Thanks to the Abilene SBDC Funding Sources
These individuals provide funding for the SBDC so services can be delivered at no cost to the client.
Small Business Administration
What We Do
Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.
SBA provides assistances primarily through its four programmatic functions:
Access to Capital (Business Financing)SBA provides small businesses with an array of financing for small businesses from the smallest needs in microlending – to substantial debt and equity investment capital (venture capital).
Entrepreneurial Development (Education, Information, Technical Assistance & Training)
SBA provides free individual face-to-face, and internet counseling for small businesses, and low-cost training to nascent entrepreneurs and established small businesses in over 1,800 locations throughout the United States and US territories.
Government Contracting (Federal Procurement)
In keeping with the mandate of Section 15(g) of the Small Business Act, SBA’s Office of Government Contracting sets goals with other federal departments and agencies to reach the statutory goal of 23 percent in prime contract dollars to small businesses. This office also provides small businesses with subcontracting procurement opportunities, outreach programs, and training.
Advocacy (Voice for Small Business)
Created in 1978, this Office reviews Congressional legislation and testifies on behalf of small business. It also assesses the impact of the regulatory burden on behalf of small businesses. Additionally, it conducts a vast array of research on American small businesses and the small business environment. The Chief Counsel of this office is appointed by the President of the United States.
Development Corporation of Abilene
The Development Corporation of Abilene (DCOA) is committed to creating a healthy economic climate for our community. Through the use of a half-cent sales tax, the Abilene Industrial Foundation (AIF) and Economic Development Department (EDD), which contract to the DCOA, find the best way to strengthen its businesses, build a better economic base, and create jobs for its residents.