M&K Littles LLC, under the visionary leadership of Memory Flores, embarked on a transformative journey to acquire a childcare center, seeking guidance from the Lubbock SBDC to turn their ambitious dream into a vibrant reality. Memory's initial connection with the SBDC in November 2024 marked the beginning of a strategic partnership, aimed at mastering the intricacies of business plan development, financial forecasting, and the nuances of launching a successful startup.

With the dedicated support of SBDC consultant Chuck Edwards and the entire SBDC team, M&K Littles LLC received comprehensive assistance that proved invaluable at every stage. The SBDC's expertise was instrumental in refining their business plan through Live Plan, navigating complex financial projections, and demystifying the legal landscape of forming an LLC. Moreover, Memory and her partner gained access to a wealth of resources, including detailed industry-specific reports and meticulously crafted balance sheet templates, empowering them with the knowledge and tools necessary for informed decision-making.

Initially, M&K Littles LLC explored traditional financing avenues, including SBA loans, with the goal of purchasing both the business and the property outright. However, unforeseen appraisal challenges prompted a strategic pivot. Guided by the SBDC's insightful counsel, they skillfully negotiated an agreement to acquire the business and its essential equipment using available cash, while opting to lease the building with a forward-looking plan to reassess the property purchase later. This adaptive approach not only demonstrated their resilience but also ensured a sustainable path to realizing their entrepreneurial aspirations. M&K Littles LLC is now exceptionally well-positioned to deliver high-quality childcare services to the Lubbock community, nurturing young minds and contributing to the region's bright future.