Using Small Business Administration (SBA) Loans to Raise Capital for Your Business

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Using Small Business Administration (SBA) Loans to Raise Capital for Your Business"

Transcription

1 Melissa Pilzner Professional Ctr Dr Suite 100 Livonia, MI Using Small Business Administration (SBA) Loans to Raise Capital for Your Business

2 Using Small Business Administration (SBA) Loans to Raise Capital for Your Business What is the Small Business Administration (SBA) loan program? The SBA loan program is a government-sponsored program created to encourage, assist, and protect small businesses. With few exceptions, the SBA does not loan directly to businesses. Rather, it guarantees loans provided by banks and other financial organizations, and establishes guidelines for the loans. SBA guarantees help minimize the risk assumed by the lenders. In most cases, SBA loans are not granted to businesses that may otherwise be qualified for financing at reasonable terms. SBA loan programs are funded by the government, and may change as new legislation is passed to address changing economic needs. Currently, there are several types of SBA loans available, including the 7(a) Loan Program, the CDC/504 Loan Program, the Microloan Program, and the Disaster Assistance Program. The 7(a) Loan Program is the most commonly used of all the SBA programs. Please visit with any questions about available programs. 7(a) loans These loans are available from SBA-approved financial institutions and carry an SBA repayment guarantee to protect the lender against default. Except where noted below, the program provides a guarantee of 85 percent on loans up to $150,000 and 75 percent on loans above that amount. Loans are limited to a maximum of $5 million, unless otherwise indicated. Proceeds from 7(a) loans can be used to start a new business or to help with the acquisition, operation, or expansion of an existing business. Eligible expenses include purchase of land, buildings, or an existing business, as well as equipment, furniture, supplies, and fixtures. It also includes both short- and long-term working capital. Express & Pilot Programs SBA Express Loan Programs are designed for certain types of borrowers and have a streamlined, expedited loan application process. The options noted below can be structured as term loans or revolving lines of credit. SBA Express: Loans for small businesses that have a 36-hour turnaround time for responses to loan applications. The maximum loan amount is $350,000 and the SBA provides a 50% guarantee for these loans. Patriot Express: Featuring the same quick turn-around as the SBA Express, this pilot program is for veterans or members of the military community. Proceeds can be used for most business reasons stated above, as well as for preparing the business for your deployment. The maximum loan amount is $500,000. Export Loan Programs Export Loan Programs are designed to encourage and assist small businesses in exporting their products and/or services overseas. Export Express: The simplest of the export loan programs, these are loans with a streamlined application process. They help small businesses develop or expand their export markets. The maximum loan amount is $500,000. The guarantee amounts are 90 percent for loans of $350,000 or less and 75 percent for loans of more than $350,000. These loans can be used for the business reasons stated above as well as standby letters of credit. Export Working Capital Program (EWCP): Loans of up to $5 million geared towards small businesses that are able to generate export sales, but need additional working capital to support these sales. They can also support standby letters of credit. The SBA offers a 90 percent guarantee on these loans. International Trade Loan Program: Programs for business owners who plan to start or continue exporting or that have been adversely affected by competition from imports. The SBA offers a 90 percent guarantee on loans of up to $5 million (except for loans used for working capital, which have an 80% guarantee). Rural Business Loans Small/Rural Lender Advantage Program (S/RLA): Caters to the processing needs of small communities and rural-based lenders through a simplified, streamlined loan application process. The program imposes a loan limit of $350,000. Page 2 of 5, see disclaimer on final page

3 Business and Industry Guaranteed Loan Program: Administered by the U.S. Department of Agriculture and promoted by the SBA, this loan programs offers an 80 percent guarantee on loans of up to $5 million; a 70 percent guarantee on loans of more than $5 million to $10 million; and a 60 percent guarantee on loans of more than $10 million to $25 million. Special Purpose Loans Community Adjustment and Investment Program (CAIP): A loan program established to help U.S. businesses located in areas of the country that are negatively impacted by NAFTA. CAPLines: A loan program with lines of credit that are geared towards helping small businesses meet their short-term and cyclical needs (e.g., seasonal lines of credit; builders' lines of credit). Employee Trusts: A program that provides financial assistance to Employee Stock Ownership Plans. Pollution Control Loans: Loans to eligible small businesses for the planning, design or installation of a pollution control facility. Caution: Pollution Control Loans currently are not available due to lack of appropriations. Advantage Loan Initiatives Launched in February 2011, the Advantage Loan Initiatives were established to support small businesses and entrepreneurs in under-served communities. Small Loan Advantage: A program that is designed to encourage larger, established SBA lenders to make lower-level loans. The maximum loan amount is $350,000, and applications can be approved in a matter of minutes via electronic submission. Community Advantage: In an effort to increase the number of institutions that make 7(a) loans, this three-year pilot program targets community-based, mission-focused financial institutions that were previously not able to make SBA loans. The maximum loan amount is $250,000. What other types of SBA loans are available? The following is a brief description of various other SBA loan programs (non 7(a) loans) that may be available to certain businesses. Some of these programs are direct loans from the SBA, rather than SBA-guaranteed loans. CDC/504 Loan Program The 504 Loan program provides small businesses with long-term, fixed-rate financing for fixed asset projects, such as: purchasing land and improvements; construction of new or modernization of existing facilities; and purchasing long-term machinery/equipment. These loans are provided through Certified Development Companies--community-based nonprofit organizations that are regulated by the SBA and work with participating lenders to provide the funding. With these loans, the lending organization typically provides 50% of the projected costs, the SBA provides 40%, and the borrower contributes 10%. In some cases the borrower may be asked to contribute up to 20%. In most cases, the maximum loan amount is $5 million, and in general, the business must create or retain one job for every $65,000 guaranteed by the SBA. (For small manufacturers, the job requirement applies to every $100,000.) The job requirement may be waived if the business meets a community development or public policy goal. Microloan Program The Microloan program provides small, short-term loans (the maximum loan amount is $50,000) to small businesses and certain non-profit child-care centers for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment. Loans are provided by non-profit community-based organizations that have experience in lending, management, and technical assistance. Loans cannot be used to repay existing debt. The SBA requires lenders to provide business training and technical assistance to borrowers. This means that borrowers may be required to undergo such training as a condition of the loan. Disaster Assistance Four types of SBA loans are available to business and home owners in officially declared disaster areas: Business Physical Disaster Loans: Loans of up to $2 million to help businesses and nonprofit organizations within the disaster area repair and replace real property, machinery, equipment, fixtures, and leasehold improvements. Page 3 of 5, see disclaimer on final page

4 Economic Injury Loans: Loans of up to $2 million that help small businesses, small agricultural cooperatives, and certain nonprofit organizations that suffer substantial economic distress because of a disaster. Loan proceeds can be used to meet financial obligations and working capital needs that could have been met if a disaster had not occurred. Home and Personal Property Loans: Homeowners, renters, and personal property owners who are victims of a disaster may borrow up to $40,000 from the SBA to repair or replace clothing, furniture, cars, appliances, and other belongings damaged or destroyed in a disaster. In addition, loans of up to $200,000 may be granted to restore a primary residence to its pre-event state. Military Reservists Economic Injury Disaster Loans: The MREIDL Program provides loans of up to $2 million to small businesses that are unable to meet ordinary and necessary operating expenses due to an essential employee being called up to active duty in their role as a military reservist. The program's filing period begins on the date the essential employee receives notice of activation and ends one year after the employee's discharge or release from active duty. Loan Terms Terms vary for the different types of loans. Factors that help determine loan maturities, fees, interest rates, and qualifications include loan type, size of business, and purpose of the loan proceeds. For more information, visit the Small Business administration web site at How do you get an SBA loan? Apply for a regular bank loan In most cases, you are not eligible for SBA assistance unless you have been turned down for at least one bank loan. So, before you even apply for an SBA-guaranteed loan, you must try to obtain a loan directly from a lending institution. Find a participating lender SBA-guaranteed loans are originated by SBA participating lenders. To locate participating lenders in your area, visit the Small Business Administration web site ( or contact your local or regional SBA office. Fill out the loan application The paperwork required to apply for an SBA loan has dramatically decreased. In many cases, a simple two-page application is all you'll need to fill out. However, your application and supporting documentation must prove the following to the SBA and to the lender: That the business will be able to stay current on its debts, even with the addition of the new loan That there is already a reasonable amount of equity invested in the business or collateral for the loan That your existing track record is strong or that your financial projections are realistic That your management team has the expertise to competently manage the operations of your business Provide documentation to support your loan request Generally, you should submit a business plan with your loan application. This plan should be supported by the following documentation: Projected profit and loss statements Cash flow projections Schedule of current debt Personal and business tax returns for the last three years Market analysis and marketing strategy Description of the business and the advantages of your product or service Information on your management team, including resumes and personal financial statements Cash requirements and a description of how you plan to use the loan funds Collateral, if required Page 4 of 5, see disclaimer on final page

