Spark SBC continues to provide free services targeted to existing businesses and aspiring entrepreneurs and focuses on counseling sessions, expanding access to capital, business planning, training, contracting and procurement opportunities and exporting initiatives.
During most of 2020, the center assisted local businesses with the Paycheck Protection Program, Economic Injury Disaster Loans, disaster recovery and assistance from Federal Emergency Management Agency and Small Business Administration resources due to damages from the winter storm in February, as well as with access to additional grants and loans for particular sectors of the population to include veterans, women and minority-owned businesses.
Between April - June 2021, the center facilitated nearly $2 million in loans, advised 259 clients, had 9 new business starts with 5 companies expanding, and retained 36 jobs. In addition, the center provided about 970 counseling hours, with 139 of these hours provided to new clients. They also provide ongoing counseling to existing clients that have utilized center services in the past