What Banks Look for When Deciding on a Business Loan

  • Posted by Breeanna McBee
  • On August 2, 2021
I spend a lot of time here at the SBDC working with clients on financial issues for their businesses.  A lot of the time, it involves applying for a business loan.  Folks often don’t have a good understanding of what a bank will be looking for when making a lending decision.   The basic idea […]
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Do you have enough capital to start your business?

  • Posted by Breeanna McBee
  • On March 18, 2021
  One of the things we talk about as a significant failure factor for new businesses is being under-capitalized when they start.  Undercapitalizing is simply a fancy finance term for underestimating how much money it will really take to (1) get the business started and (2) to cover initial losses while sales ramp up before […]
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A Successful Startup Amid a Pandemic

  • Posted by Breeanna McBee
  • On November 15, 2020
When Atlas Medical Services opened in December 2019, they had no idea a worldwide pandemic would strike a few months later.   Atlas Medical Services is a medical transport company, but their services also include providing educational classes, hydration services and home fall prevention inspections for their customers.   “I first heard about [the UGA […]
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Performance Trucking in Lawrenceville, GA

  • Posted by Breeanna McBee
  • On October 28, 2020
Working Behind the Scenes to Keep Shelves Stocked   There’s a reason your favorite grocery store remained stocked during the pandemic – logistics companies like Performance Trucking, Inc. worked around the clock to deliver food and essential products to supermarket chains across the United States.   Performance Trucking, headquartered in Lawrenceville, GA, utilized its current […]
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Burt’s Pumpkin Farm in Dawsonville, GA

  • Posted by Breeanna McBee
  • On October 27, 2020
North Georgia farm has success with strawberries and pumpkins despite pandemic, thanks to UGA Johnny and Kathy Burt’s first year farming strawberries was nearly a disaster.   COVID -19 hit just two weeks before the berries ripened and their first spring strawberry festival was to begin.   “That wasn’t possible. We were on pins and […]
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DIESELGRID in Forest Park, GA

  • Posted by Breeanna McBee
  • On October 21, 2020
Deep Market Knowledge and Operational Flexibility Lead Freight Carrier Through the Pandemic   Justin Hughes left trucking and moved into real estate in 2007, just before the Great Recession. Two years later, back into trucking, he founded the freight carrier DIESELGRID in Forest Park, and grew.   He contacted the University of Georgia Small Business […]
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Gwinnett Eye Clinic in Duluth, GA

  • Posted by Macy Thomas
  • On October 2, 2020
Assistance from UGA keeps essential employees on front line   The Gwinnett Eye Clinic in Duluth kept its doors open and continued treating patients with glaucoma, retinal detachments and other eye injuries when the COVID-19 response temporarily closed many others. In fact, the practice set a record for seeing patients through its affiliation with two […]
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New Revenue Streams Keeps Tifton Restaurant Afloat

  • Posted by Macy Thomas
  • On September 1, 2020
March 13 would be the last “normal” night of service at The Local at The Lankford, a popular farm-to-table restaurant in Tifton. The coronavirus pandemic had begun impacting people and businesses around Georgia.   “Our last night of dining service was less of a St. Patrick’s Day party than we had hoped for,” said Jennifer […]
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