5 This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Melissa Pilzner Professional Ctr Dr Suite 100 Livonia, MI Page 5 of 5 Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2015

U.S. Small Business Administration. Programs and Services

U.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 information

Small Business Administration

Small 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 information

Special webinar for IEEE-USA members

Special webinar for IEEE-USA members U.S. Small Business Administration and IEEE-USA Special webinar for IEEE-USA members The SBA Advantage Resources and Programs for Success U.S. Small Business Administration and IEEE-USA Presenter: Penny

More information

2030 Districts. Project. Financing. Tookit. Small Business Association. Financing

2030 Districts. Project. Financing. Tookit. Small Business Association. Financing 2030 Districts Project Financing Tookit Small Business Association Financing Project Financing Toolkit Small Business Association Financing (SBA) The Small Business Association s (SBA) core programs offer

More information

SBA assists small businesses in three main areas: CAPITAL through our loan programs

SBA assists small businesses in three main areas: CAPITAL through our loan programs SBA assists small businesses in three main areas: CAPITAL through our loan programs CONTRACTS through government contracting certification and business development programs COUNSELING/TRAINING through

More information

Welcome To. America s Small Business Resource

Welcome To. America s Small Business Resource Welcome To America s Small Business Resource Small Business in Colorado Small business plays a vital role in Colorado s economy There are more than 549,000 small businesses in Colorado and they represent

More information

Financing Options for Your Small Business Guide

Financing Options for Your Small Business Guide Financing Options for Your Small Business Guide PROVIDED BY THE ANGELO STATE UNIVERSITY SMALL BUSINESS DEVELOPMENT CENTER Revised May 2011 This guide neither intends nor offers specific financial advice.

More information

A Primer On SBA Lending Programs, With An Emphasis On the Role of Life Insurance in SBA Lending. A White Paper

A Primer On SBA Lending Programs, With An Emphasis On the Role of Life Insurance in SBA Lending. A White Paper A Primer On SBA Lending Programs, With An Emphasis On the Role of Life Insurance in SBA Lending A White Paper Authored by: David W. Starfield, Esquire Starfield & Smith, PC Dated: February 2014 I. A General

More information

R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss

R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss In addition to drive, ambition and a great deal of planning, starting and expanding a small business generally requires capital.

More information

For more information about SBA s disaster assistance programs, visit www.sba.gov/disaster or call our disaster assistance center at 1-800-659-2955.

For more information about SBA s disaster assistance programs, visit www.sba.gov/disaster or call our disaster assistance center at 1-800-659-2955. SBA Many communities are still feeling the effects of Superstorm Sandy, including power outages and flooding. The importance of listening to instructions and safety information from your local officials

More information

SMALL BUSINESS JOBS ACT:

SMALL BUSINESS JOBS ACT: SMALL BUSINESS JOBS ACT: HIGHER MAXIMUM LOAN SIZES, REVISED SIZE STANDARDS What advantages does the Small Business Jobs Act bring to companies in Alabama? SBA Express: SBA Express loan limits have been

More information

Credit Connections Leveraging Resources to Strengthen Deals. U.S. Small Business Administration

Credit 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 information

Overview of SBA Loan Programs

Overview of SBA Loan Programs Overview of SBA Loan Programs U.S. Small Business Administration San Francisco District Office 455 Market Street, Suite 600 San Francisco, CA 94105 (415)744-6820 SBA Loan Programs The Big 3 SBA Microloan

More information

Incentive Financing Summary Heffner and Associates, Ltd.

Incentive 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 information

Overview of SBA Economic Development Programs and the Impact of the Recovery Act

Overview of SBA Economic Development Programs and the Impact of the Recovery Act Overview of SBA Economic Development Programs and the Impact of the Recovery Act 1 Access to Capital SBA guarantees loans on reasonable terms through financing partners to small businesses that are unable

More information

SCORE. 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 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 information

ILLINOIS BUSINESS FINANCING MATRIX

ILLINOIS 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 information

SBA Finance Options. Fourth National Rural Grocery Summit June 9 10, 2014

SBA Finance Options. Fourth National Rural Grocery Summit June 9 10, 2014 SBA Finance Options Fourth National Rural Grocery Summit June 9 10, 2014 SBA What it is/what it does Federal government agency created in 1953 Purpose to help potential and existing small businesses start,

More information

SBA Guaranty Loan Options for Small Businesses

SBA Guaranty Loan Options for Small Businesses SBA Guaranty Loan Options for Small Businesses W. Lewis Burger Lender Relations Specialist Georgia District Office Atlanta, GA (404) 331-0100 Ext 304 W.Burger@SBA.gov SBA Loan Guaranties- Understanding

