Switch to the current Annual Report
Laid-off single mother of three Flourishes with new venture, escapes COVID downturn
"Flourish was founded in 2018 after losing my job working the corporate world for more than 20 years. I love helping others find their path in life and my 11yo daughter saw this passion in me when I was struggling to figure out my next venture in life. She encouraged me to follow my heart, and I did! The Alabama SBDC has been extremely helpful not only providing consistent and informative resources, but direct access to funding sources that literally saved our small business from going under. Because of them we were able to maintain our employees and expand our team by 3 people by the end of 2020. Within 24 hours of engaging with our local SBDC, we had PPP funds in our bank account. For the first time in a long time, I was able to breathe."
Laid-off single mother of three Flourishes with new venture, escapes COVID downturn
"Flourish was founded in 2018 after losing my job working the corporate world for more than 20 years. I love helping others find their path in life and my 11yo daughter saw this passion in me when I was struggling to figure out my next venture in life. She encouraged me to follow my heart, and I did! The Alabama SBDC has been extremely helpful not only providing consistent and informative resources, but direct access to funding sources that literally saved our small business from going under. Because of them we were able to maintain our employees and expand our team by 3 people by the end of 2020. Within 24 hours of engaging with our local SBDC, we had PPP funds in our bank account. For the first time in a long time, I was able to breathe."
Laid-off single mother of three Flourishes with new venture, escapes COVID downturn
"Flourish was founded in 2018 after losing my job working the corporate world for more than 20 years. I love helping others find their path in life and my 11yo daughter saw this passion in me when I was struggling to figure out my next venture in life. She encouraged me to follow my heart, and I did! The Alabama SBDC has been extremely helpful not only providing consistent and informative resources, but direct access to funding sources that literally saved our small business from going under. Because of them we were able to maintain our employees and expand our team by 3 people by the end of 2020. Within 24 hours of engaging with our local SBDC, we had PPP funds in our bank account. For the first time in a long time, I was able to breathe."
Laid-off single mother of three Flourishes with new venture, escapes COVID downturn
"Flourish was founded in 2018 after losing my job working the corporate world for more than 20 years. I love helping others find their path in life and my 11yo daughter saw this passion in me when I was struggling to figure out my next venture in life. She encouraged me to follow my heart, and I did! The Alabama SBDC has been extremely helpful not only providing consistent and informative resources, but direct access to funding sources that literally saved our small business from going under. Because of them we were able to maintain our employees and expand our team by 3 people by the end of 2020. Within 24 hours of engaging with our local SBDC, we had PPP funds in our bank account. For the first time in a long time, I was able to breathe."
Laid-off single mother of three Flourishes with new venture, escapes COVID downturn
"Flourish was founded in 2018 after losing my job working the corporate world for more than 20 years. I love helping others find their path in life and my 11yo daughter saw this passion in me when I was struggling to figure out my next venture in life. She encouraged me to follow my heart, and I did! The Alabama SBDC has been extremely helpful not only providing consistent and informative resources, but direct access to funding sources that literally saved our small business from going under. Because of them we were able to maintain our employees and expand our team by 3 people by the end of 2020. Within 24 hours of engaging with our local SBDC, we had PPP funds in our bank account. For the first time in a long time, I was able to breathe."
We lost 100% of our income from the pandemic. But because of SBDC assistance, we know there is a future for us. We are so grateful to Yolanda and the SBDC for their work to keep small businesses, like ours, open.
Owners, Creative Hands Cuisine
We lost 100% of our income from the pandemic. But because of SBDC assistance, we know there is a future for us. We are so grateful to Yolanda and the SBDC for their work to keep small businesses, like ours, open.
Owners, Creative Hands Cuisine
We lost 100% of our income from the pandemic. But because of SBDC assistance, we know there is a future for us. We are so grateful to Yolanda and the SBDC for their work to keep small businesses, like ours, open.
Owners, Creative Hands Cuisine
We lost 100% of our income from the pandemic. But because of SBDC assistance, we know there is a future for us. We are so grateful to Yolanda and the SBDC for their work to keep small businesses, like ours, open.
Owners, Creative Hands Cuisine
We lost 100% of our income from the pandemic. But because of SBDC assistance, we know there is a future for us. We are so grateful to Yolanda and the SBDC for their work to keep small businesses, like ours, open.
