April news & updates

What's Inside:

  • Highlight: COVID EIDL loan program
  • Client Spotlight
  • Advisor Spotlight
  • Upcoming Events

COVID EIDL loan program

As numerous small businesses start having to pay in their EIDL loans that they took out during COVID, the amount of questions asked by small business owners about basic procedures in the COVID EIDL Loan Program have increased.

To address this, the Small Business Administration (SBA) in association with the Kansas and Missouri SBDCs, have put together this webinar to help small business owners with questions in the process; with major topics being address making and/or scheduling loan payments, payments delinquency, assistances with different aspects of collateral, contact information, how to notify SBA of a fraudulent loans and step-by-step instructions to create a CAFS account. Not included in the PowerPoint will be a discussion on available assistance offered through the SBA disaster loan program for natural disasters.

This webinar by the U.S. Small Business Administration Kansas City District Office and co-hosted by the Kansas and Missouri Small Business Development centers can be viewed through this link.

For more information, contact your nearest Kansas SBDC Office.

Kansas SBDC Client Spotlight

Little Building Blocks Early Childhood Development Center approached the Kansas SBDC to help with their financial plan that forecasted their revenue and growth with the expansion goal. Receiving funding was crucial since the business was keen on growing and needed the infrastructure to do so. Marcia Booton, owner of LBB emphasized how the Kansas SBDC was pivotal in the growth of her business. She said, “I was able to build a strong business plan outlining my full growth plan. I was then able to find a local developer that came on board and built us a build-to-suit location that fit all our needs.”

Her advisor John Addessi played a pivotal role in the successful development plan of her business. “I contacted John Addessi and spoke with him about what the goal was and how I did not really know where to start. He worked with me on looking at my numbers, and the growth we had. and where we wanted to go. We developed a financial plan that forecasted our revenue and growth with the expansion goal. We were able to show that the business would be able to support the expansion,” Marcia said. She was also connected with Vince Haworth, the director of Capital Access Center (CAC), and together they used the financial plan and built it into a full business plan outlining the numbers, marketing, growth, and development options.

Booton was successful in securing adequate funding for her business and was able to build a strong business plan outlining their full growth plan. She was then able to find a local developer that came on board and built them a build-to-suit location that fit all their needs. Booton said, “John and Vince were able to help me find financing opportunities through local banks and eventually find the best fit.” 

About Little Building Blocks: LBB prides itself on being an extension of their student’s families. Booton explained, “Students feel at home in our center and know that we provide a safe place for them to grow. We develop relationships with our families and maintain these relationships through active and open communication. We maintain our staff for extended periods of time, which helps deliver consistency and continuity of care.” LBB has been in business for 17+ years and has served more than 2000 children in their community as well as employed several hundred people. LBB can be found at 29700 W 187th Ter. Gardner, KS 66030. Learn more about it by contacting them through their website www.littlebuildingblocks.com/ or visit their Facebook and Instagram.

About the Kansas SBDC: The Kansas Small Business Development Center serves as the state advising resource for the small business owner. Whether it’s an existing business looking to boost sales or a start-up trying to get off the ground, we provide our clients with quality, professional, and personal care all in a confidential setting. The Kansas SBDC is funded in part through a cooperative agreement with the U.S. Small Business Administration. Learn more about the Kansas SBDC at www.KansasSBDC.net or call (800) 949-7661.

Upcoming Virtual & In-Person Events

Virtual Events (Free Unless Noted)

In-Person (Free Unless Noted)

To register for our upcoming virtual and in-person events, click here

Find an SBDC Center near you!

With 8 regional offices and several outreach centers covering the state, no matter where you are, there is an SBDC nearby to help! 

Find Your Local SBDC Office

Call our Kansas SBDC Statewide Call Center - 7 days per week assistance

(800) 949-7661

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Funded in part through a cooperative agreement with the U.S. Small Business Administration.
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Kansassbdc.net | (800) 949-7661 | info@ksbdc.net
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Questions? Don't hesitate to contact our 7 day-a-week assistance line at (800) 949-7661.
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