The Delaware Small Business Development Center (SBDC) has been awarded $675,423 in funding from the State Small Business Credit Initiative (SSBCI) to provide technical assistance to small business owners in the state. This funding is part of a larger ten-year, $60 million award granted to the state by the US Treasury Department in 2023.
DSB Director, Regina Mitchell, stated that SBDC was chosen to receive these funds because of their expertise in reaching small business owners and providing personalized support. The SBDC will use the funding to work closely with small business owners to help them prepare for the loan application process through DSB’s loan programs. Participants will receive guidance on partner lenders or additional assistance to ensure a successful application.
The SBDC’s associate state director, Sarah Mailloux, emphasized the commitment to helping entrepreneurs gain access to funding through one-on-one technical advising and training sessions. The focus will be on understanding financials, best accounting practices, and legal requirements. Mailloux expressed excitement about creating access to a program that supports Delaware’s small and socially/economically disadvantaged businesses.
Small business owners who are interested can learn more by attending a webinar on April 30 at 11 a.m. The webinar will feature representatives from DSB, SBDC, and program lenders like Del-One Federal Credit Union and True Access Capital who will provide information on their lending programs. Interested individuals can register for the webinar on the State of Delaware website.
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