Small Business Finance Class Helps Educate Ringgold Entrepreneurs

Saturday, August 31, 2013
Small Business Development Center Staff provided an informational seminar to local business owners about the "do's and don'ts" of small business finance. (From Left to Right): Business Consultant Matt Pearce; Program Coordinator Kinsey Hicks; Area Director Richard Montanaro.
Small Business Development Center Staff provided an informational seminar to local business owners about the "do's and don'ts" of small business finance. (From Left to Right): Business Consultant Matt Pearce; Program Coordinator Kinsey Hicks; Area Director Richard Montanaro.
- photo by Joseph Brellenthin
The University of Georgia's Small Business Development Center (SBDC) provides education and consulting to businesses large and small across the state of Georgia.  On Thursday August 29 at Ringgold City Hall the Ringgold Downtown Development Authority partnered with the SBDC to host "Finding Money for Your Small Business,"  a class on how start-ups and growing businesses can fund their expansion.  SBDC Program Coordinator Kinsey Hicks gave the details on what the class offers to business owners who are in search for the right type of funding, "Topics include different financing options such as bank loans, SBA guaranteed loans, non-bank lenders, private investors, and the myths and realities of grant funding.
" According to the SBDC website, their mission is "...to enhance the economic well-being of Georgians by providing a wide range of educational services for small business owners and aspiring entrepreneurs." 

The two hour class and luncheon was led by Mr. Matt Pearce who shared his own experience of owning a small business in Northwest Georgia as well as the fundamentals of how small companies can approach financing.  "We want to give businesses the tools to have the greatest likelihood of success," Mr. Pearce said.  Also bringing expert experience to the class was SBDC Consultant Richard Montanaro, the senior director for SBDC's Rome/Dalton regional offices. "The response to this class was so great, we look forward to hosting many more of these in Ringgold."   

These "lunch-&-learn," style classes  typically cost $70-80 including a meal and materials so to help make the class an affordable option for those on a tight budget, Wells Fargo offered scholarships to attendees to dramatically reduce the cost.  The SBDC offers a variety of consultation and research services as well as a curriculum of classes on everything from product pricing to small business marketing.  Director of Downtown Development, Joseph Brellenthin, explained that "state agencies offer a lot of great resources but being so close to the border we tend to be overlooked." After attending a class in Calhoun, GA last spring Mr Brellenthin and the Downtown Development Authority decided to sponsor a class in Ringgold.  Mr. Brellenthin said, "Ringgold's location makes it a great place for all of the Northwest Georgia communities and cities along Interstate 75 to gather for conferences and meetings like this class."  


Beltone Announces Grand Opening In Hixson

Beltone is celebrating its grand opening for its newest store located at the Walmart Shopping Center, at 5756 Highway 153, Suite 116 in Hixson on  June 8  at 3 p.m. There is no cost to attend. There will be refreshments and snacks after the ceremony.  Officials said, "Come join us for this occasion with the Chattanooga Chamber of Commerce, and ... (click for more)

Chattanooga Women's Leadership Institute To Host Leadership Luncheon

Chattanooga Women’s Leadership Institute (CWLI) will host a Leadership Luncheon highlighting the importance of acknowledging mentors in the workplace on  Friday June 5, at The Chattanoogan from  11:30 a.m. – 1 p.m. One of the themes for 2015: recognizing and acknowledging the importance of mentors – even though our mentors may not look like us. ... (click for more)

Apartment Fire Leaves 2 Homeless Friday Evening

Chattanooga firefighters responded to an apartment fire just before  7 p.m. on Friday . Six fire companies responded to the fire, at 2709 Citico Ave. Battalion Chief Rick Sewell said heavy smoke was showing in Apartment 5 in Building B when the first firefighters arrived, and flames were shooting out a front window. Chief Sewell said the firefighters made an aggressive ... (click for more)

Fricks Pleads Guilty To Defrauding Cornerstone Community Bank In Dalton

Grady Wayne Fricks has pleaded guilty to conspiracy charges arising out of a scheme to defraud Cornerstone Community Bank in Dalton, Ga. “This defendant used his connection with a bank insider to obtain a fraudulently inflated loan,” said Acting U.S. Attorney John Horn. “Fricks’ ability to manipulate people to further his scheme left the bank and its stockholders shouldering ... (click for more)

Best City, Really?

I believe the success Chattanooga has had in the best outdoor city contest has got to be the "Ridge Cut" trail. To be able to sit in your vehicle while inching along right beside the old steel plant and, of course, the train yard where tankers sit loaded with hazardous gases. Then passing through one of the city's most active areas for gunfire, it's a win win.   It's ... (click for more)

Roy Exum: City Limits Worry Dogs, Cats

If you are a dog or a cat in the Chattanooga area, it is very important to know exactly where the city limits are. You need to know that if a stray animal is rescued in the city, it is taken to one of the finest animal shelters in all of America. But if the errant pooch or tabby is found in Hamilton County – outside the city limits -- it is taken to arguably the worst animal facility ... (click for more)