Orange County NC Website
Browse       Search
' S-. (Unnamed) Beauty Supply Business (Carrboro) <br />After this client failed in obtaining outside financing for the <br />purchase of inventory and upfitting, the SBTDC helped this client <br />secure internal financing from their suppliers which enabled them <br />to triple their inventory and open their shop. <br />' 9. (Unnamed) Retail Business (Hillsborough) <br />' Although client has annual sales of approximately 100k, they are at <br />a point where they may not survive. The SBTDC has constructed <br />detailed P &L statements and projections to help client make the <br />decision to continue or to pursue liquidation or bankruptcy. <br />10. (Unnamed) Manufacturing Company (Hillsborough) <br />This 20 year old, $1M company is utilizing the SBTDC to assist with <br />restructuring of all aspects of operation: Management, Marketing, <br />Production, Facilities. Primary work now is with financials to <br />help in decision - making to fund the various aspects. <br />11. (Unnamed) Architectural and Consulting Company (Chapel Hill) <br />Company specializes in education and consulting for compliance with <br />the Americans With Disabilities Act. Presently, the SBTDC is <br />helping this client obtain a publishing contract for a book on this <br />subject with McGraw Hill. <br />12. (Unnamed) Wine Distributing Company (Chapel Hill) <br />This company was experiencing cash flow difficulties due to payment <br />methods with suppliers. The SBTDC helped to set up a different <br />method thorugh a letter of credit which improved terms. <br />SPECIFIC POINTS <br />In 1991, the SBTDC facilitated client businesses in obtaining <br />financing of approximately $200,000. This is a part of our con- <br />sulting that we want to increase, however, lending activity was <br />depressed throughout last year. The clients that we worked with to <br />prepare loan packages totalled over $1,000,000, but only $200,000 <br />was attained from external and internal sources. <br />The actual impact that the SBTDC can have on economic development <br />and area businesses will be continually stronger with referrals <br />from the business leaders, area lenders, and other small business <br />providers in the community. To supplement our own outreach, we <br />invite the community leaders to visit our Center and explore f irst- <br />hand how we work and the optimum ways we can provide our services. <br />