An Overview of Federal Small Business Programs. March 15, 2010 Anne Pigeon Senior Policy Advisor Small Business and Tourism Branch Industry Canada
|
|
- Alexandra Simon
- 8 years ago
- Views:
Transcription
1 An Overview of Federal Small Business Programs March 15, 2010 Anne Pigeon Senior Policy Advisor Small Business and Tourism Branch Industry Canada
2 Canada Small Business Financing Program The Canada Small Business Financing Act (CSBFA or the Act) took effect in 1999, enabling Industry Canada and commercial lenders to share the risk of providing term loans to small businesses. About 9,000 loans worth $1 billion annually Industry Canada administers the CSBF Program, registers loans, collects fees and pays lenders eligible portions of losses on defaulted loans however the Department is not involved in assessing individual loan applications. 1
3 CSBF Program - Eligibility criteria Small businesses operating for profit in Canada with gross annual revenues of $5,000,000 or less Farming businesses, not-for-profit groups, charitable and religious organizations are not eligible. Agricultural businesses may be eligible for the Canadian Agricultural Loans Act (CALA) Program (see 2
4 CSBF Program - Financing Maximum loan amount is: $350,000 for leasehold improvements or equipment purchase $500,000 for real estate purchase or improvement 90% of the cost of the purchase or improvement can be financed through the program 3
5 CSBF Program - Examples of eligible expenses Loan can be used to finance: buildings and land commercial vehicles hotel or restaurant equipment computer or telecommunications equipment and software production equipment Loan cannot be used to finance: working capital inventories franchise fees research and development 4
6 CSBF Program - Application Procedure Loan applications are made through banks, credit unions and other financial institutions The lending decision is made by the financial institution Industry Canada does not get involved in the decision-making process of financial institutions and does not accept loan applications 5
7 CSBF Program - Costs Interest rate: Set by the financial institution but with limits: Variable rate: The maximum chargeable is the lender s prime lending rate plus 3% Fixed rate: The maximum chargeable is the lender s single family residential mortgage rate plus 3%. Registration fee: 2% of the amount of the loan can be financed as part of the loan 6
8 CSBF Program - Terms Lenders are required to take security in the assets financed. Lenders also have the option to take an additional unsecured personal guarantee, which cannot exceed 25% of the total amount loaned. 7
9 CSBF Program - Contact information Small Business Financing Program Directorate Industry Canada C.D. Howe Building 235 Queen Street, 5 West Ottawa, Ontario K1A 0H5 Canada Telephone: (toll-free) Fax: Website: ic.gc.ca/csbfa 8
10 Business Development Bank of Canada (BDC) Created in 1995, the BDC s mandate is to offer financing, consulting services and venture capital to small and medium-sized enterprises across Canada, with a special focus in sectors such as manufacturing, exporting, innovation and knowledge-based industries. The value of loans issued in 2008 reached $2.8B across Canada. 9
11 BDC - Financing Secured and unsecured term loans Fixed and variable interest rates Available for the following: commercial real estate purchase new and used equipment and machinery purchase working capital start-up financing business succession market expansion (domestic and international) projects without tangible assets Aboriginal lending 10
12 BDC - Financing Operating line of credit guarantee for lines of credit between $400K and $40M BDC guarantees 100% of the increase for a 12-month period (renewable) Eligibility criteria: business is commercially viable currently has an operating line of credit secured by shortterm assets (eg. acounts receivable, inventory) financial institution assess the eligibility criteria Application is made by the financial institution to the BDC 11
13 BDC - Consulting Aim to to improve the skills of their clients and increase the competitiveness of their businesses Some examples: business and financial planning globalization ISO 9000/14000 transition planning R&D human resource management 12
14 BDC Subordinate & VC financing Subordinate financing: mix of debt and equity financing typically for fast-growing businesses can be used for buyouts, working capital or the financing of intangible assets Venture capital focus on the following sectors: life sciences ICTs Energy Environment Electronics and materials 13
15 BDC Contact information Nunavut is served through the NWT office th Street Yellowknife, Northwest Territories X1A 1P3 Phone: Fax: bdc.ca BDC-BANX ( ) 14
16 Canadian Youth Business Foundation (CYBF) The CYBF is a national charity that helps young entrepreneurs between the ages of start their own business. It provides: pre-launch coaching start-up financing mentoring 15
17 CYBF Who is eligible? Individuals who: are between 18 and 34 are eligible to work in Canada have produced a viable business plan demonstrate a commitment to start or expand their business (full-time students are not eligible) agree to work with a mentor for a minimum of 2 years. 16
18 CYBF Financing Up to $15,000 in start-up financing low interest rate flexible 3 to 5 year repayment schedule Repayment schedule: Year 1: interest only at prime + 2% Year 2: interest at prime + 1% + principal Year 3-5: interest at prime + remainder of principal 17
