Small Business Development Group, Inc. filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Maine on January 5, 2016. The debtor listed its assets of $5.33 million and liabilities of $1.21 million. The largest unsecured creditors include Centra Holdings, LLC, Darling Capital, LLC, IBA Capital Funding LLC, RYS & Company Management, LLC and Sefirah, Corp.

The debtor is represented by Jeffrey P. White of Jeffrey P. White & Associates, P.C. as its legal counsel.