B.C. non-profit that supported small businesses declares bankruptcy [Video]

A non-profit organization that supported small businesses across British Columbia has ceased operations due to financial challenges. 

Small Business B.C. (SBBC) was placed under bankruptcy on Dec. 5. MNP Ltd. has been appointed its trustee.

SBBC was established as a non-profit in 2002 and provided entrepreneurs at various skill levels guidance and resources to help build their businesses. For example, businesses could book consultations with advisors or get advice on importing and exporting products. 

SBBC had served over 880,000 clients, according to its 2022-2023 annual report.

But financial statements from previous years reveal the organization’s operating cost had grown substantially in recent years with the organization reporting a deficit of $37,608 for 2023, compared to a surplus of $496,118 in 2022. 

CBC News has sent multiple interview requests to SBCC but has yet to hear back. The organization’s social media accounts and website do not have any information on why it declared bankruptcy. 

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