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1
Small Business
SOUTH DAKOTA EDITION 2019- 2020
GROW YOUR BUSINESS
IN SOUTH DAKOTA
2 3
CONTENTS
Funding
Programs
24
National Success Story
With the help of a 7(a) business
acquisition loan of $1.1 million, Mark
Moralez and John Briggs purchased
Printing Palace in Santa Monica
becoming small business owners.
27 Need Financing?
28 SBA Lenders
34 Investment Capital
35 Federal Research
& Development
36 National Success Story
Forest Lake Drapery and
Upholstery Fabric Center in
Columbia, South Carolina,
rebounds thanks to an SBA disaster assistance loan.
38 National Success Story
Three Brothers Bakery weathers
two hurricanes with the help of the
SBA"s disaster assistance program.
40 SBA Disaster Loans
41 How to Prepare Your
Business for an
Emergency
42 Surety Bonds
44 Assistance with Exporting
Contracting
45 National Success Story
Evans Capacitor Co. of Rhode
Island, a leading manufacturer of
high-energy density capacitors, gains contracting success with
SBA assistance.
48 SBA Contracting Programs
50 Woman-Owned Small
Local Business
Assistance
8
National Success Story
Pest Management with the help
of the SBA-supported Women"s
Business Development Center.
11 Local SBA Resource
Partners
12
How to Start a Business
16 Your Advocates
17
Write Your Business Plan
20
Programs for
Entrepreneurs
21
Programs for Veterans
22
Local Success Story
When it came time for Kevin to
take on a new challengebuying
South First Avenue, the eastern
boundary of the Sioux Falls
Downtown Historic Districthe
sought assistance from the SBA, the federal agency that has historically been there for small business owners like the Nybergs.
ON THE COVER Clockwise from top:
Downtown Sioux Falls from 6th Street
Bridge overlooking Big Sioux River,
photo by Maxpower2727 on Wikipedia; photo by Dennis Guten on Unsplash;
Kevin Nyberg, photo courtesy of
Nyberg"s Ace Hardware; Custer State
Park, photo by Brian Miller on Unsplash
South Dakota Edition
2019-2020
4
Small businessespower our economy.
The SBA
powers small businesses. Whether you dream of transforming your business idea into a thriving company, growing your customer base, or expanding programs, expertise, and access to capital that will empower you to take your small business to the next level of success.
SBA.ͩ͡Ͱ to learn how
5
To schedule a meeting or to learn more, contact
Buddy Butler at buddy@newsouthmediainc.com
or call 304.615.9884.We have all heard the phrase content is king." Creating rich, engaging, and inspiring content differentiates your brand in the marketplace. But who has time to focus on anything other than running their business?
Narrative works with you to develop
the tools to tell your story across all media platforms. Powerful and authentic storytelling helps you stand out. It inspires action. It creates an emotional impact and forges enduring relationships. It separates you from the competition.
Let us help
give voice to your story.
SCOPE OF SERVICES
Brand Voice
Articles
Blogs
Website Content
Social Media Posts
Email Content
BrochuresCatalogs
Visitor Guides
Books
Copywriting
Photography
Videos
6 published by
New South Media, Inc.
304.413.0104 | newsouthmediainc.com
PUBLISHER
Nikki Bowman, nikki@newsouthmediainc.com
ASSOCIATE EDITORS
Zack Harold, zack@newsouthmediainc.com
Pam Kasey, pam@newsouthmediainc.com
DESIGNER
Hayley Richard,hayley@newsouthmediainc.com
OPERATIONS MANAGER
Holly Leleux-Thubron, holly@newsouthmediainc.com
ADVERTISING SALES DIRECTOR
Heather Mills, heather@newsouthmediainc.com
ADVERTISING SALES
Sandy Burky, Kelley McGinnis, Bryson Taylor
sba@newsouthmediainc.com Copyright: New South Media, Inc. Reproduction in part or whole is strictly prohibited without the express written permission of the publisher.
© NEW SOUTH MEDIA, INC.
