The SBTDC's State of Small Business Blog

  • NC STTR Success Story: Selsym Biotechnology Mar 13, 2023Revolutionizing Hemorrhage Control SelSym Biotech, Inc. is a Raleigh-based company founded in 2019 by Drs. Ashley Brown, Andrew Lyon, and Thomas Barker. The current team consists of its three co-founders and one full-time employee. Its lead product, SymClot, is an innovative synthetic platelet capable of improving hemorrhage control and addressing a range of clinical needs in ...Read more »
  • Survey Highlights Post-Pandemic Challenges Feb 27, 2023Source: SC SBDC The United States has experienced consistent and steady economic recovery following the COVID-19 recession that took place during the Spring of 2020. Yet 2022 brought with it a new set of challenges. To specifically identify issues faced by businesses in the aftermath of the COVID-19 pandemic, the South Carolina Small Business Development Centers ...Read more »
  • In An EIDL Repayment Cash Crunch? Four Things To Do Now. Feb 27, 2023Source: Arkansas SBDC When the pandemic swept the world, causing great stress on small businesses, the Small Business Administration (SBA) responded by creating the COVID-19 Economic Injury Disaster Loan (EIDL). Small business owners could apply for this government-provided loan, and the terms were favorable: 3.75% interest for 30 years with a 30-month payment deferment. Many small ...Read more »
  • COVID EIDL Hardship Accommodation Plan Jan 24, 2023Due to the continued adverse effects of the pandemic, SBA provided a deferment period of 30 months from the date on the original Note for COVID-19 EIDL borrowers. Interest continued to accrue on the loans during deferment. EIDL payments are due now and some borrowers are still struggling with the effects of the pandemic. The ...Read more »
  • Small Business Trends to Watch in 2023 Jan 24, 2023From Motley Fool, here are five trends to watch for in 2023: 1. Technology will become even more important The trick with new technology is to implement solutions that will make your life easier, without letting it take over. Don’t embrace new tech ideas just because they exist and look exciting. Look for technology that will ...Read more »
  • One NC Small Business Program Match and Incentive Reminder Jan 17, 2023 The One NC Small Business Program was funded at $2M for FY 2023 which runs from 7/1/22 to 6/30/23. The Program has two components: the incentive and the match. Links to the program solicitations are noted below. If you believe you are eligible, we encourage you to read the solicitations very carefully. Incentive Solicitation – Deadline to ...Read more »

Leave a Reply