Helping today's entrepreneurs create tomorrow's economy.
By providing entrepreneurs and small businesses with the tools they require to build and grow successful businesses, the Indiana University of Pennsylvania Small Business Development Center is having a positive impact on our region and the Commonwealth.
Between October 1, 2020 and September 30, 2021, more than 2,000 hours of service were provided to our clients using a combination of experienced faculty, professional staff, and students.
| Number of clients counseled | 202 |
|---|---|
| Number of new clients | 91 |
| Bought/Started a Business | 15 |
| Educational Seminars | 10 |
| Seminar Attendees | 115 |
| Total Financing Raised | $5,689,950 | |
|---|---|---|
| Equity and Owner Investments | $243,500 | |
| Commercial Bank & Other Loans |
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| SBA Loan |
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| Seller Financing | $2,302,500 | |
| Angel Investment | $30,000 | |
| Lines of Credit | $400,000 | |
| COVID-19 PPP Loan | $ 43,000 | |
| Grants | $ 8,000 |
These funding totals do not include the clients counseled who received money under the SBA's Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP) loan programs.