ALL RIGHTS RESERVED
Service directs the publication of the Small Business Resource Guide under SBA Contract #SBAHQ-17-C-0018. SBA publication Spring 2018
National edition #mcs-0087.
WRITER/EDITOR
Becky Bosshart
(202) 205-6677 rebecca.bosshart@sba.gov
DIRECTOR OF MARKETING
Paula Panissidi Tavares
paula.tavares@sba.gov
PUBLIC AFFAIRS SPECIALIST
Kelley Daniels
kelley.daniels@sba.gov The SBA"s participation in this publication is not an endorsement of the views, opinions, products or services of the contractor or any advertiser or other participant appearing here. All SBA programs and services are extended to the public on a nondiscriminatory basis. Printed in the to ensure that the information contained here is accurate as of the date of publication, the information is subject to change without notice. The contractor that publishes this guide, the federal government, or agents thereof shall not be held liable for any damages arising from the use of or reliance on the information contained in this publication. 7
District Director Letter
L ike today"s small businesses, large corporate success stories also started with an entrepreneur and a dream. The SBA South Dakota Small Business
Resource Guideޔ
to our SBA Resource Partners and funding and contracting programs. Our local resource partners and SBA Lenders across the state are committed to helping #$.4 -/# *0/#&*/$./-$/$ #.# '+ )/- +- ) 0-.w Access free or low-cost business counseling from our network of SBA Resource Partners, including Small Business Development Centers, the South Dakota Center for Enterprise Opportunity, and our SCORE chapters. Training is available for many business topics, such as licensing, bookkeeping, taxes, and exporting. small businesses to startup and expand. Earn government contracts and surety bond assistance, so that more small businesses gain contracts and improve their local communities by doing business with the government. Small businesses are at the heart of America"s economy, driving new innovations and creating two-thirds of the net new jobs in the private sector. Daktronics, Trail King Industries, and Super 8 Motels all started small in South Dakota. Entrepreneurs like these are central to our prosperity and health as a nation. For many, personal economic empowerment through small business ownership is the American dream. The SBA is here to help Americans achieve small business success, buildingan environment where American
Sincerely,
District Director Jaime Wood
District Director
Jaime Wood
(605) 330-4243 x14 jaime.wood@sba.gov
Deputy District Director
Chuck Hughes
(605) 330-4243 chuck.hughes@sba.gov
Rapid City Senior Area Manager
Pam Selberg
(605) 341-5962 pamela.selberg@sba.gov
Lead Lender Relations Specialist &
Dave Puls
(605) 330-4243 david.puls@sba.gov
Economic Development Specialist
Michele Arends
(605) 330-4243 x11 michele.arends@sba.gov
Business Opportunity Specialist &
Lisa Claassen
(605) 330-4243 x28 lisa.claassen@sba.gov
SBA South Dakota
2329 N. Career Ave., suite 105
Sioux Falls, SD 57107
(605) 330-4243
Fax (605) 330-4215
sba.gov/sd @SBA_SouthDakota
Federal Building and U.S. Courthouse
515 Ninth St., room B10
Rapid City, SD 57701
(605) 341-5962 8
How SBA-backed loans helped
control business into an
LOCAL BUSINESS
ASSISTANCE
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by the
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LOCAL BUSINESS ASSISTANCE 10 LOCAL BUSINESS ASSISTANCE
SBA Resource
Partners
No matter your industry, location, or experience, if you have a dream, the SBA is here to help you realize it. Our SBA Resource Partners extend our reach, up and thrive at all stages of the business life cycle. Join the ranks of other business owners who have experienced higher revenues and increased growth thanks to SCORE, the nation"s largest network of volunteer business mentors. These business executives share real-world knowledge for no need, in person, via email or over video chat. Visit ѵҝ to start working on your business goals. SCORE Realize your dream of business ownership and then remain competitive in anquotesdbs_dbs4.pdfusesText_8
[PDF] BUSINESS & PROFESSIONAL DIRECTORY - Newz Group