19 CYBF Financing The BDC will also provide up to an additional $15,000 requires a minimum investment of 10% of the total value of the project from the entrepreneur, including the transfer of personal assets borrower must meet the BDC s eligibility criteria Repayment: BDC loan matches the amortization period of the CYBF loan Only one application file required (with CYBF) 18
20 CYBF - Mentoring Young entrepreneurs must agree to work with a mentor for a minimum of 2 years CYBF recruits, trains and matches the mentors Mentor and mentee must file separate quarterly updates ot the CYBF for the 2- year period 19
21 CYBF Other information CYBF s Online Business Centre: Interactive Business Planner financial advice guidance for mentors links to other information For more information: cybf.ca
22 BizPaL BizPaL is an online service that benefits Canadian businesses by helping them identify which permits and licences they require and how to obtain them: Entrepreneurs simply answer a series of questions on the type of business they want to start or expand and the activities they plan to undertake. BizPaL then automatically generates a list of all required permits and licences from all levels of government, along with basic information on each, and links to government sites where the entrepreneur can learn more and, in some cases, apply online. 21
23 Before and After BizPaL SCENARIO: An entrepreneur is thinking of opening a restaurant and wants to find out what government permits and licences are required. BEFORE Several hours are spent visiting federal, provincial/territorial, and municipal government websites to find information Telephone calls or visits are required to complete and confirm the list of requirements Ongoing risk of missing something or of getting conflicting advice from different government offices AFTER All levels of government and all channels direct clients to the BizPaL service The client spends 10 minutes answering a series of diagnostic questions. The client is then presented with a comprehensive and customized list of exactly the permits and licences that they require from all levels of government and links and contact info to allow them to proceed with applications. 22
24 23
25 24
26 25
O ne of the Government of Canada s best programs for small
O ne of the Government of Canada s best programs for small businesses has just become a whole lot better. And that means more opportunities for you. Since 1961, hundreds of thousands of small businesses
More information2014 Small Business. Financing Programs. Guide
2014 Small Business Financing Programs Guide Niagara Falls Small Business Enterprise Centre 4321 Queen Street Niagara Falls, ON L2E 2K9 smallbusinessoffice@niagarafalls.ca 905-356-7521 x 5005 0 Small Business
More informationBDC: A unique client service experience. BDC: a unique client service experience
BDC: A unique client service experience Accelerate entrepreneurs success Our mission Help create and develop Canadian businesses through financing, venture capital and consulting services, with a focus
More informationHow To Get A Small Business Loan
Canada Small Business Financing Program Main Objectives: To increase availability of financing for the establishment, expansion, modernization and improvement of small business. To facilitate access to
More informationBUSINESSES IN EXPANSION AND MANUFACTURERS: OPPORTUNITIES AND NEEDS BDC ViewPoints survey. Research and Market Intelligence at BDC June 2013
BUSINESSES IN EXPANSION AND MANUFACTURERS: OPPORTUNITIES AND NEEDS BDC ViewPoints survey Research and Market Intelligence at BDC Executive summary METHODOLOGY 140 Canadian business professionals, members
More informationRural Entrepreneur Assistance (REA)
Rural Entrepreneur Assistance (REA) Eligibility Criteria A. APPLICANT 1. Must be aged 18 or over, eligible to work in Canada, and a Manitoba resident. 2. Must develop and submit a sound business plan which
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 informationA Guide to Starting a Small Business in Chatham-Kent
A Guide to Starting a Small Business in Chatham-Kent Chatham-Kent Small Business Centre 445 Grand Avenue West Chatham, ON N7M 5L3 Phone: 519.351.7700 Email: cksbc@chatham-kent.ca www.cksmallbusiness.ca
More informationVISIT OUR WEBSITE www.myobwawa.ca
The EDC of Wawa s Mine Your Own Business (MYOB) Program helps youth under 30 start their own business and access FREE government money to start a business in Wawa & Area. Our services include: Start-up
More informationAgenda. Traditional Financing
Traditional Financing This session explores the traditional financing options that are available to allow you to build value in your business while you prepare for your exit 1 Agenda Benefits of Debt Types
More informationSBA 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 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 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 information2010 Overview of Financing
Overview of Financing 2010 Overview of Financing Revised: January 2010 Small Business BC 82-601 West Cordova Street Vancouver BC V6B 1G1 Phone: 604-775-5525 In BC: 1-800- 667-2272 Fax: 604-775-5520 http://www.smallbusinessbc.ca
More informationEntrepreneurship 101 for Internationally Educated Professionals. October 23, 2012