Owners, Creative Hands Cuisine
Los Angeles
Family Business Overcomes Civil Unrest and Covid Restrictions with SBDC Support
Serina Lim took over her parents' jewelry business, Phnom Pich, and had increased its profitability before COVID. However, her retail space was damaged significantly during the civil unrest in 2020. Then COVID hit and the added safety restrictions significantly cut into her sales. Her SBDC advisor helped her prepare financial statements and projections to apply for a CARL loan, which has provided working capital, as well as financed her pivot to online sales. Online sales have been strong, and she has regained the upward trajectory of her pre-COVID days. Her advisor has connected her with additional funding in 2021 and is now helping with an EIDL increase.
photo credit: Brian van der Brug-Los Angeles Times
Family Business Overcomes Civil Unrest and Covid Restrictions with SBDC Support
Serina Lim took over her parents' jewelry business, Phnom Pich, and had increased its profitability before COVID. However, her retail space was damaged significantly during the civil unrest in 2020. Then COVID hit and the added safety restrictions significantly cut into her sales. Her SBDC advisor helped her prepare financial statements and projections to apply for a CARL loan, which has provided working capital, as well as financed her pivot to online sales. Online sales have been strong, and she has regained the upward trajectory of her pre-COVID days. Her advisor has connected her with additional funding in 2021 and is now helping with an EIDL increase.
photo credit: Brian van der Brug-Los Angeles Times
Family Business Overcomes Civil Unrest and Covid Restrictions with SBDC Support
Serina Lim took over her parents' jewelry business, Phnom Pich, and had increased its profitability before COVID. However, her retail space was damaged significantly during the civil unrest in 2020. Then COVID hit and the added safety restrictions significantly cut into her sales. Her SBDC advisor helped her prepare financial statements and projections to apply for a CARL loan, which has provided working capital, as well as financed her pivot to online sales. Online sales have been strong, and she has regained the upward trajectory of her pre-COVID days. Her advisor has connected her with additional funding in 2021 and is now helping with an EIDL increase.
photo credit: Brian van der Brug-Los Angeles Times
Family Business Overcomes Civil Unrest and Covid Restrictions with SBDC Support
Serina Lim took over her parents' jewelry business, Phnom Pich, and had increased its profitability before COVID. However, her retail space was damaged significantly during the civil unrest in 2020. Then COVID hit and the added safety restrictions significantly cut into her sales. Her SBDC advisor helped her prepare financial statements and projections to apply for a CARL loan, which has provided working capital, as well as financed her pivot to online sales. Online sales have been strong, and she has regained the upward trajectory of her pre-COVID days. Her advisor has connected her with additional funding in 2021 and is now helping with an EIDL increase.
photo credit: Brian van der Brug-Los Angeles Times
Family Business Overcomes Civil Unrest and Covid Restrictions with SBDC Support
Serina Lim took over her parents' jewelry business, Phnom Pich, and had increased its profitability before COVID. However, her retail space was damaged significantly during the civil unrest in 2020. Then COVID hit and the added safety restrictions significantly cut into her sales. Her SBDC advisor helped her prepare financial statements and projections to apply for a CARL loan, which has provided working capital, as well as financed her pivot to online sales. Online sales have been strong, and she has regained the upward trajectory of her pre-COVID days. Her advisor has connected her with additional funding in 2021 and is now helping with an EIDL increase.
photo credit: Brian van der Brug-Los Angeles Times
Orange County / Inland Empire
I was finally able to sell some of my products online, a lot of people didn't know what I did and there was no way for me to show how innovative my designs and creations were to people outside of Santa Ana. Now I can!
Early program participant and owner of Nino's Bridal
I was finally able to sell some of my products online, a lot of people didn't know what I did and there was no way for me to show how innovative my designs and creations were to people outside of Santa Ana. Now I can!
Early program participant and owner of Nino's Bridal
I was finally able to sell some of my products online, a lot of people didn't know what I did and there was no way for me to show how innovative my designs and creations were to people outside of Santa Ana. Now I can!
Early program participant and owner of Nino's Bridal
I was finally able to sell some of my products online, a lot of people didn't know what I did and there was no way for me to show how innovative my designs and creations were to people outside of Santa Ana. Now I can!
Early program participant and owner of Nino's Bridal
I was finally able to sell some of my products online, a lot of people didn't know what I did and there was no way for me to show how innovative my designs and creations were to people outside of Santa Ana. Now I can!
Early program participant and owner of Nino's Bridal
San Diego & Imperial
$135.3M
In pandemic relief our SBDC network helped regional small business owners access in the last fiscal year
$135.3M
In pandemic relief our SBDC network helped regional small business owners access in the last fiscal year
$135.3M
In pandemic relief our SBDC network helped regional small business owners access in the last fiscal year
$135.3M
In pandemic relief our SBDC network helped regional small business owners access in the last fiscal year
$135.3M
In pandemic relief our SBDC network helped regional small business owners access in the last fiscal year