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Help for small businesses

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By Ryan Houston - bio | email

ALBANY,  GA (WALB) –During these tough economic times, some small businesses are finding it hard to keep their doors open. But that isn't the case with Cinnabon located in the Albany mall.

In fact, at the beginning of the year they were ranked the number one franchise in the nation Bank of America announced it will give 10 Million Dollars in grants to nonprofit lenders that help small businesses get their feet off the ground.

And that was good news for the nonprofit Albany Community Together. They're services have helped over 200 businesses in southwest Georgia. So Albany Community Together with Capital City Bank made his dream a reality.

When starting a new business, it's about the company and location."We recognized the Albany mall was a very good area in terms of customer base," said Owner FranK Ross. Frank Ross is the owner of Cinnabon bakery in the mall.

And it took him about a year to get up and rolling. "The business plan was one of the key factors. And also we tried to look and make sure we had all the right resources," said Ross.

Two good examples of how the programs works are Little Caesar and Cinnabon. "Little Caesar's received help and Cinnabon. And little Caesar's is expanding to Tallahassee,fl," said CEO of Albany Community Together Thelma Johnson.

The help they provide comes in all shapes and sizes. "Help in form of a loan, technical business assistance, and strengthening business plans, and even in some cases going to the banks with customers," said Johnson. 

So is it a good time to become an entrepreneur? "Right now would be a good time to open and find a qualified pool of workers," said Johnson.  By strengthening small businesses it will help create more jobs.

And if you are interested in starting your own company. Congressman Sanford Bishop is hosting a small business fair at Albany Technical College August 16th. ©2010 WALB News. All rights reserved.   Feedback