NJSBDC at New Jersey University
America’s Small Business Development Centers (SBDC) were established in 1977 and can be found in every state in the U.S. Twelve SBDC regional offices are located throughout New Jersey.
A partnership program with the U.S Small Business Administration
A variety of educational and business resources are available to counsel and train small business owners to finance, market and manage their companies. New Jersey City University students and staff are encouraged to take advantage of SBDC services, including the periodic workshops offered at no cost to the university community. The NJSBDC network also provides opportunities for students to participate in research and get first-hand business experience under the supervision of faculty and business professionals.
“The New Jersey Small Business Development Centers’ network is committed to guiding established small business owners and aspiring entrepreneurs to create and expand their business enterprises which will, in turn, result in sustainable growth, job creation and statewide economic development and prosperity.”
Meet the Regional Director at New Jersey City University
Vid A. Bahadur,
Vid A. Bahadur is the Regional Director at the NJ Small Business Development Center (NJSBDC) at New Jersey City University (NJCU) in Hudson County.
Vid has served the Hudson County community for the past 24 years through his tenure at New Jersey City University. He led NJCU to the highest Graduate Enrollments in its history. While doing so, he petitioned senior administration to increase community access to higher education by removing barriers such as standard test requirements.
Prior to joining NJSBDC at NJCU, Vid co-founded and serves as the Director for NJCU’s Center for Workforce & Community Development. His team specializes in workforce readiness, skills training, employer engagement and job training. Through these capacities, Vid is positioned to drive economic mobility and transform lives for Hudson County residents and beyond. Vid is a member of the Hudson County Workforce Leadership Academy, one of several Workforce Leadership Academies in localities across North America.
Call us today: (201) 200-2156
Small Business Development Center
285 West Side Avenue Suite 199
Jersey City, NJ 07305
Maria Mentiras Bar & Grill, LLC
328 32nd Street
Union City, NJ 07087
Maria Gutierrez arrived in New Jersey as a teen from Medelin, Colombia. She and her family were in search of opportunity and the American Dream. Her ambition and desire for success formed at age 17, when she opened her first clothing store. Sixteen-hour workdays and two-hour bus rides became a normal routine. Long days and expensive business lessons were met with even more drive and the discipline to continue moving forward.
In 2011, Ms. Gutierrez wanted to grow her clothing business and sought the assistance of the NJSBDC at New Jersey City University. Business consultant Ryan Silvestre advised Maria on her business structure, organizational skills, time management and financial arrangements. This extra insight into her entrepreneurial efforts led to conversations about expanding and possibly purchasing a new business. With help from the NJSBDC on valuation modeling and due diligence, a decision on building a new business was made. With proper planning, and a creative debt structure, Ms. Gutierrez was able to secure the capital needed to open Maria Mentiras Bar and Grill, LLC.
Now one of Hudson County’s premier restaurants, Maria Mentiras, as the regulars endearingly call it, provides Latin fusion dishes, along with unique specialty cocktails and live music. A staple of Union City, New Jersey, Mentiras Bar & Grill draws a local crowd as well as patrons from many of the neighboring cities.
Since opening, Ms. Gutierrez has been able to create over 20 restaurant jobs, in addition to internship opportunities. Most recently, Ms. Gutierrez and the NJSBDC at NJCU have worked on a marketing and social media plan utilizing another SBDC client to assist her in its execution. NJSBDC at NJCU also assisted Maria Mentiras, LLC in upgrading from its paper method of bookkeeping to QuickBooks online. The results were greater efficiencies in time and cash flow management, which allowed her to capitalize on new business opportunities. Traditional approaches of bankability made it impossible for her to secure a commercial mortgage; however, with these interim financials, she was able to structure a private mortgage for the acquisition of two buildings for $1.2 million, and the purchase of the buildings housing her restaurant.
In addition to the success of Maria Mentiras Bar & Grill, Ms. Gutierrez continues to grow her clothing store and multiple other businesses. Her newest venture is a gourmet fast food business with franchise potential. Salsa Arepa is scheduled to open later this year at the very exclusive Westfield Garden State Plaza in Paramus, following completion of a $250,000 construction project. This truly long-term client has collectively created over 40-plus jobs and facilitated over $2 million in capital infusion invested in her businesses. The NJSBDC at NJCU will continue to provide support and guidance as the Center assists her in developing strategic plans concerning business sustainability and expansion.
starting Your Business
If you are planning on starting a small business, NJSBDC, with the help of the Small Business Administration (SBA), is here to make your small business dreams a reality. Become a client and see how.
Expanding Your Business
If you are an existing business with annual revenue of up to $1 million or have more than $1 million in revenue and/or 10 or more employees, NJSBDC can help you expand your market share as a company and grow your vision into a successful company. Become a client and see how.