More information

-SBA Financing- New Opportunities for Green Businesses & Sustainability Entrepreneurs

-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 information

AVAILABLE ASSISTANCE TO BUSINESSES

AVAILABLE ASSISTANCE TO BUSINESSES AVAILABLE ASSISTANCE TO BUSINESSES The Arlington EDA is pleased to offer local businesses access to the following incentives and information resources. TAX INCREMENT FINANCING Tax increment financing is

More information

ALTERNATIVE FINANCING SOURCES FOR YOUR SMALL BUSINESS

ALTERNATIVE 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 information

U.S. Small Business Administration

U.S. Small Business Administration U.S. Small Business Administration SMART PROC Conference The SBA Advantage Resources and Programs for Success SBA Loan Products Regular 7(a) SBAExpress CommunityExpress Patriot Express CapLines International

More information

SOURCES OF CAPITAL. 1. KINDS OF MONEY When you plan the capital requirements of your new firm, you can consider two forms of money.

SOURCES OF CAPITAL. 1. KINDS OF MONEY When you plan the capital requirements of your new firm, you can consider two forms of money. SOURCES OF CAPITAL New businesses must be capitalized carefully. Entrepreneurs must identify their start-up capital needs and their cash flow through their break-even point. The total of the two, plus

More information

Access to Capital. U.S. Small Business Administration (SBA)

Access to Capital. U.S. Small Business Administration (SBA) Access to Capital United States Small Business Administration (SBA) Overview SBA Facts Who is Eligible How it works Loan Programs 7(a), SBA Express, Patriot Express Planning and Preparation SBA Fact vs.

More information

Frequently Asked Questions about Physical Disaster Business Loans

Frequently Asked Questions about Physical Disaster Business Loans Frequently Asked Questions about Physical Disaster Business Loans Q. How much can I borrow? A. The amount of money that the SBA will lend you will be based upon the actual cost of repairing or replacing

More information

ILLINOIS BUSINESS FINANCING MATRIX. A Guide for Federal, State and Regional Loan Incentive and Grant Programs for Business and Economic Development

ILLINOIS BUSINESS FINANCING MATRIX. A Guide for Federal, State and Regional Loan Incentive and Grant Programs for Business and Economic Development 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 information

HOW TO LAND AN SBA Loan

HOW TO LAND AN SBA Loan HOW TO LAND AN SBA Loan by Ron Box, CPA/CITP/CFF With all of the uncertainty around maintaining a predictable flow of capital to businesses, a commercial loan provided by a bank but guaranteed by the federal

More information

ACCESS TO CAPITAL FOR SMALL BUSINESSES

ACCESS TO CAPITAL FOR SMALL BUSINESSES ACCESS TO CAPITAL FOR SMALL BUSINESSES Annie Hudspeth annie.hudspeth@sba.gov 210.403.5918 Lionel Davila lionel.davila@sba.gov 210.403.5917 Lender Relations Specialists Mission Established on July 30, 1953

More information

Small Business Programs and Resources

Small Business Programs and Resources 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 information

U.S. Small Business Administration Programs & Services. Frank Alvarado, Sr. Area Manager Tanisha Velasquez, LRS/AO SBA Connecticut District Office

U.S. Small Business Administration Programs & Services. Frank Alvarado, Sr. Area Manager Tanisha Velasquez, LRS/AO SBA Connecticut District Office U.S. Small Business Administration Programs & Services Frank Alvarado, Sr. Area Manager Tanisha Velasquez, LRS/AO SBA Connecticut District Office The SBA Mission Economic Development Maintenance of a Strong

More information

Debt 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 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 information

SMALL BUSINESS LENDING OPPORTUNITIES FOR CREDIT UNIONS

SMALL 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 information

A Guide to Federal, State and Regional Loan and Grant Programs for Agribusiness

A 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 information

Take the Mystery out of SBA Loans Small Biz Day. Michael Foutch Economic Development Specialist U.S. Small Business Administration

Take the Mystery out of SBA Loans Small Biz Day. Michael Foutch Economic Development Specialist U.S. Small Business Administration Take the Mystery out of SBA Loans Small Biz Day Michael Foutch Economic Development Specialist U.S. Small Business Administration How do we help entrepreneurs? Financing Technical assistance and counseling

More information

SBA Programs to Help You Start & Grow Your Small Business

SBA Programs to Help You Start & Grow Your Small Business SBA Programs to Help You Start & Grow Your Small Business Don Spry Senior Area Manager U.S. Small Business Administration 419 North 3 rd Street Wilmington, NC 28410 don.spry@sba.gov 910-815-3188 (office)

More information

U.S. Small Business Administration

U.S. Small Business Administration Financing Small Businesses 1 of 16 What is SBA s Mission? The (SBA) is an independent agency of the federal government established in 1953 to help start, build and grow small businesses in the United States.

