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SCC announces funding to support small business services

Contributed

Stanly Community College’s (SCC) Small Business Center (SBC), located in downtown Albemarle, can help small businesses as they face continuing challenges from the COVID-19 pandemic.

The Small Business Center Network of the North Carolina Community College System has announced new funding to support additional counseling services for small businesses.

On May 15, the State Board of Community Colleges approved an allocation of nearly $3 million for Small Business Centers at the 58 colleges in North Carolina. The state funding was made possible by the 2020 COVID-19 Recovery Act.

The funding will be used to counsel small business owners and help them weather the COVID-19 crisis.

Counselors can assist with the following: general business guidance, assessing the economic impact of the pandemic, strategies for scaling business operations, break-even and cash flow analysis, marketing plans, review of financial obligations, communications with creditors, loan package preparation, business resilience strategies, and referrals to relevant sources of assistance.

For more information, contact Michael Sperling, dean of business, Stanly Community College, at 704-991-0357 or msperling0559@stanly.edu.