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Greetings!enjoy the latest news from the Morehead State University Small Business Development Center |
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SUCCESS STORY
Snack Stackers
Shannon Armstrong came to the Morehead State University Small Business Development Center from a referral from Barry Frazier, loan officer at Peoples Exchange Bank in Mount Sterling. Shannon was looking to purchase a vending route in Mt. Sterling. He had traveled with the current owner and had looked at the 100 machines in over 55 locations. He came in and talked with Mark Murphy, Management Consultant at the Morehead SBDC. They discussed insurance, legal structure, credit, the loan process, pricing. They worked on getting three year projections put together for the lender. Once they got the final draft completed, Shannon submitted his loan package. After a few revisions, the loan was approved and Shannon purchased the vending route. Shannon started his business, Snack Stackers, in July and stated, "It was great working with the Small Business Development Center, and they helped a lot." Shannon's success story is a great example of someone who was able to take advantage of the SBDC'S free assistance to help get the things together to help make business ownership a reality.
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TRAINING SCHEDULE
 Morehead CenterStarting a Small Business - 2/27
Paintsville Center
Women's Business Symposium- 2/25
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Kentucky Export Initiative
East Kentucky Small Business Development Centers
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During the 2012-2013 program year 70 manufacturing companies received face to face consulting services on exporting by SBDC consultants throughout the 54 county area covered by the Appalachia Exporting Initiative. Lenders, clients, entrepreneurs, and community leaders received information via mailings, face to face meetings, lender trainings and workshops to further their knowledge on exporting and the impact exporting can have in their business and community during the 2012-2013 program year.
Exporting efforts continue into the new year with Kentucky ranking second in the nation for growth in the first half of 2013 with 12.1 billion in exports , up 12.6% from 10.6 billion from last year. Kentucky anticipates a record of 22 billion exports in 2013 with top exporting countries being Canada, Mexico and the United Kingdom. Top exports are motor vehicles, aerospace products and parts, pharmaceuticals and medicines, basic chemicals, glass and glass products.
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 The Kentucky Small Business Development Center is a network of 15 offices located throughout the commonwealth that help existing and start-up businesses succeed by offering high quality, in-depth and hands-on services. These services include: no-cost confidential business consultations, affordable business workshops, seminars and research to help business owners make informed business decisions. For more information or to locate a consultant near you, visit www.ksbdc.org.
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Funded in part through a cooperative agreement with the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of SBA. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance.
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