More information

A Guide For Business Operation, Start-Up, Relocation, and Expansion in Downtown Naples

A Guide For Business Operation, Start-Up, Relocation, and Expansion in Downtown Naples A Guide For Business Operation, Start-Up, Relocation, and Expansion in Downtown Naples This Section provides information on Financial Resources & Assistance. D owntown Naples, Florida is the ideal place

More information

C O U N T Y O F R I V E R S I D E B U S I N E S S R E S O U R C E G U I D E E c o n o m i c D e v e l o p m e n t A g e n c y

C O U N T Y O F R I V E R S I D E B U S I N E S S R E S O U R C E G U I D E E c o n o m i c D e v e l o p m e n t A g e n c y Financing Sources Small Business Administration Recycling Market Development Zones Industrial Development Revenue Bond Program Tech Coast Angels Small Business Administration The SBA - Who We Are and What

More information

SBA EXPORT EXPRESS LOAN PROGRAM

SBA EXPORT EXPRESS LOAN PROGRAM SBA EXPORT EXPRESS LOAN PROGRAM Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov

More information

SBA DISASTER LOANS. NBDC - Wayne State College

SBA DISASTER LOANS. NBDC - Wayne State College SBA DISASTER LOANS SBA DISASTER LOANS After hurricanes, floods, earthquakes, wild fires, and other disasters; SBA disaster loans are the primary form of Federal assistance for the owners of private property.

More information

24 AZ EE. Financial Options and Funding Sources. 25 Financing Options. 30 Funding Sources

24 AZ EE. Financial Options and Funding Sources. 25 Financing Options. 30 Funding Sources Financing Your Business Financial Options and Funding Sources 25 Financing Options» SBA s Loan Guaranty Programs 26» Commercial Loans 29» SBA Micro Lenders 29 30 Funding Sources» Arizona s Incentives,

More information

Small Business Administration: A Primer

Small Business Administration: A Primer The Center On Federal Financial Institutions (COFFI) is a nonprofit, nonpartisan, non-ideological policy institute focused on federal lending and insurance activities. Zachary Kalman and Douglas J. Elliott

More information

SBA Programs SBA Loan Programs and Services Panel. Eric Ness, District Director

SBA Programs SBA Loan Programs and Services Panel. Eric Ness, District Director SBA Programs SBA Loan Programs and Services Panel Eric Ness, District Director FDIC Small Business Workshop Appleton May 6, 2015 1 7(a) Loan Program SBA s primary business loan program Broad eligibility

More information

Steps in starting a new business

Steps in starting a new business Steps in starting a new business The Kentucky Small Business Development Center of Louisville is a consortium consisting of the Louisville Metro Department for Growth and Innovation, the Kentucky SBDC

More information

Office of Disaster Assistance. SBA s Role in Disaster Recovery

Office of Disaster Assistance. SBA s Role in Disaster Recovery Office of Disaster Assistance SBA s Role in Disaster Recovery 1 Role in Disaster Recovery After hurricanes, floods, tornadoes, earthquakes, wildfires and other disasters, the U.S. Small Business Administration

More information

Q&A for Small Business Owners

Q&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 information

ACTION: Notice of extension of and changes to Community Advantage Pilot Program

ACTION: Notice of extension of and changes to Community Advantage Pilot Program This document is scheduled to be published in the Federal Register on 12/28/2015 and available online at http://federalregister.gov/a/2015-32583, and on FDsys.gov Billing Code: 8025-01 SMALL BUSINESS ADMINISTRATION

More information

Finance Primer: A Guide to SBA s Loan Guaranty Programs. Text File

Finance Primer: A Guide to SBA s Loan Guaranty Programs. Text File Finance Primer: A Guide to SBA s Loan Guaranty Programs Text File Slide 1 Finance Primer: A Guide to SBA s Loan Guaranty Programs Welcome to SBA s online training program, the Finance Primer: A Guide to

More information

SELF EMPLOYMENT SMALL BUSINESS OPPORTUNITIES

SELF EMPLOYMENT SMALL BUSINESS OPPORTUNITIES SELF EMPLOYMENT Objectives Participants will be able to: To understand the pros and con s of starting your own business To know where to find resources to help plan and execute your small business ideas

More information

SBA Financing Options

SBA Financing Options SBA Financing Options Frank Demarest, Deputy District Director 1 7(a) Loan Program SBA s primary business loan program Broad eligibility requirements Wide range of financing needs Increase in the maximum

More information

SBA Programs & Services

SBA Programs & Services Helping you start, grow and succeed. SBA Programs & Services 2012 Government Small Business Conference South Florida District Office Overview Covers 24 counties from Monroe to Osceola District Office located

More information

An Introduction to the SBA 7(a) and 504 Loan Programs

An Introduction to the SBA 7(a) and 504 Loan Programs An Introduction to the SBA 7(a) and 504 Loan Programs Edward W. Ahart, Esq. Thomas L. Hofstetter, Esq. 220 Park Avenue Florham Park, NJ 07932 (973) 539-1000 Partner at Schenck Price Smith & King, LLC in

More information

SBA Programs & Services

SBA Programs & Services U.S. Small Business Administration SBA Programs & Services The SBA Advantage Resources and Programs for Success SBA 5 Pillars of Service to Small Business Millions of entrepreneurs use SBA resources and

More information

Discrimination Policy Statement

Discrimination Policy Statement Department of Wood and Paper Science Wood Products Extension Harry W. Watt, Business Improvement Specialist 132 Beckham Road Statesville, NC 28625-8109 e-mail: harry_watt@ncsu.edu 704-880-5034 (cell) General

More information

Page 1 of 9 MICROLOAN RULES AND REGULATIONS

Page 1 of 9 MICROLOAN RULES AND REGULATIONS Page 1 of 9 MICROLOAN RULES AND REGULATIONS Micro Loans will be made available to small businesses located in or locating in, the City of Darlington. The Darlington Downtown Revitalization Association

More information

SBA Loan Programs. Presenter: Bridget Bean. January 19, 2012

SBA Loan Programs. Presenter: Bridget Bean. January 19, 2012 SBA Loan Programs Presenter: Bridget Bean January 19, 2012 1 PRESENTER In April of 2009, Bridget Bean was named District Director of the Washington Metropolitan District Office for the U.S. Small Business

More information

First Industries Fund

First 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 information

www.development.ohio.gov

www.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 information

Milestone Financial Group January 09, 2015

Milestone Financial Group January 09, 2015 Milestone Financial Group David Hunt, CFP Financial Advisor 205-B Plaza Drive Greenville, NC 27858 252-756-7005 TF 877.706.7005 dave@milestonefinancialgroup.com Settling an Estate Settling an Estate What

More information

SCORER Counselors to America's Small Business. Structuring the Loan Request Types of SBA Loans Available How to Get the Banker to Say Yes

SCORER Counselors to America's Small Business. Structuring the Loan Request Types of SBA Loans Available How to Get the Banker to Say Yes SCORER Counselors to America's Small Business READY TO TALK TO THE BANKER Structuring the Loan Request Types of SBA Loans Available How to Get the Banker to Say Yes The Banker will expect you to provide

More information

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES

NAVIGATING 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 information

SBA Lending - Introduction

SBA Lending - Introduction SBA Lending - Introduction Facilitated by: Jim Kahler - Texans Credit Union Dale Donnell SBA Consulting, LLC Perry Espie US Small Business Administration American Recovery and Reinvestment Act 90% guaranty

More information

Commercial Real Estate. Financing Programs. The SBA Adv. www.sba.gov/ma. www.sba.gov. Programs and services to help you start, grow and succeed

Commercial Real Estate. Financing Programs. The SBA Adv. www.sba.gov/ma. www.sba.gov. Programs and services to help you start, grow and succeed Commercial Real Estate Programs and services to help you start, grow and succeed Financing Programs The SBA Adv /ma Programs and services to help you start, grow and succeed We are the SBA History: Part

More information

SBA and USDA Lending 1/28/2014. Benefits of SBA Financing. Small Business Administration and United State Department of Agriculture

SBA 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 information

SBA Overview. October 2014

SBA Overview. October 2014 SBA Overview October 214 Contents Strategic Goals SBA by the Numbers Budget Overview SBA Programs: 3 C s a D and an A 2 SBA s Strategic Goals 1 Growing businesses and creating jobs 2 Building an SBA that

More information

WHAT IS A REAL (504) LOAN?

