SBA Director, Jayne Armstrong Speaks to Johnston Rotary

The speaker for November 8, Election Day 2016, was Jayne Armstrong, Iowa District Director of the U. S. Small Business Administration (SBA).   Ms. Armstrong addressed the Johnston Rotary Club at the invitation of Dave Berry.

 

She oversees financial, business counseling and government contracting operations for the SBA Iowa District Office, and has worked as District Director in many different states.   A native of Pittsburgh, PA, Jayne earned multiple degrees from West Virginia University, and was the student body president.  She has been a Rotarian for 29 years.

The SBA works with entrepreneurs, and provides primarily capital, counseling, and contracting services for their small business clients.

 

Capital – provides government guaranteed loans, but does not include any Grants.  For the startup businesses they serve, they will share the risk with the local bank to allow them to provide loans for fledging companies.   Loan volume for Iowa is greater than 450 loans per year, with loan volumes approaching $200 million per year, serviced from 9 locations in Iowa.

Counseling -   SBA also has various counseling services for Small Business, including specific programs for women and veterans.  These services include one-on-one counseling, training, and technical assistance.

Contracting – SBA has programs to assist companies to secure federal contracts.  Approximately 25% of federal contracts are fulfilled by small companies.