How Important are Small Businesses to America s Economy

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1 How Important are Small Businesses to America s Economy

2 Small businesses make up: 99.7 percent of U.S. employer firms, 63 percent of net new private sector jobs, 48.5 percent of private sector employment, 42 percent of private sector payroll, 46 percent of private sector output, 37 percent of high tech employment, 98 percent of firms exporting goods, and 33 percent of exporting value.

3 What HUD Has to Say Half of America s workers either own or work for a small business Generated 64 percent of net new jobs over the past 15 years. Create two out of every three new jobs in America

4 Net National Job Growth 1 49 Employee Firms 30 Percent of Job Growth 500 or more 39 Percent of Job Growth

5 2013 Retail Employment Firms with 1 49 Employees 50 Percent of net Job Growth Firm with Employees Three Percent of net Job Growth

6 Veteran s Impact on The Economy Ten percent of all small businesses are Veteran Owned some 2.5 million Employ 5.8 million Americans Account for more than $1 trillion dollars in sales per year

7 U.S. Small Business Administration Programs and Services

8 SBA s Role Build Skills Manage Growth Avoid Costly Mistakes Leverage Financing Obtain Federal Contracts

9 SBA s Mission Capital Contracts Counseling

10 SBA Field Structure

11 Access to Capital

12 Capital Access NO DIRECT LOANS or GRANTS Loans made by private commercial lenders SBA s role guarantees private commercial loans

13 Capital Access Benefits of SBA loan guaranty can include: Decreased lender risk, increased chances for approval Fully amortized loan (no balloon payments) Lower equity injection requirement Lower monthly payments with longer repayment term

14 Capital Access 7(a) Loan Program General Purpose Business Loan Program Working capital Machinery and equipment Inventory Building and land Refinancing of business debt* Change of ownership or business purchase* *Under certain conditions

15 Capital Access 7(a) Loan Program Maximum loan $5 million Guaranty 50% to 90% of loan No guaranty fee on loans under $150,000

16 Capital Access Program Variations Veterans Advantage SBA Express Small Loan Advantage Community Advantage CAPLines International Trade Export Working Capital

17 Capital Access 504 Loan Program Fixed Asset Financing Finances commercial real estate, long life machinery & equipment Economic development oriented projects Job Creation/Retention Community Development Objectives Public Policy Goals Loans up to $5 million

18 Capital Access 504 Deal Structure Commercial Lender Senior loan 50% of project Variable or fixed rate Certified Development Company Junior Loan 40 % of project Fixed rate based on U.S. Treasury rate 100% SBA guaranty Borrower 10% of project New business +5% Single use facility +5%

19 Capital Access Microloan Program Loans up to $50,000 Delivered by SBA approved nonprofit microlending organizations Pre /post loan management & technical assistance

20 Capital Access Surety Bond Guarantee Program Bid, performance, and payment bonds Guaranty 70 90% of bond General contracts up to $6.5 million Federal contracts possibly up to $10 million

21 Counseling and Technical Assistance

22 Counseling & Training Resources Small Business Development Centers 1,100 Centers Nation Wide SCORE 11,000 volunteers 320 Chapters Women Business Centers 100 Centers Nation Wide

23 Counseling and Training Resources 16 Veteran Business Outreach Centers

24 Counseling & Training Resources SBA Website Online small business training SBA Georgia District Office Small Business Resource Guidewww.sbaguides.com/magazine

25 Contracting and Certifications

26 Government Contracting 23 Percent of all federal procurement Annual Report Card

27 Government Contracting Federal Contracting Certifications 8(a) Business Development Program Historically Underutilized Business Zone (HUB Zone) Certification Women Owned Small Business Certification

28 Government Contracting Other Resources Dynamic Small Business Search Certificates of Competency SubNet

29 Contact Information Georgia District Office: Phone: (404)

30 Questions?

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