Get help coping with the recession

Feb. 14, 2009, 12:34AM

Q: The economic slowdown is starting to hurt my small business. How can I get ideas and assistance for coping with the challenges that small businesses face today?

A: Small businesses shouldn’t have to face the recession alone. And in Houston, they don’t have to.

Capital One Bank and SCORE have formed the Small Business Development Alliance. Its aim is to help Houston-area small businesses survive and succeed during the tough times. Small-business owners are invited to attend free seminar and networking events planned throughout the year.

At these events, you will take home coping strategies for tough times, meet with lenders of alternative financing, network with other small businesses and enjoy a free lunch.

“We recognize the important role small businesses play in stimulating our economy and rebuilding our communities and the determination it takes to open your own business,” said Laurie Vignaud, a senior vice president at Capital One bank.

At the events, you’ll have the opportunity to meet one-on-one to discuss your situation with SCORE counselors, Capital One bankers and their strategic partners:

• SCORE SMART squad members will explain how they can work with you at your location to help resolve business issues.

• The Small Business Administration will explain the SBA Loan Guarantee programs.
• Acción Texas provides credit to small businesses that do not have access to loans from commercial sources.
• Houston Business Development can provide low-interest-rate loans
and an array of support services and management assistance.
• The Houston Minority Business Council actively involves its members to increase and expand business opportunities and business growth for minority business enterprises.
• The city of Houston One Stop Business Center provides information on city, county, state and federal regulations affecting your business.

The next seminar is at the Church At Bethel’s Family, 14442 Fonmeadow Drive, in Houston next Saturday from 9 a.m. to 3 p.m. and includes a free lunch. Visit www.scorehouston.org to register and see the schedule and locations of the other free seminars.