USDA Rural Development Business Programs
|
|
- Godfrey Summers
- 7 years ago
- Views:
Transcription
1 USDA Rural Development Business Programs
2 Business Programs Business & Industry Guaranteed Loans Revolving Loan Fund Programs Energy Programs (REAP) Rural Business Development Grant (RBDG)
3 Eligible Locations Rural Area Anywhere except within the boundaries of a city or town with more than 50,000 inhabitants or the urbanized area of that city or town Eligibility can be determined at the following Web site: tion.do
4
5 B&I Guaranteed Loan Program The Business and Industry (B&I) Guaranteed Loan Program is a loan guarantee program designed to assist credit-worthy rural businesses to obtain needed credit for most any legal business purpose. Bolster the existing private credit structure through the guarantee of quality loans that provide lasting community benefits Not intended for marginal or substandard loans or relief of lenders having such loans
6 Eligible Borrowers Any legal entity, including, corporations, partnerships, and cooperative organizations; Federally recognized tribal group, public body; or individual engaged in or proposing to engage in a business Can assist both For-profit and Non-profit entities
7 Types of Businesses Financed Manufacturing Wholesaling Retailing Service oriented businesses *Project must be in eligible areas
8 Loan Purposes Real estate purchase and improvements Machinery and equipment Long term working capital Debt refinancing under certain conditions Business expansion Leasehold improvements
9 Ineligible Borrowers / Purposes Charitable institutions Churches or church-controlled organizations Fraternal organizations Lending and investment institutions Insurance companies Businesses engaged in illegal activity Golf courses
10 Ineligible Borrowers / Purposes (Cont.) Lines of credit Lease payments Guarantees of loans made by other Federal agencies Distribution of payment to an owner, beneficiary, or a close relative of the owner, when an owner will retain an ownership interest Federal tax-exempt obligations
11 Benefits for the Borrower Greater access to credit Ability to fund a project Potentially longer repayment terms, with improved cash flow
12 Benefits for the Lender Credit enhancement Established secondary market can enhance Lender s liquidity and increase yields Exclusion of the guaranteed portion from legal lending limits Assists banks in meeting CRA requirements
13 Leveraging The USDA B&I Guaranteed loan can be combined with other State and Federal loan and grant programs
14 Business & Industry % of Loan Guaranteed 80% on loan amounts up to $5 million 70% on loan amounts up to $10 million 60% on loan amounts up to $25 million Fees One-time guarantee fee of 3% of the guaranteed amount Annual renewal fee of 0.50% Community size Population up to 50,000 Borrower Types Any legal entity, including non-profit organizations New or existing businesses Loan Amounts Up to $25 million (subject to annual notice) Loan Uses Real estate purchase and improvements M&E acquisition Working capital Debt restructuring Business acquisition
15 Business & Industry Max Loan Terms RE - 30 years, M&E 15 years, WC 7 years Personal / Corporate Guarantees Tangible Balance Sheet Equity Required from individuals and entities with 20% or more ownership 10% required for existing entities 20% required for new entities Collateral Requirements Minimum 1:1 after discounting Advance Rates RE 80% (Customary Agency rates) M&E 70% Inventory 60% A/R 60% Environmental Review Process Should be initiated as early as possible with RD office
16 Differences between B&I and SBA 7(a) USDA B&I SBA 7 (a) Non-Profits Yes No Investment RE Yes No Revolving Line of Credit Collateral Deficiency SBA Size Standards No No No Yes Yes Yes Location Under 50,000 population All locations Max Loan Amount $25 million $5 million % of Guarantee < $5 million: 80% $5 $10 million: 70% < $150,000: 85% $150,000 $5 million: 75%
17 Business Projects DeVilbiss Healthcare $3.6 million Business & Industry Loan Guarantee Funding to relocate manufacturing from China back to Somerset, PA
18 Revolving Loan Fund Programs Intermediary Relending Program (IRP) Rural Microentrepreneur Assistance Program (RMAP)
19 Intermediary Relending Program (IRP) USDA makes a direct loan to an Intermediary (non-profit) to establish a revolving loan fund. The Intermediary will relend the money to fund rural small business and community projects.
