Impact: 2019–20 Fiscal Year

  • Cherryhill & Don White at Expo 2009

    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.

    Indiana County MapBetween July 1, 2019, and June 30, 2020, 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 117
    Number of new clients 38
    Bought/Started a Business 10
    Educational Seminars   9
    Seminar Attendees 83
    Financing Raised for Clients
    Total Financing Raised $6,537,272 
    Equity and Owner Investments $824,272
    Commercial Bank & Other Loans $4,478,000
    Seller Financing $985,000
    Agriculture Grant $50,000
    Lines of Credit $200,000

    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.