WHAT 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 information

U.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist

U.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist U.S. SMALL BUSINESS ADMINISTRATION Craig Jordan Lead Lender Relations Specialist James Pipper International Trade Officer GUARANTEED LENDING PROGRAMS UPDATE U.S. Government Export Financing Programs How

More information

CRS Report for Congress

CRS Report for Congress Order Code RL33243 CRS Report for Congress Received through the CRS Web Small Business Administration: A Primer on Programs January 20, 2006 N. Eric Weiss Analyst in Financial Institutions Government and

More information

U.S. Small Business Administration. Erica Choi Senior Area Manager Albany. www.sba.gov/ny/syracuse. erica.choi@sba.gov. (518) 446-1118 Ext.

U.S. Small Business Administration. Erica Choi Senior Area Manager Albany. www.sba.gov/ny/syracuse. erica.choi@sba.gov. (518) 446-1118 Ext. U.S. Small Business Administration Erica Choi Senior Area Manager Albany erica.choi@sba.gov (518) 446-1118 Ext. 231 www.sba.gov/ny/syracuse SBA Mission Help Small Business Owners Start Grow Succeed SBA

More information

SBA FINANCING AS A CREDIT STRATEGY:

SBA FINANCING AS A CREDIT STRATEGY: A CHASE THOUGHT LEADERSHIP INITIATIVE. SBA FINANCING AS A CREDIT STRATEGY: CAPITAL TO GROW AND CASH FLOW TO OPERATE CONTENT SNAPSHOT What You ll Learn Inside: Hard Lessons from a Soft Economy Why Disciplined

More information

sba FinanCing as a CrediT strategy:

sba FinanCing as a CrediT strategy: a Chase ThoughT leadership initiative. sba FinanCing as a CrediT strategy: CaPiTal To grow and Cash Flow To operate ConTenT snapshot what you ll learn inside: hard lessons from a soft economy why disciplined

More information

Understanding Loans and Other Programs Available for Certified Minority Business Enterprises

Understanding 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 information

Financing Options for Small Businesses

Financing Options for Small Businesses Financing Options for Small Businesses 1.1 Introduction Welcome to SBA s online training course: Financing Options for Small Businesses. SBA s Office of Entrepreneurship Education provides this self-paced

More information

How Important are Small Businesses to America s Economy

How Important are Small Businesses to America s Economy How Important are Small Businesses to America s Economy 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,

More information

Financing Options for Your Small Business. Show me the money!

Financing Options for Your Small Business. Show me the money! Financing Options for Your Small Business Show me the money! Purpose: Commercial Financing Basics Potential Methods of Commercial Finance Overview of U.S. Small Business Administration Key Lending Programs

More information

Release Number: 13-589, MI 13618/13619. SBA Offers Disaster Assistance to Michigan Residents Affected by Severe Storms and Flooding

Release Number: 13-589, MI 13618/13619. SBA Offers Disaster Assistance to Michigan Residents Affected by Severe Storms and Flooding `0 DISASTER NEWS Loans for Homeowners, Renters and Businesses of all Sizes SBA Disaster Assistance Field Operations Center- East 101 Marietta Street, NW, Suite 700, Atlanta, GA 30303 Release Date: June

More information

U.S. Small Business Administration New York District Office

U.S. Small Business Administration New York District Office U.S. Small Business Administration New York District Office Products and Services 25 million businesses 99.8% - small businesses 75% - no employees Most are sole-proprietorships 53% - home-based More than

More information

SBA Business Loan Programs

SBA Business Loan Programs SBA Business Loan Programs Horizon Certified Development Company Horizon Certified Development Company Incorporated in 1982 as Hamilton County Development Co., Inc. (HCDC) HCDC is a Certified Development

More information

SBA 504 Debenture Program Long-term financing for fixed asset acquisitions and expansions

SBA 504 Debenture Program Long-term financing for fixed asset acquisitions and expansions SBA 504 Debenture Program Long-term financing for fixed asset acquisitions and expansions Economic Development Objectives of SBA 504 Economic Development Objectives maximum 504 Loan Job Factor Job Creation/Job

More information

Big. SBA Helps Small. Corporate icons such as Nike, FedEx, and Apple Computer all. Businesses Think. Small Business

Big. SBA Helps Small. Corporate icons such as Nike, FedEx, and Apple Computer all. Businesses Think. Small Business Small Business SBA Helps Small Businesses Think Big B Y H ENRY W ICHMANN, J R., CPA; K ENNETH A BRAMOWICZ; AND H. C HARLES S P ARKS, CPA Corporate icons such as Nike, FedEx, and Apple Computer all started

