on August 5, 2016 / by Downtown Dallas Inc. / in Blog Posts, DDI News
For immediate release
New Resource Launched To Help Downtown Dallas
Small Businesses Start And Grow
Dallas, TX (August 3, 2016) – The Small Business Development Initiative (SBDI), an innovative, new
initiative to assist small businesses and aspiring entrepreneurs for starting and growing small businesses
launched programming with local representation in Downtown Dallas today. Small businesses are a critical
component and major contributor to the strength of local economies. In fact, since 1995, small
businesses have generated 64% of new jobs but most resources to help small business owners are
considered inaccessible, impractical, or too expensive.
According to the United States Small Business Administration (SBA), two primary reasons for small business
failure is a lack of business planning and inadequate access to business credit and funding. The SBDI
focuses on these two areas at no cost to qualified participants as funding is provided through a combination
of grants and sponsorships. With access to a minimum of $100,000 of business credit/funding for every
participant, the initiative is positioned to become a critical resource for small businesses in America.
The free SBDI program includes a local Downtown Dallas representative, Ashley D. Stanley, and provides a
turn-key solution for qualified participants including:
- assistance in developing a written business plan;
- guidance in producing monthly financial statements with a volunteer Chief Financial Officer; and
- accessing business credit and cash funding based solely on the company’s EIN without personal
guarantees or use of the owner’s personal credit.
Unlike other governmental and private resources available, the SBDI will assist, at no cost, a wider variety of
businesses without regard to industry, location or stage of business development:
1. Stage One: Existence (key issues include formation, access to business credit, compliance, etc.)
2. Stage Two: Survival (key issues include cash flow and development of clients)
3. Stage Three: Success (key issues including transitioning owner’s role from day to day “working” to
4. Stage Four: Take-Off (key issue again is having adequate financial resources to grow/expand)
5. Stage Five: Resource Maturity
FOR MORE INFORMATION
The Small Business Development Initiative (SBDI) was created through the Business Credit Literacy
Initiative. Visit www.businesscreditliteracy.org for more information or to get involved.
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