Apr 27, 2022
We were on the screen for The Valley Business Today with Christine Kriz, Director of the Lord Fairfax Small Business Development Center to chat about their business counseling services and a new program they're offering through a partnership with the Loudoun County Small Business Development Center.
Christine told us how the name change that Lord Fairfax Community College is currently undergoing will also affect her organization. The new name for the college beginning June 2, 2022 will be Laurel Ridge Community College. Once that takes effect, the SBDC will also rename to Laurel Ridge Small Business Development Center.
She explained the different services that Lord Fairfax Small Business Development Center offers as the counseling arm of the Small Business Administration. These services include:
The Center’s core programs include small business seminars,
operations audits, mystery shopper program, mentoring, and focus groups.
They work with people seeking bank loans, SBA guarantee loans, and state loans through Virginia Asset Financing Corporation. Besides the loan application process, they work with all types of business registration questions, tax forms, SBA assistance and writing business plans.
Assistance is also offered in the following areas:
There is no fee in most cases to take advantage of their services since they are subsidized by the Small Business Administration and local government entities and economic development agencies (our tax dollars.)
Christine gave details for their newest program - a food and beverage accelerator cohort in partnership with the Loudoun County Small Business Development Center. The cohort is being offered to all businesses in the counties of Clarke, Frederick, Warren, Shenandoah, and Loudoun, plus the City of Winchester and Leesburg.
She explained that this program is for businesses that have a food item or non-alcoholic beverage that they sell and are trying to increase their distribution. She asked listeners to please share it with businesses they are familiar with that may also fall into this category. She gave a few examples:
In this cohort program you will learn from other small business owners, the instructors (many of whom have worked for Wegmans and Whole Foods) and via a workbook and instructional videos. Once a week you will have an online live session with your classmates. You will meet once a week for six weeks. In between live meetings you will have homework assignments to do on your own.
She said there have been four previous cohorts around the state of Virginia and that AMAZING partnerships and new opportunities have come from these cohorts!
The deadline to apply is 5pm on May 4, 2022 and the program will begin on May 22, 2022. There is no fee to apply but only 10 businesses will be accepted into the cohort. You can get more information and find the application by clicking here.
For more information about the other programs and services offered by Lord Fairfax Small Business Development Center, visit their website: https://lfsbdc.org/