More information

A PRIMER SBA EXPRESS LOANS 101

A PRIMER SBA EXPRESS LOANS 101 1 A PRIMER SBA EXPRESS LOANS 101 In association with COLEMAN PUBLISHING Add to your SBA product mix Today s SBA Express loan session to include: 2 Some background, definition & the types of Express loans

More information

Small Business Administration: A Primer on Programs and Funding

Small Business Administration: A Primer on Programs and Funding Small Business Administration: A Primer on Programs and Funding Robert Jay Dilger Senior Specialist in American National Government Sean Lowry Analyst in Public Finance July 30, 2015 Congressional Research

More information

TAKING THE MYSTERY OUT OF FINANCE

TAKING THE MYSTERY OUT OF FINANCE TAKING THE MYSTERY OUT OF FINANCE Presented By: Eva Brown, Director of Access to Capital 312 853 3477 x 560 OBJECTIVES Determine how much money you need to start/expand your business. Determine your ability

More information

Financing for Businesses

Financing for Businesses Financing for Businesses The following overview of financing programs is for reference purposes only and is not presented as all inclusive. Obtain complete program guidelines from the respective program

More information

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,

More information

SBA Disaster Assistance

SBA Disaster Assistance 1 SBA Disaster Assistance U. S. Small Business Administration DISASTER ASSISTANCE Federal Disaster Loans for Businesses of All Sizes, Most Private Nonprofit Organizations, Homeowners and Renters Contents

More information

U.S. Small Business Administration Programs & Services. The State of Rural Small Business: Tools of the Trade

U.S. Small Business Administration Programs & Services. The State of Rural Small Business: Tools of the Trade U.S. Small Business Administration Programs & Services The State of Rural Small Business: Tools of the Trade When Do I Think - SBA? Think SBA When: Collateral is insufficient Business is a Start Up New

More information

Administration Announces New Small Business Commercial Real Estate and Working Capital Programs

Administration Announces New Small Business Commercial Real Estate and Working Capital Programs Fact Sheet Administration Announces New Small Business Commercial Real Estate and Working Capital Programs President Obama announced today two new small business lending initiatives to help increase access

More information

Introduction to Small Business Administration Lending

Introduction 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 information

Los Angeles District Office. LADOLenderRelations@sba.gov www.sba.gov/ca/la

Los Angeles District Office. LADOLenderRelations@sba.gov www.sba.gov/ca/la Los Angeles District Office 330 North Brand Suite 1200 Glendale, CA 91203 Phone: 818-552-3201 LADOLenderRelations@sba.gov www.sba.gov/ca/la Lenders Benefits of SBA Loans Risk Mitigation Tool Increase liquidity

More information

Financing Downtown Businesses

Financing 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 information

Sources of Funds: Equity and Debt

Sources of Funds: Equity and Debt Sources of Funds: Equity and Debt The Secrets to Successful Financing 1. Choosing the right sources of capital is a decision that will influence a company for a lifetime. 2. The money is out there; the

More information

WikiLeaks Document Release

WikiLeaks Document Release WikiLeaks Document Release February 2, 2009 Congressional Research Service Report RS22703 Small Business Administration Programs for Women, Minorities, and Veterans N. Eric Weiss, Government and Finance

More information

Business Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP

Business Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Business Financing An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Even in these challenging economic times, businesses still have a need to grow and to obtain

More information

Borrowing Money for Your Business

Borrowing Money for Your Business Borrowing Money for Your Business After you have developed a cash flow analysis and determined when your business will make profit, you may decide you need additional funding. Borrowing money is one of

More information

Request for Expression of Interest Small Business Lending

Request for Expression of Interest Small Business Lending Request for Expression of Interest Small Business Lending I. Description of Proposal The Rhode Island Commerce Corporation ( Commerce Corporation or Corporation ) is issuing this request for expressions

More information

LOAN APPLICATION RUSSELL COUNTY MICRO-LOAN FUND

LOAN APPLICATION RUSSELL COUNTY MICRO-LOAN FUND LOAN APPLICATION RUSSELL COUNTY MICRO-LOAN FUND Name of Applicant Phone Name of Business Phone Federal Tax 1.0. Number Type of Business Date Established Number of employees Current Retained Creating BANK

More information

SBA FINANCING AS A CREDIT STRATEGY:

SBA FINANCING AS A CREDIT STRATEGY: A CHASE THOUGHT LEADERSHIP INITIATIVE SBA FINANCING AS A CREDIT STRATEGY: CAPITAL TO GROW AND CASH FLOW TO OPERATE CONTENT SNAPSHOT What You ll Learn Inside: Hard Lessons from a Soft Economy Why Disciplined

More information

Minority 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. 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 information