U.S. Small Business Administration
Programs & Services Available for
Your Small Business
You’ve decided to go into
business, let us in the SBA
help you grow.
The SBA Advantage — Resources and Programs for Success
1
Starting and Expanding Your Business
Do you need assistance?
•
Business Counseling
•
Developing a business plan
•
Making contacts
•
Accessing business resources
•
Reviewing your loan package
•
Preparing for Federal contract
opportunities
2
Starting and Expanding Your Business
The SBA and its resource partners
provide business education and
counseling programs across the country.
• SCORE
• Small Business
Development Centers
• Women’s Business Centers
• Small Business Training Network
• Procurement Technical Assistance Centers
3
Reaching the Underserved
SBA strives to reach those underserved
by our programs including:
• Women
• Veterans
• Minorities
• Native Americans
• Young Entrepreneurs
4
Financing Options for Your Business
SBA financial assistance programs
can help you:
• Start and grow your business
• Export your goods and services
• Recover from a disaster
SBA is primarily a guarantor of loans made by
private and other institutions.
The SBA does not offer grants to start or
grow small businesses.
5
Do You Know Your Financing Options?
• Loans Guarantees for:
• Inventory and working capital
• land and buildings
• Refinance existing business debt
• Surety bonds for small and minority
construction contractors
• Venture capital investing
• Export assistance
• Disaster assistance
6
SBA Loan Guarantee Approval Considerations
• Owners and operators of
good character
• Feasible business plan
• Management expertise and
commitment necessary for success
• Sufficient funds, including SBA
guaranteed loan, to operate the business
on a sound financial basis
• Adequate equity invested in the business
• Sufficient collateral
• Ability to repay the loan on time from the
projected operating cash flow
7
The 7(a) Loan Program
• SBA’s primary business loan program
• Broad eligibility requirements
• Wide range of financing needs
• Used for Franchise financing
• Maximum loan amount of $5 million
• Maximum guaranty can not exceed 90% of loan
• Look at Your SBA District’s Resource Guide for
different programs
– Found at www.sbaguides.com
8
Patriot Express Initiative Loan
Can be used for:
• Start-up
• Expansion
• Equipment purchases
• Working capital
• Inventory purchases
• Business real-estate purchases
9
Patriot Express Initiative Loan
Patriot Express loans qualify for
the SBA’s maximum guaranty:
• $450,000 (90 percent)
• Lenders are required to take
all available collateral for
loans between $350,000
and $500,000
• Certification of U.S. Immigration
Laws compliance is required
10
CAPLines Loans
Short-term, cyclical working capital
• Maximum loan amount: $5 million
• Maximum guaranty = 90%
• Uses: short-term/seasonal revolving line
of credit
• Maturity: up to 5 years
• Maximum interest: vary with amount/type/
length of loan
• Guaranty fees: vary with amount/
type of loan
11
Microloans
• Maximum loan amount: $50,000
• Offered by Intermediaries
• Uses: purchase machinery, equipment,
fixtures, working capital, leasehold
improvements, increased receivables
• Maturity: 6 years or less
• Maximum interest: negotiable
• Guaranty fees: none
12
504/Certified Development Company Program
• Maximum loan amount: $5M to $5.5M
• Maximum guaranty: 50%
• Project costs: financed by 504 Loan 40%
lender finances — 50%
equity finances 10-20%
• Uses: long-term; fixed assets; debt refinancing
• Maturity: generally 10 - 20 years
• Maximum interest: fixed rate established when
debenture backing sold
• Guaranty fees: Eliminated thru 31 Dec ‘10;
other factors may apply
13
International Trade Financing
• National Export Initiative
• 96% of the world’s customers
reside outside the U.S.
• Conducting foreign business
is easier than ever
• Global communications
enhance business opportunities
• Exports create jobs in the U.S.A.
14
The Surety Bond Guarantee Program
SBA has two program options available:
• Prior Approval Program (Plan A):
– SBA guarantees 90% of a surety’s paid losses,
expenses on bonded contracts up to $100,000
and on bonds for socially and economically
disadvantaged HUBZone contractors and
veterans & service-disabled veterans.
– All other bonds guaranteed in the Plan A program
receive an 80% guarantee.
• Preferred Surety Bond Program (Plan B)
– SBA guarantees 70%, but sureties may issue,
monitor and service bonds without SBA’s prior
approval.
• Maximum bond maximum amount $2 million
15
Small Business Innovation Grants
1. Small Business Innovation Research (SBIR)
•
Reserves a percentage of government R&D funds for small
businesses
• Participating agencies: Departments of Agriculture,
Commerce, Defense, Education, Energy, Health and
Human Services, Homeland Security, Transportation;
Environmental Protection Agency; NASA and the
National Science Foundation
2. Small Business Technology Transfer (STTR)
•
Reserves a percentage of government R&D funds for
small businesses and nonprofit research institutions
• Participating agencies: Departments of Defense,
Energy, Health and Human Services; NASA and the
National Science Foundation
16
Federal Contracting
The HUBZone Program
• Federal set-asides or;
• Sole-source awards
• Price evaluation preference
• Qualified tracts throughout States & Territories
• Identified at www.sba.gov/HubZone
17
The 8(a) Business Development Program
• Program for women, disadvantaged
individuals, service-disabled veterans
and others in social or economic
disadvantage.
• Offers assistance to businesses
competing for federal contracts.
• Sole-source or competitive Federal contracts.
• 7(j) Management and Technical assistance.
18
Women-Owned Small Business Program
• Approved 1 Oct 2010, implementation to be
made after 4 February 2011.
• To Qualify:
– Woman/Women Directly Own, Control &
Manage Daily Operations
– Woman/Women must be U.S. Citizens
• Economically Disadvantaged WOSB
– Plus
• Net Worth $750,000
• Income not exceeding $350,000
• Assets not exceeding $6m
• More info at www.sba.gov/wosb
Your Voice in Government
• The SBA Office of Advocacy
works to ensure proposed
federal rules and regulations
will not unfairly impact small
businesses.
www.sba.gov/advo
• The SBA Office of National
Ombudsman assists small
businesses subjected to unfair
audits, fines or enforcement
actions.
www.sba.gov/ombusdman
20
SBA on the Internet
www.sba.gov
• Easy-to-find information to
help small businesses start, grow and succeed.
• Small Business Training Network — an online virtual
campus offering free courses, work-shops and
resources.
www.sba.gov/espanol
• Ayuda en Español
www.business.gov
The official resource to help businesses find:
• Compliance information
• Contacts at government agencies
www.franchiseregistry.com
• SBA assistance for Franchisors and Franchisees
21
SBA Resource Partners in Florida
• Florida Small Business Development Center
(SBDC) Program
– www.floridasbdc.com
• SCORE Florida
– www.scoreflorida.org
• Women Business Center (WBC) Program
– Jacksonville: www.myjaxchamber.com
– Melbourne: wbc.fit.edu
– Miami: www.flwbc.org
• Procurement Technical Assistance Center
(PTAC) Program
– www.fptac.org
• Veterans Business Outreach Center
– www.vboc.org
• Assistance for Spanish Speakers
– www.hbifflorida.org
22
Your SBA
For more information about
your local SBA resources go to:
www.sba.gov
Resource guides @ www.SBAGUIDES.com
23