U.S. Small Business Administration

Transcription

1 U.S. Small Business Administration

2 MISSION STATEMENT: The SBA helps Americans start, build and grow businesses.

3 SBA s Three C s Counseling Contracting Capital

4 Counseling Free business counseling, advice and information on starting, improving or expanding your small business is available through SBA s Resource Partners.

5 sba REsource partners Small Business & Technology Development Centers Women s Business Centers SCORE North Carolina Military Business Center Veteran Business Outreach Center

6 Counseling Counseling * Free one-on-one counseling * Business planning advice * Management & technical assistance Workshops typically free * Start-up seminars * Marketing, Seminars/Conference * Fee based * Government contracting, exporting, technology

7 Counseling Elizabeth City Asheville Boone Winston- Salem Hickory Chapel Hill Greensboro Durham Raleigh Fayetteville Greenville Cullowhee Charlotte Locations of Small Business &Technical Development Centers Pembroke Wilmington Nags Head

8 Counseling Kill Devil Hills Asheville Greensboro Chapel Hill Raleigh Hendersonville Charlotte Southern Pines Locations of SCORE Chapters Wilmington Morehead City

9 Counseling Raleigh Fayetteville Veterans Business Outreach Center: Women s Business Center of Fayetteville: NCIMED Women s Business Center:

10 SBA s Three C s Counseling Contracting Capital

11 Capital: SBA Loan Programs 7(a) / PLP SBAExpress CAPLines Microloans Intermediary Lending Pilot Program Patriot Express Community Advantage Export Financing 504 Loan Disaster Assistance SBIC Surety Bonds

12 SBA Loan Basics SBA guarantees loan Reduces lender s risk Loans up to $ 150,000 up to 85% Loans over $ 150,000 up to 75% SBAExpress 50% 7(a) Loans up to $5,000,000 Must be small, for-profit, US Citizen or Resident Most any business purpose

13 How Do SBA Loans Help? Bank loan guaranteed by SBA Loans for start-ups Collateral shortfalls Longer terms (up to): * Working capital - 10 years * Machinery & equipment -10 years * Real estate - 25 years No balloon payments Interest Rates vary by loan program * Prime + 1% up to prime + 6 ½%

14 What s Required? Good character & credit Repayment ability Borrower investment /equity Experience Collateral

15 504 Loans The 504 Loan Program provides long-term, fixed-rate, subordinate mortgage financing for acquisition and/or renovation of capital assets including land, buildings and equipment. Provided through Certified Development Companies 10 or 20 year fixed rate on SBA portion 6 CDCs located throughout NC

16 Certified Development Companies Avista Business Dev. Corp. Asheville, BEFCOR, Charlotte & Raleigh Carolina Business Capital Charlotte, Neuse River Dev. Authority New Bern, Piedmont Triad Reg. Dev. Corp. Kernersville, Self-Help Ventures Fund Durham, Greensboro, Charlotte, Wilmington

17 SBA s Three C s Counseling Contracting Capital

18 Why Sell to Uncle Sam? The federal government spends more than $500 billion a year in contracts, making it the largest purchaser of goods and services in the world. Small businesses throughout the country can and should take advantage of contracting opportunities, which can be a crucial source of revenue to help them grow, innovate and create jobs.

19 FEDERAL certifications Certification SBA Certified Self-Certified Small Business x Veteran/ SDV 1 x 8(a) x SDB x HubZONE x WOSB/EDWOSB x 1 Must certify with VetBiz for VA procurements

20 To Conduct Business with the Government: MUST register in database Obtain a DUNS Number at website (FREE) to identify your business to the federal government After completing SAM (System for Award Management), UPDATE the SBA Profile Link in Dynamic Small Business Search (DSBS)

21

22 FedBizOpps.gov FedBizOpps.gov (or FBO.gov) lists on average over 25,000 active federal opportunities at any one time. FBO.gov allows you to search for opportunities without a username and password. Advanced functions such as search agents, watch lists, and interested vendor lists for solicitations require a username and password.

23

24 Helpful Contracting Websites

25

26 SBA s Three C s Counseling Contracting Capital

27 THANK YOU Follow us at: