Small Business Counseling Available

through the Wakefield Chamber of Commerce and the
SBA Small Business Development Center
at Salem State College.

If you have a small business that you are seeking to grow, or if you are contemplating beginning a small business, an invaluable resource can be available to you right here in Wakefield at the office of the Wakefield Chamber of Commerce. Small Business Development Center counselors come by appointment to meet and work with clients at the Chamber office at the Americal Civic Center. If you are interested in speaking to a business counselor, please click here to email the Chamber, or call the Chamber at 781-245-0741. In most cases, we are able to schedule an appointment within the week.

Facts about the Small Business Development Centers program

If you're seeking advice or management and technical assistance for your current or prospective small business, the Small Business Development Centers, administered by the U.S. Small Business Administration, can help.

SBDCs provide education, training and consulting at 1,000 locations across the country.

When you visit a SBDC counselor, you get the best of all possible business worlds. Resources of the private sector, the educational community, and federal, state and local governments are there to help you start, build and grow your business.

In each state a lead organization sponsors the SBDC and manages the program. The lead organization coordinates the services you receive through a network of subcenter and satellite locations. Subcenters are located at colleges, universities, community colleges, vocational schools, chambers of commerce and economic development corporations.

The SBDC assistance you receive is tailored to both your needs and those of your local community. Each center develops services in cooperation with local SBA district offices to bring the maximum benefits available to you and other clients. In addition to a full-time staff, each SBDC also has volunteers and part-time personnel. Individuals recruited from professional and trade associations, the legal and banking communities, academia, chambers of commerce and SCORE (Service Corps of Retired Executives) are among those who donate their services.
SBDCs also use paid consultants, including engineers and testing laboratories from the private sector to help clients who need specialized expertise.

What the Program Does
SBDC services include, but are not limited to, assisting your small business with financial, marketing, production,organization, engineering and technical problems, and feasibility studies. Special SBDC programs include international-trade assistance, technical assistance, procurement assistance, venture- capital formation and rural development. The SBDCs also make special efforts to reach socially and economically disadvantaged groups, veterans, women and the disabled. SBDCs also provide assistance to small businesses applying for Small Business Innovation and Research grants from federal agencies.

SBDC assistance is available to anyone interested in starting or expanding a small business who cannot afford the services of a private consultant. So if you’re thinking of starting or growing a small business, why not let SBDCs lend a helping hand?

Did you know that in fiscal 1999 the SBA

  • maintained a guaranteed loan portfolio of more than $40.5 billion in loans to 486,000
    small businesses that otherwise would not have had such access to capital?
  • backed nearly 49,000 loans totaling a record $12.5 billion to AmericaÕs small businesses?
  • made 3,100 investments worth $4.2 billion through its venture capital program?
  • provided more than 36,000 loans totaling over $936 million to disaster victims for resi-
    dential, personal-property and business losses?
  • extended management and technical assistance to more than 900,000 small business
    persons through its 11,500 Service Corps of Retired Executives volunteers and 1,000 small
    business development center locations?

Did you know that America's 24 million small businesses

  • employ more than 52 percent of the private work force?
  • generate more than 51 percent of the nation's gross domestic product?
  • are the principal source of new jobs?

    All of the SBA's programs and services are provided to the public on a nondiscriminatory basis.
  • For more information about the SBA, click here. To return to the Wakefield Chamber of Commerce information page, click here.