20 Intermediary Relending Program (IRP) Max Loan Amount (RD to Intermediary) Terms $1,000, year loan at 1% fixed interest rate Max Loan Amount Intermediary may lend from the revolving loan fund Typical eligible projects $250,000 or 75% of the total cost, whichever is less M&E acquisition and Working Capital
21 Rural Microentrepreneur Assistance Program (RMAP) USDA makes a direct loan to an Intermediary (non-profit) to provide direct loans and grants to micro businesses. The Intermediary is also eligible to receive technical assistance grants to provide assistance and training to small business owners.
22 Rural Microentrepreneur Assistance Program (RMAP) Max Loan Amount (RD to Intermediary) Terms Loan to Small Business $500, year loan at 2% fixed interest rate $50,000 max Terms of 10 years or less Typical Eligible Projects Business must be rural and have <10 employees M&E acquisition, WC, FF&E, refinancing, business acquisition Grant Not to exceed 25% of the loan amount Intermediary is required to provide a 15% match
23 Rural Energy for America Program (REAP) Grants and guaranteed loans for Renewable Energy Systems (RES) and Energy Efficiency Improvements (EEI) projects Eligible for agricultural producers and rural small businesses (must be for-profit) Technology must be commercially available
24 Rural Energy for America Program (REAP) Eligible RES Projects Biomass, wind, solar, geothermal, hydroelectric Eligible EEI Projects Grants Loan Guarantees Grain dryers, irrigation power units, lighting, refrigeration, HVAC, insulation, replacement of existing system Up to 25% of eligible project costs RES max grant amount of $500,000 EEI max grant amount of $250,000 Up to 75% of eligible project costs Can be combined with grant (50% loan guarantee, 25% grant) Process is similar to B&I (guarantees 70-80%)
25 Business Projects Mahoning Creek Hydroelectric Company $7.5 million REAP Loan Guarantee Construction of a new hydroelectric power plan at Mahoning Creek Dam
26 Rural Business Development Grant (RBDG) Program combined Rural Business Enterprise Grant and Rural Business Opportunity Grant Ensure continued investments in rural businesses Designed to assist the start up or expansion of small and emerging private businesses and/or nonprofits in rural areas.
27 Rural Business Development Grant (RBDG) Eligible Applicants Public Bodies Government Entities Native American Tribes Non-Profit Organizations
28 Rural Business Development Grant Eligible Purposes (RBDG) Acquire or develop land Buildings Machinery and equipment Build or improve access roads Provide technical assistance Support rural distance learning programs that provide education or job training
29 Questions?
USDA Rural Development
Guaranteed Loan Programs USDA Rural Development Rural Business Cooperative Service ICBA Convention Tuesday, March 8, 2016 Guaranteed Loan Programs Sam Rikkers Administrator, RBS samuel.rikkers@wdc.usda.gov
More informationUSDA RURAL DEVELOPMENT
Leroy J. Debes of U.S. Department of Agriculture - Rural Development Business and Economic Development Loans -- Loan Guarantees -- Grants LeRoy J. Debes, Area Specialist 509-924-7350 Ext. 115 leroy.debes@wa.usda.gov
More informationUSDA Rural Development Economic Development Tools
USDA Rural Development Economic Development Tools Business & Industry (B&I) Loan Guarantees Rural Energy for America Program (REAP) Loan Guarantees and Grants Intermediary Relending Program (IRP) Loans
More informationUSDA Rural Development
USDA Rural Development 1 USDA Rural Development s mission is to improve economic opportunity and enhance the quality of life in rural America. Rural Business and Cooperative Programs 1. Business & Industry
More informationBusiness and Industry Guaranteed Loan
Business and Industry Guaranteed Loan The B & I Guaranteed Program is Lender- Driven: The USDA guarantees the loan rather than lending directly. A commercial lender requests the B & I Guarantee, and if
More informationSBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture
SBA and USDA Lending Small Business Administration and United State Department of Agriculture Work in Partnership with Banks Encourage Banks to Lend to Businesses by Guaranteeing loans to reduce Lender
More informationUSDA RURAL DEVELOPMENT. Objective. RBS Business and Industry Guaranteed Loan Program. What do we do? Who are we? RURAL DEVELOPMENT
RURAL DEVELOPMENT Creating New Opportunities for Rural America USDA RURAL DEVELOPMENT RBS - Rural Business-Cooperative Service RHS - Rural Housing Service RUS - Rural Utilities Service Visit us at www.rurdev.usda.gov/ca
More informationUSDA Business & Industry (B&I) Guaranteed Loan Program
USDA Business & Industry (B&I) Guaranteed Loan Program B&I Program To Create And Maintain Employment And Improve Economic And Environmental Climate In Rural Communities Administered By The Rural Business
More informationThe Future of Federal Funding for Small Business: USDA Resources
F The Future of Federal Funding for Small Business: USDA Resources Jim Barham, Ph.D. Agricultural Economist Rural Business-Cooperative Service USDA Rural Development OFN Small Business Finance Forum Chicago
More informationRural Development: Building communities in Colorado from the ground up
Rural Development: Building communities in Colorado from the ground up Building Communities Rural Development Programs Housing programs funding for rural citizens to buy, build or renovate decent housing,
More informationUSDA RURAL DEVELOPMENT INTERMEDIARY RELENDING PROGRAM FACT SHEET
USDA RURAL DEVELOPMENT INTERMEDIARY RELENDING PROGRAM FACT SHEET Area of Operations The South Central Tennessee Development District will utilize Intermediary Relending Program Loan Fund to assist business
More informationBusiness. Loan Processing
Business Loan Processing Business and Industry Guaranteed Loan Program USDA Rural Business-Cooperative Service www.rurdev.usda.gov/rbs Business and Industry Guaranteed Loan Program Improve, develop, or
More informationSMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS
SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS February 14, 2012 Terrence K. McHugh President Commercial Alliance 1 Business Lending in Credit Unions 1998 regulation limits business lending in
More informationA Guide To USDA Rural Development Programs and Services
A Guide To USDA Rural Development Programs and Services Vermont/New Hampshire www.rurdev.usda.gov/nh-vthome.html Follow Us on Twitter: http://twitter.com/rd_vtandnh Rural Housing and Community Facilities
More informationUSDA Loan Guarantee Programs: Benefits and Opportunities for Lenders. Silicon Valley Bank Clean Tech Group Presentation December 8, 2010
USDA Loan Guarantee Programs: Benefits and Opportunities for Lenders Silicon Valley Bank Clean Tech Group Presentation December 8, 2010 Mission Statement Westar Trade Resources is committed to assisting
More informationRural Business Cooperative Services. Karissa Berks Nancy Pletcher
Rural Business Cooperative Services Karissa Berks Nancy Pletcher Business & Cooperative Programs Business Assistance Guaranteed Programs Intermediary Loans Grants Technical Assistance Research & Development
More informationHow To Help Rural America
Rural Business Service (RBS)Alabama Vision A Rural America that is a Healthy, Safe & Prosperous Place to Live and Work. Mission To Increase Economic Opportunity and Improve the Quality of Life for all
More informationRural Development. Interagency Lender Training September 2014
Rural Development Interagency Lender Training September 2014 Business and Industry Guaranteed Loan The B & I Guaranteed Program is Lender- Driven: The USDA guarantees the loan rather than lending directly.
More informationUSDA is an equal opportunity provider, lender, and employer.
All Rural Development Contacts and Funding Notices can be found on the website at: www.rurdev.usda.gov Select: Notice of Funds Availability on the right hand side of the screen. Select: Contact Us at the
More informationSBA 7(a) Government. Guaranteed Loan Program
SBA 7(a) Government Guaranteed Loan Program SBA Overview The U.S. Small Business Administration (SBA) Was Created By Congress In 1953 To Assist And Counsel Small Business Growth And Prosperity, Thereby
More informationUSDA Rural Development An Online Conversation with the Central Appalachian Network
An Online Conversation with the Central Appalachian Network Presented By: Lisa Sharp Rural Business-Cooperative Program Director/ Rural Development Coordinator June 22, 2012 Agenda for Today s Webinar
More informationBUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE
Rural Development Business & Cooperative Programs www.rurdev.usda.gov/ma Southern New England State Office 451 West Street, Suite 2 Amherst, MA 01002 Phone: 413-253-4300 Fax: 413-253-4347 Norwich Area
More informationA Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness
Illinois Office of Associate Director April 2004 Environmental 1021 North Grand Avenue East Protection Agency Springfield, IL 62706 Governor Rod Blagojevich Director Renee Cipriano A Guide to Federal,
More informationSBA 504 Loan Program FACT SHEET
SBA 504 Loan Program FACT SHEET The Oakland County Business Finance Corporation (OCBFC) was certified under the Small Business Administration's (SBA) Certified Development Company program in September
More informationIncentive Financing Summary Heffner and Associates, Ltd.
Basic 7(a) Loan Guaranty Start up and existing small To help qualified small Loan maturity is up to 10 Through commercial (SBA) businesses businesses obtain financing years for working capital and lending
More informationUSDA Rural Development
USDA Rural Development An umbrella of federal agencies within USDA serving the needs of rural America Rural Housing Service single & multi-family housing Rural Utility Service community facilities & infrastructure
More informationCredit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration
Credit Connections Leveraging Resources to Strengthen Deals U.S. Small Business Administration 1 Lenders Benefits of SBA Loans SBA s Guaranty reduces a Lender s Risk Helps lenders make loans with longer
More informationGraduate School of Colorado SBA lending Presentation
Graduate School of Colorado SBA lending Presentation SBA lending course summary The course will provide an overview and comparison of SBA 7a, SBA 504 and USDA Business & Industry (B&I) loan programs. SBA
More informationLAWRENCE COUNTY Rural Micro-Entrepreneurial Assistance Program REVOLVING LOAN FUND And TECHNICAL ASSISTANCE
LAWRENCE COUNTY Rural Micro-Entrepreneurial Assistance Program REVOLVING LOAN FUND And TECHNICAL ASSISTANCE PURPOSE The Lawrence County Rural Micro-Entrepreneurial Assistance Program Revolving Loan Fund
More informationRenewable Energy Systems & Energy Efficiency Improvements Program
Renewable Energy Systems & Energy Efficiency Improvements Program Contact Info: Anne Correia Energy Coordinator, MA/CT/RI 15 Cranberry Highway W. Wareham, MA 02576 Anne.Correia@ma.usda.gov 508-295-5151
More informationRural Business Enterprise Loan Program (RBE)
Courthouse PO Box 607 Carlton, MN 55718 Rural Business Enterprise Loan Program (RBE) Mailing Address: Carlton County Economic Development Office PO Box 607 Carlton, MN 55718 (218) 384-9597 or (218)384-9564
More informationLOAN APPLICATION. Name of Business (Legal Name): Address: City, State, Zip: Business Phone: Federal Tax ID #:
LOAN APPLICATION Name of Business (Legal Name): Business Phone: Federal Tax ID #: Fax: Principals Name: Phone: Social Security #: Type of Business Sole Proprietorship Corporation Partnership Date Established
More informationHow To Finance A Business With An Sba 7(A) Loan
Small Business Programs and Resources Start-Up Business Weak Collateral Longer Repayment Terms Unfamiliar Industry Achieve community economic development through job creation and retention by providing
More informationOLR RESEARCH REPORT ANALYSIS OF STATE SMALL BUSINESS LOAN GUARANTEE PROGRAMS. By: Michelle Kirby, Associate Analyst
OLR RESEARCH REPORT February 19, 2013 2013-R-0054 ANALYSIS OF STATE SMALL BUSINESS LOAN GUARANTEE PROGRAMS By: Michelle Kirby, Associate Analyst You asked for an analysis of state small business loan guarantee
More informationUSDA Rural Development. 2012 Market Place Building Partnerships to Maximize Opportunities
USDA Rural Development 2012 Market Place Building Partnerships to Maximize Opportunities USDA Rural Development s Mission Increase economic opportunity, Create and maintain jobs, and Enhance quality of
More informationCDA BLF LOAN APPLICATION
CDA BLF LOAN APPLICATION Name of of Business (Legal Name): Address: City, State, Zip: Business Phone // Fax: Federal Tax ID#: Principals Principal 1 Principal 2 Name: Address: City, State, Zip: Phone:
More informationILLINOIS BUSINESS FINANCING MATRIX
A Guide of Federal, State and Regional Loan Incentive and Grant s for Business and Economic TERM RATE FEES 7(a) Loan Guaranty The s primary loan program Business start ups or expansion; construction of
More informationNMFA and Leveraging of Federal Funds
NMFA and Leveraging of Federal Funds PRESENTATION TO THE NEW MEXICO FINANCE AUTHORITY LEGISLATIVE OVERSIGHT COMMITTEE MARQUITA D. RUSSEL, CHIEF OF PROGRAMS August 13, 2015 Opportunities for Leverage of
More informationHow To Get A Farm Loan In Illinois
A Guide for Federal, State and Regional Loan Incentive and Grant s for Business and Economic PROGRAM TERM RATE FEES 7(a) Loan Guaranty The s primary loan program Business start ups or expansion; construction
More informationEngaging CRBT to bring longer term, fixed interest rate loans to assist rural business
Engaging CRBT to bring longer term, fixed interest rate loans to assist rural business Team EDGE August 6, 2015 Presented by: Randy Frescoln Vice President, Specialty Finance Group 515.493-8118; cfrescoln@crbt.com
More informationRural Development Program Guide Building Rural Communities from the Ground Up. www.rd.usda.gov/me
Rural Development Program Guide Building Rural Communities from the Ground Up www.rd.usda.gov/me Housing Programs Program Objective Applicant Uses Population / Direct s Direct Repair s and s Guaranteed
More informationState Small Business Credit Initiative
State Small Business Credit Initiative Collateral Enhancement Program Ohio Capital Access Program Targeted Investment Program The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services.
More informationFarmland Legacy Conference
USDA Rural Development Farmland Legacy Conference October 2008 Financial & Technical Assistance to Grow Communities from the Ground Up 40+ loan & grant programs to create housing, business and infrastructure
More informationSmall Business Administration
Financing the SBA Way Wayne Bell District Director Wichita District Office June 6, 2012 1 Agency History SBA What it is Federal Agency Created in 1953 Purpose To help potential and current small business
More informationUSDA Rural Development Community Programs/Housing/Business Divisions. Business Opportunities in Community Development Lending
USDA Rural Development Community Programs/Housing/Business Divisions Business Opportunities in Community Development Lending Investing in Rural Maine Fiscal Year 2012 Housing Programs $349,915,119 Community
More informationECONOMIC DEVELOPMENT EQUIPMENT REVOLVING LOAN FUND
ECONOMIC DEVELOPMENT EQUIPMENT REVOLVING LOAN FUND APPLICATION Return Application To: Hutchinson Economic Development Authority 111 Hassan Street SE Hutchinson MN 55350 Email: edadirector@ci.hutchinson.mn.us
More informationIntroduction to Small Business Administration Lending
Introduction to Small Business Administration Lending University of Georgia School of Banking Jeff K. Roach, Small Business Resource Associates jkroach@smallbizres.com 770-894-1679 www.smallbizres.com
More informationREGULATION NO. 30. Loans for Rural Economic Development
EASTERN ILLINI ELECTRIC COOPERATIVE REGULATION NO. 30 SUBJECT: Loans for Rural Economic Development OBJECTIVE: It is the objective of Eastern Illini Electric Cooperative (Cooperative) to provide an additional
More informationWELLS COUNTY ECONOMIC DEVELOPMENT SMALL BUSINESS REVOLVING LOAN FUND PROGRAM
WELLS COUNTY ECONOMIC DEVELOPMENT SMALL BUSINESS REVOLVING LOAN FUND PROGRAM Wells County Economic Development has developed a revolving loan fund program through a grant from the United States Department
More informationSMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION
SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan Fund. The Small Business Loan Fund Program is designed to stimulate
More informationU.S. Small Business Administration. Programs and Services
U.S. Small Business Administration Programs and Services U.S. Small Business Administration Established in 1953 Independent federal government agency District and branch offices nationwide Website: www.sba.gov
More informationSMALL BUSINESS REVOLVING LOAN FUND GUIDELINES
SMALL BUSINESS REVOLVING LOAN FUND GUIDELINES 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan Fund. The Small Business Loan Fund Program is designed to stimulate
More informationUSDA IRP LOAN FUND PROSPERA BUSINESS NETWORK 2015 CHARLOTTE STREET, SUITE 1 BOZEMAN, MT 59718 406.587.3113
USDA IRP LOAN FUND Prospera s Intermediary Relending Program Revolving Loan Fund ( IRP Loan Fund ) provides financing to businesses located in Gallatin County and Park County. Prospera s IRP Loan Fund
More informationUnderstanding Loans and Other Programs Available for Certified Minority Business Enterprises
Understanding Loans and Other Programs Available for Certified Minority Business Enterprises Presented by Allen McConnell, Manager Minority Business Development Division Slide 1 Access to Financial Assistance
More informationUSDA Rural Development Sustaining Relationships in Indian Country
USDA Rural Development Sustaining Relationships in Indian Country 1 2009-2014 Summary of Investments $2.6 billion benefitting American Indians & Alaska Natives Including: Home Ownership Loans = $742.2
More information504 Loan Program. First Mortgage Lender Training
504 Loan Program First Mortgage Lender Training SBA programs are suited to businesses in various stages of development S T A R T U P Access to Capital 7a SCORE SBDC Management Assistant Programs Incentive
More informationUSDA Rural Development BioRefinery Assistance Programs Section 9003. Kelley Oehler Branch Chief, Energy Division
USDA Rural Development BioRefinery Assistance Programs Section 9003 Kelley Oehler Branch Chief, Energy Division Section 9003 - Biorefinery Assistance Program Provides loan guarantees for the construction/retrofit
More informationMinority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio.
Minority Business Development Division Allen McConnell, Manger (614) 752-4833 Allen.McConnell@development.ohio.gov www.development.ohio.gov The State of Ohio is an Equal Opportunity Employer and Provider
More informationAlternative Financing for Small Businesses - IBANYS. June, 2015 Jim Conroy, Senior Vice President New York Business Development Corporation
Alternative Financing for Small Businesses - IBANYS June, 2015 Jim Conroy, Senior Vice President New York Business Development Corporation 1 About NYBDC NYBDC was formed in 1955 and is owned by banks Approximately
More informationNAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES
NAVIGATING TODAY S CREDIT JUNGLE AN OVERVIEW OF SBA FINANCING ALTERNATIVES November, 2011 Timothy D. Dixon Head of Small Business Administration (W) 216-514-5431 timothy.dixon@citizensbanking.com 1 Discussion
More informationARC LOAN PROGRAM. Office of Small Business & Entrepreneurship and SBA
ARC LOAN PROGRAM Office of Small Business & Entrepreneurship and SBA 1 Timeline June 8 th : Regulation, Procedural Guidance and Forms Released Week of June 8 th : Lender Training June 15 th : SBA Begins
More informationSBA MICROLOAN PROGRAM. Session: Loan Side Basics
SBA MICROLOAN PROGRAM Session: Loan Side Basics Microloan Program Purpose The Microloan Program assists women, low income, veteran, and minority entrepreneurs, and other small businesses in need of financing
More informationLENDERS SUMMARY OF 504 RULES
LENDERS SUMMARY OF 504 RULES Eligibility applies to Nine areas 1. Size 2. Credit Not Available Elsewhere 3. Personal Resources of the Borrower 4. Use of Proceeds 5. Types of Businesses 6. Job Criteria(Economic
More informationBrownsfields 101 Funding Resources. March 31, 2011. Brandon Prough Area Specialist
Brownsfields 101 Funding Resources March 31, 2011 Brandon Prough Area Specialist USDA Rural Development USDA Rural Development Agency Goals 1. Increase economic opportunity in rural lamerica 2. Improve
More informationSCORE. Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW
SCORE Counselors to America s Small Business SMALL BUSINESS START-UP FINANCING OVERVIEW One key to a successful business start-up and expansion is your ability to obtain and secure appropriate financing.
More informationGovernment Guaranteed Business Lending
Government Guaranteed Business Lending Ideally suited to the mission of CU s to satisfy their members business loan needs Herb White, VP of Lending, Hudson Valley FCU Margaret Gilbert, Managing Director,
More informationDebt Refinancing Under the 7(a) Program. Lynn G. Ozer Executive Vice President Government Guaranteed Lending
Debt Refinancing Under the 7(a) Program Lynn G. Ozer Executive Vice President Government Guaranteed Lending Debt Refinancing SBA-guaranteed loan proceeds may not be used to refinance debt originally used
More informationClean Energy and Clean Technology Finance Resources
Clean Energy and Clean Technology Finance Resources This document is a preliminary draft summary of finance options in Minnesota and a few selected non-state programs. Angel Tax Credit program Minnesota's
More informationGREEN BUSINESS LOAN PROGRAM Application & Information
East Providence Special Waterfront Development District Small Business Administration GREEN BUSINESS LOAN PROGRAM Application & Information WATERFRONT DISTRICT/SBA GREEN LOAN PROGRAM Waterfront District
More informationSwift County Loan Program Guidelines and Application
Swift County Rural Development Authority 1228 Atlantic Ave Benson MN 56215 Swift County Loan Program Guidelines and Application Swift County RDA 1228 Atlantic Ave Benson MN 56215 320-842-4769 rda@co.swift.mn.us
More informationwww.development.ohio.gov
Minority Business Development Division Joseph Brooks (614) 466-5065 joseph.brooks@development.ohio.gov www.development.ohio.gov The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services
More informationBusiness Finance Center Loan Programs
Northeastern Pennsylvania Alliance Business Finance Center Loan Programs Providing low-cost financing to help businesses fund their land/building, machinery/equipment and working capital needs TABLE OF
More informationAlternative Finance /Loan Packaging
Alternative Finance /Loan Packaging Kris Jerke Platte Valley State Bank Eugene Rahn Rural Enterprise Assistance Project Glennis McClure Nebraska Enterprise Fund MarketPlace Conference February, 2012 85%
More information2014-2015 Financial Resources for Ag & Forestry Businesses in Virginia
2014-2015 Financial Resources for Ag & Forestry Businesses in Virginia Title & Source Description Contact Resources for Individual, For-Profit Businesses Governor s Agriculture and Forestry Industries
More informationALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS
7605B/7601 ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS Revised October 1999 University of Wisconsin System This publication has been developed by the Wisconsin SBDC in partnership with the U.
More informationFinancing Downtown Businesses
Financing Downtown Businesses Presented by: David Kircher 1 Wisconsin Business Development Finance Corporation Certified Development Company Authorized to work with SBA 504 Program Fixed Asset Financing
More informationWHAT IS A REAL (504) LOAN?
WHAT IS A REAL (504) LOAN? The Real Estate Advantage Loan (also known as a REAL or 504 Loan) is a 10% down, fixed-rate, long-term loan designed to expand capital access, filling a market gap in long-term
More informationUSDA Loans, Loan Guarantees, and Grants for Rural Energy Projects
August 20, 2009 USDA Loans, Loan Guarantees, and Grants for Rural Energy Projects Opportunities for Renewable Energy Companies and Suppliers The U.S. Department of Agriculture ( USDA ) has established
More information3. Seasonal or cyclical working capital to finance the temporary cash shortfalls due to the nature of the firm s normal business cycle.
11.437 Financing Community Economic Development Class 5: Working Capital Financing I. Three different meanings of term working capital 1. Excess of current assets over current liabilities 2. Firm's investment
More informationREGIONAL CREDIT ENHANCEMENT/FINANCING PROGRAMS SMALL BUSINESS AND ECONOMIC DEVELOPMENT
REGIONAL CREDIT ENHANCEMENT/FINANCING S SMALL BUSINESS AND ECONOMIC DEVELOPMENT NORTHEASTERN PENNSYLVANIA ALLIANCE Appalachian Regional Commission Revolving Loan EDCNP Revolving Loan Fund Fund finances
More informationSMALL BUSINESS LOAN FUND GUIDELINES. Funded By: Fay-Penn Economic Development Council
SMALL BUSINESS LOAN FUND GUIDELINES Funded By: Fay-Penn Economic Development Council SMALL BUSINESS LOAN FUND 1.0 INTRODUCTION Fay-Penn Economic Development Council has established a Small Business Loan
More informationSBA 504 Loan Program Lender s Guide
Eligible Use of Proceeds: Land acquisition and improvements New construction Purchase of existing building(s) Renovations to existing building(s) Purchase of Machinery and Equipment (minimum of 10 years
More informationGrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help
GrowFL and SunTrust Bank Present: Business Acquisitions and Partner Buyouts How SBA Loans can be leveraged to help GrowFL Webinar Series Date: September 4, 2012 Presented by: Hetal Engineer, SunTrust VP
More informationGrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business
GrowFL and SunTrust Bank Present: How To Utilize The SBA Loan Programs To Improve Cash Flow And Grow Your Business GrowFL Webinar Series Date: March 5, 2012 Presented by: Hetal Engineer, SunTrust VP hetal.engineer@suntrust.com
More informationBUSINESS DEVELOPMENT LOAN PROGRAM
BUSINESS DEVELOPMENT LOAN PROGRAM Overview Established in 2013, the Business Development Loan Program provides below market rates and favorable terms for new and existing businesses located in the Town
More informationCity of Mequon Town Center
City of Mequon Town Center Business Development Loan Program Participating Partners: City of Mequon First Bank Financial Centre Funding Source: Public/Bank Consortium Description: A revolving loan fund
More informationWHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks
WHO ARE WE? Experienced commercial lenders, all with many years working for commercial banks Professionals willing to talk to you about a business loan transaction before you ever have to fill out a piece
More informationWho is Rural Development?
Who is Rural Development? Division of the United States Department of Agriculture Our Mission: To increase economic opportunity and improve the quality of life for all rural Americans Three Mission Areas:
More informationA fresh perspective on Asset Based Lending (ABL)
A fresh perspective on Asset Based Lending (ABL) While asset-based lending may often be considered last-resort funding, commercial borrowers of all types and sizes are using this flexible, cost-effective
More informationSBA 504 Expanded Refinancing Eligibility
SBA 504 Expanded Refinancing Eligibility When is a commercial mortgage considered eligible for refinancing under the new rules? 1. The loan must have funded at least 2 years ago 2. 85% of the loan proceeds
More informationSURVEY OF ECONOMIC DEVELOPMENT PROGRAMS IN MICHIGAN
Citizens Research Council of Michigan SURVEY OF ECONOMIC DEVELOPMENT PROGRAMS IN MICHIGAN 2ND EDITION June 2007 Repor ort 347 CITIZENS RESEARCH COUNCIL OF MICHIGAN MAIN OFFICE 38777 West Six Mile Road,
More informationQ&A for Small Business Owners
Q&A for Small Business Owners What did the Obama Administration announce today? The Treasury Department will commit up to $15 billion to help unlock the secondary markets for small business loans. By purchasing
More informationSmall Business Finance. Elaine C. Fairman Executive Director
Small Business Finance Elaine C. Fairman Executive Director Small Business Loans $ Land and Building Construction $ Building Renovations, Expansion $ Machinery and Equipment $ Purchase a Business, Goodwill
More informationSBA Lending. MCUL Lending Conference. What does a guaranty mean to you?
SBA Lending MCUL Lending Conference What does a guaranty mean to you? What will be covered Benefits of SBA SBA Loan Programs 7(a) Lending Parameters Determining Eligibility Credit Considerations Use of
More informationTMF: The Proven Model for Texas Business and Community Development. Celebrating 10 years: TMF Statewide Impact
TMF: The Proven Model for Texas Business and Community Development Business loans for growth-oriented businesses with needs that may qualify for only partial financing through traditional lending institutions.
More information-SBA Financing- New Opportunities for Green Businesses & Sustainability Entrepreneurs
-SBA Financing- New Opportunities for Green Businesses & Sustainability Entrepreneurs David Tiller Public Information Officer U.S. Small Business Administration-TN District Office Nashville, TN 615-736-7176
More informationBUSINESS LOAN APPLICATION
BUSINESS LOAN APPLICATION Thank you for your decision in obtaining a commercial loan from our business service division. Please complete the following information as accurately as possible so we may better
More informationFirst Industries Fund
First Industries Fund First Industries is one of 19 programs in the June 2004 economic stimulus package. It provides $100 million for agriculture, and $50 million for tourism. Final guidelines were approved
More informationKey Points USDA Rural Development (U. S. Department of Agriculture Rural Development Programs) Rural Business Cooperative Service
Key Points USDA Rural (U. S. Department of Agriculture Rural s) Rural Business Cooperative Service Intro: The Rural State Office, located in Bozeman, administers three U. S. Department of Agriculture programs,
More informationEntrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates
Entrepreneur Academy: SBA 504 & 7(a) Loan Programs & Updates Wendy J. Jeffers Sr. Lending Officer: SBA Programs wjeffers@sbacsav.com Mobile: 912.398.3090 or 888.287.2137 In full operation since September
More information