MO SBTDC Could See Decrease in Funding

3 years 4 months 2 weeks 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
COLUMBIA - The fourth annual CoMoGives Campaign has some lofty goals for the 2016 holiday season, hoping to raise more... More >>
19 minutes ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 2:19:00 PM CST in News
COLUMBIA — Columbia police grew furry faces during a No Shave November fundraiser to benefit a local children's home. ... More >>
39 minutes ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:59:00 PM CST in News
COLUMBIA — A single-car crash left one woman dead on Interstate 70 near Highway 40 and the Midway Travel Center... More >>
45 minutes ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:53:00 PM CST in News
ST. LOUIS (AP) — A fatal shooting on Interstate 55 in south St. Louis has forced closure of all southbound... More >>
1 hour ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:35:24 PM CST in News
ST. LOUIS (AP) — A St. Louis-area businessman and three other men will have a hearing Tuesday in federal court... More >>
1 hour ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:24:17 PM CST in News
COLUMBIA — Columbia police officers arrested Edward Rosson Sunday night after he allegedly assaulted his girlfriend while holding a machete... More >>
1 hour ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:01:00 PM CST in News
CLAYTON (AP) — A Missouri man is jailed on $500,000 cash bond after being accused of telling co-workers he was... More >>
1 hour ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 12:58:25 PM CST in News
ST. LOUIS (AP) — A Missouri woman has been arrested on suspicion of drunken driving and involuntary manslaughter in a... More >>
2 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 12:32:13 PM CST in News
COLUMBIA — We are fast-approaching the end of the holiday season and that time of year when some of us... More >>
2 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 12:09:00 PM CST in News
WAYNESVILLE — Pulaski County Sheriff Ronald Long will advise detectives investigating a discovery of an adolescent's remains to close the... More >>
2 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 11:47:16 AM CST in News
JEFFERSON CITY (AP) — The November election put Republicans in full control of a record number of state legislatures around... More >>
3 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 11:10:26 AM CST in News
COLUMBIA — The University of Missouri System will launch a nationwide search for a new chancellor of the system's flagship... More >>
3 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 10:50:00 AM CST in News
FERGUSON (AP) — Residents of Ferguson are getting an update on reforms to the suburban St. Louis city's policing and... More >>
3 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 10:44:38 AM CST in News
COLUMBIA — Several businesses around Columbia have been recognized by the state of Missouri as designated warming centers. Warming... More >>
6 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 7:44:00 AM CST in News
COLUMBIA — A project to replace existing water lines in the Gregory Heights neighborhood is set to begin Monday. ... More >>
7 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 7:31:00 AM CST in News
INDEPENDENCE (AP) — Police are investigating the killing of a 23-year-old man in Independence. The Kansas City Star reports... More >>
7 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 7:25:06 AM CST in News
COLUMBIA — John Alspaugh and his family own the Hinkson Creek Farm, including its very popular Christmas tree patch of... More >>
13 hours ago December 05, 2016 Dec 5, 2016 Monday, December 05 2016 Monday, December 05, 2016 1:23:00 AM CST in News
STURGEON — Mid-Missouri drivers experienced trouble on the roads Sunday after a mix of snow and rain spurred multiple accidents... More >>
16 hours ago December 04, 2016 Dec 4, 2016 Sunday, December 04 2016 Sunday, December 04, 2016 10:13:00 PM CST in News
Columbia, MO
Broken Clouds 44°
3pm 48°
4pm 48°
5pm 47°
6pm 44°

Select a station to view its upcoming schedule:

Coming Up Next

2:00p
The Dr. Oz Show
3:00p
Dr. Phil
4:00p
Jeopardy!
2:30p
Judge Alex
3:00p
The Robert Irvine Show
4:00p
Cops Reloaded

Tonight's Schedule

7:00p
The Voice
9:01p
Timeless
7:00p
Supergirl
8:00p
Supergirl
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld