How We Can Help
How we can help
Business owners at all stages rely on the Hampton Roads SBDC as a trusted resource. Our advisors help new and aspiring entrepreneurs get off to a solid start and help existing business owners grow and expand their operations to new levels of revenue, job creation and success.
Access to capital is an important part of our work with small businesses. Whether you are looking for funding, a more in-depth understanding of lending requirements, polishing a business plan before pitching to investors, or seeking business valuation in preparation to exit, the Hampton Roads SBDC can help.
Our clients range in size and scope. We’ve helped small businesses access $4,000 and $4 million in capital. We work with revenues ranging from $10,000 to $10 million; and assist everyone from sole proprietors to S Corporations. Our role is to support small businesses and create economic impact for Hampton Roads.
Frequent Areas of Advising Include:
- Business ideation
- Business planning including writing a business plan
- Market position and unique value proposition
- Staffing, employees and HR
- Business structure
- Funding including access to capital
- Working with investors and preparing for a business loan
- Financials including business pro formas
- Real estate acquisition
- Customer discovery
- Public relations
We work with business owners of all backgrounds and experience levels, from first timers to serial entrepreneurs. In addition to variety in background and experience, our client demographics vary in each of the 18 cities and counties we serve across Hampton Roads; minority and women owned businesses are represented commensurately and we are proud of the impact we have ensuring that traditionally underrepresented business owners are receiving resources to start, grow, expand and succeed.
Virginia SBDC Clients grow four times faster and create more jobs than average Virginia businesses: 25.5% compared to 8.6% in sales growth and 18.7% compared to 2.2% in employment growth.