Small Business Administration Hopes to Offer More Services to Groesbeck
By Alexandra Cannon, Staff Writer
Two reps from U.S. Small Business Administration (SBA) paid a visit to Groesbeck on Thursday, February 22, and expressed genuine interest in making loans and other free resources more available to current and future business owners of Limestone County. Ahmad Goree, Lead Economic Development Specialist/Public Information Officer, and Derenda Fisher, Administration Officer, stopped by the Journal office to explain what SBA is all about and how our community could benefit from services they offer.
“The SBA is a federal agency funded by Congress, so everything that we offer as programs and services is available to the taxpayer at no cost,” Goree said. “The head of our agency is Linda McMahon and she's a member of the President's Cabinet. She is the co-founder of the World Wrestling Entertainment (WWE) Company; she started out as a small business and now it's a worldwide brand. She is rebranding our agency to make sure it's more of a household brand.”
The SBA works to help small businesses through an approach focusing on the three Cs: Capital, Counseling, and Contracting. Capital consists of loans up to $5 million dollars through various banks, counseling is available free to anyone planning to open a business or who already owns a business, and contracting can be arranged between government entities and these small businesses, as the government is required to use 23 percent of their total spending dollars with small businesses, Goree explained. Goree and Fisher service the Dallas/Fort Worth District which includes Limestone County and 71 other counties in the state of Texas.
“We haven't made Limestone County a strong enough focus,” Fisher said. “We want to change all that and put better emphasis on the SBA and our resource partners. Our mission is to help.”
To read more of this story, pick up a copy of Thursday's edition of The Groesbeck Journal! You can also subscribe online or call 254-729-5103.