Are you exploring the purchase of an existing small business? Be sure to do your due diligence. Initial documentation that you need to obtain from the seller includes: business tax returns for the past 3 years, the most current balance sheet, and a year-to-date profit and loss statement. Additionally, the seller should break down the asking price into tangible (property and equipment) and intangible assets (“goodwill” or “client list”). Have an expert help review the financial information to see if the asking price is reasonable, before moving forward.
If so, please complete this quick survey! The Lehigh SBDC is part of the Southeast PA Defense Transition Initiative and is looking for companies that have been affected by reductions in DoD spending. Companies that qualify are eligible to access a wide range of local resources for business consulting, manufacturing assistance, and workforce development resources. Upon completing the survey, you will be contacted if you are potentially qualified.
The mission of the Lehigh University Small Business Development Center (SBDC) is to provide entrepreneurs and small business owners with the knowledge needed to make smart decisions and prosper.
The Lehigh University SBDC provides consulting services and educational programs to entrepreneurs wanting to start or grow a small business. SBDC consultants work one on one with entrepreneurs to help test a new business proposition, shape a business plan, or investigate funding issues. Addressing topics ranging from financing to issues to marketing tactics, SBDC programs serve to inform and assist entrepreneurs with the many tasks that business owners face.
Consultations with staff are by appointment only such that we encourage you to submit your Request for Service form prior to coming to our offices.
Those exploring the idea of a new business who do not have previous business experience can start working with the SBDC by attending our "First Step Pre-Business Workshop." The content is a general overview of what it takes to start a business. The sessions are held at various locations in Northampton, Lehigh, Upper Bucks, and Northern Montgomery counties. An online version is also available for those who cannot attend in person. More information can be found on the SBDC seminars page.
The second phase for start-ups is using our website's resources to fine-tune and develop your start-up concept. The Resources page is your connection to demographics, market research, municipal contact information, and more. Complete the Request for Service form for additional follow-up assistance.
Established companies can work with SBDC consultants and staff to receive help with a wide array of projects ranging from financing and human resources to government contracting and international trade. Complete the Request for Service form to become a client. Existing businesses, please use this link for services. If you have previously worked with the SBDC, please call us at 610-758-3980.
The offices of the Lehigh University SBDC are located at 416 E. 5th Street, by Lehigh University's Main Campus, in the South Side of Bethlehem, Pennsylvania.
Small Business Development Center
416 E. 5th St.
Bethlehem, PA 18015
Phone: (610) 758-3980
Fax: (610) 758-5205