPRINGFIELD (AP) — A 28-year-old Springfield man has been sentenced to two life terms for fatally stabbing a rural southwest... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 4:23:26 PM CDT in Continuous News
COLUMBIA — Safe Kids Columbia unveiled its new Safe Kids Mobile Education Unit Saturday. Children also learned about safety while... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 4:20:00 PM CDT in News
COLUMBIA — Boone Hospital gave community members a chance to receive a variety of free cancer screenings at their 3rd... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:54:00 PM CDT in News
BOONE COUNTY — A woman was hospitalized after crashing her car on Highway 63 Saturday afternoon. According to the... More >>
22 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:49:00 PM CDT in News
CHICAGO - The NFL Draft has called and Mizzou answered. Today three former Missouri Tigers were selected in the... More >>
23 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:23:00 PM CDT in Top Stories
JEFFERSON CITY — The Missouri Junior Golf Foundation opened the Ken Lanning Golf Center Saturday morning. The golf course... More >>
23 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 3:20:00 PM CDT in News
COLUMBIA — Hundreds of mid-Missourians gathered at Bass Pro Shops Lake Saturday morning for the fifth annual "Float Your Boat... More >>
23 hours ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 2:41:00 PM CDT in News
JEFFERSON CITY (AP) — There are two weeks left for the Missouri Legislature to pass bills, and some Democrats are... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 1:27:24 PM CDT in News
COLUMBIA — The Missouri State Highway Patrol (MSHP) said Saturday a man who they arrested on Wednesday has died. ... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 8:53:00 AM CDT in News
MEXICO — Parents, teachers and potential foster parents are taking the opportunity to offer their kids a better life by... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 6:15:00 AM CDT in News
BALLWIN (AP) — Republicans are choosing 40 of the 57 Missouri delegates to their national convention and many may not... More >>
1 day ago April 30, 2016 Apr 30, 2016 Saturday, April 30 2016 Saturday, April 30, 2016 5:56:00 AM CDT in News
Columbia, MO
Broken Clouds 65°
3pm 65°
4pm 65°
5pm 64°
6pm 63°

Select a station to view its upcoming schedule:

Coming Up Next

2:00p
2016 NHL Stanley Cup Playoffs
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
2:00p
Rookie Blue
3:00p
Rookie Blue
4:00p
Made in Hollywood

Tonight's Schedule

7:00p
Little Big Shots
8:01p
The Carmichael Show
8:30p
Crowded
9:00p
Dateline NBC
7:00p
A History of Violence
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Cougar Town