Entrepreneurship 101 for Internationally Educated Professionals October 23, 2012 0 Agenda Small Business Landscape in Canada About Canada Business Ontario (CBO) CBO Service Overview Secondary Market Research
More informationBusiness 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 information9 ACCESS TO CAPITAL FOR YORK REGION SMALL BUSINESSES
9 ACCESS TO CAPITAL FOR YORK REGION SMALL BUSINESSES The Planning and Economic Development Committee recommends the adoption of the recommendation contained in the following report dated May 19, 2009,
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 informationFinding sources of capital. Secured and unsecured borrowing Selling equity Government programs Frequently overlooked sources
Finding sources of capital BusineSS Coach series Secured and unsecured borrowing Selling equity Government programs Frequently overlooked sources Business Coach series The fundamentals of finance The situation
More informationACCESS 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 informationThe Customer Experience
The Customer Experience Anne Lockie EVP, Sales & Marketing Segment Overview Key Markets Growth Markets Prime Markets Commercial Markets Youth Nexus Small Business Borrowers & Builders Business Agriculture
More informationDoing Business. A Practical Guide. casselsbrock.com. Canada. Dispute Resolution. Foreign Investment. Aboriginal. Securities and Corporate Finance
About Canada Dispute Resolution Forms of Business Organization Aboriginal Law Competition Law Real Estate Securities and Corporate Finance Foreign Investment Public- Private Partnerships Restructuring
More informationMichael James VP Commercial Banking, RBC. Patrick Murphy Senior Account Manager, EDC. Julia Lee Account Manager, BDC
Michael James VP Commercial Banking, RBC Patrick Murphy Senior Account Manager, EDC Julia Lee Account Manager, BDC Contract signing 9 months Delivery 60 days Final payment Risk of non-payment (70%) Security
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 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 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 informationWright County Enterprise Loan Fund Policies and Procedures
Wright County Enterprise Loan Fund Policies and Procedures Established 1993 Revised December 1998 Revised December 2002 Revised in 2004 & approved by commissioners January 2005 1 I. OVERVIEW The purpose
More informationW i n t r u s t B a n k
W i n t r u s t B a n k 1 WHO ARE WE Wintrust Financial is a financial services holding company We provide traditional community banking services, commercial banking, wealth management, commercial insurance
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 informationPrograms & Resources for Young Entrepreneurs
Programs & Resources for Young Entrepreneurs www.granderie.com Table of Contents Program Page IGNITE Entrepreneurship Program High school students the opportunity to develop their entrepreneurial skills
More informationWHAT IS BUSINESS CREDIT?
1 WHAT IS BUSINESS CREDIT? Why Do I Need Credit? Establishing a good credit rating is an important financial priority for every business. Having good business credit means that owners of businesses can
More informationA Guide to Starting a Small Business in Chatham-Kent
A Guide to Starting a Small Business in Chatham-Kent Chatham-Kent Small Business Centre 445 Grand Avenue West Chatham, ON N7M 5L3 Phone: 519.351.7700 Email: cksbc@chatham-kent.ca 2 Table of Contents Table
More informationFinancing a New Venture
Financing a New Venture A Canadian Innovation Centre How-To Guide 1 Financing a new venture New ventures require financing to fund growth Forms of financing include equity (personal, family & friends,
More informationIpx!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 informationAboriginal Business Canada & YOU. Working with you to succeed. Working with you to succeed 1
Aboriginal Business Canada & YOU Working with you to succeed Working with you to succeed 1 Published under the authority of the Minister of Indian Affairs and Northern Development and Federal Interlocutor
More informationPRESENTS. Top 5 Financing Options for Medical Professionals
PRESENTS Top 5 Financing Options for Medical Professionals TABLE OF CONTENTS Financing Options for Doctors 3 Unsecured Business Loans 4 Equipment Leasing & Financing 5 Business Line of Credit 6 Commercial
More informationUtah Financing Options
Utah Financing Options SECTION 12 OF THE B&E PROFILE 13 Photo of Downtown Salt Lake City by Jeff Edwards Business Financing Options BONDS / LEASES / LOANS / GRANTS PAB (Private Activity Bonds) Small manufacturers
More informationSOURCES OF SME BUSINESS DEBT FINANCING IN ATLANTIC CANADA. By Theresa Shutt & Pierre Vanasse The Conference Board of Canada Ottawa, March 1999
SOURCES OF SME BUSINESS DEBT FINANCING IN ATLANTIC CANADA By Theresa Shutt & Pierre Vanasse The Conference Board of Canada Ottawa, March 1999 TABLE OF CONTENT Overview and Executive Summary....1 Introduction...8
More informationModule 1: Corporate Finance and the Role of Venture Capital Financing TABLE OF CONTENTS
1.0 ALTERNATIVE SOURCES OF FINANCE Module 1: Corporate Finance and the Role of Venture Capital Financing Alternative Sources of Finance TABLE OF CONTENTS 1.1 Short-Term Debt (Short-Term Loans, Line of
More informationEnterprise Finance Guarantee (EFG) Business Sectors and Purposes
Enterprise Finance Guarantee (EFG) Business Sectors and Purposes The Enterprise Finance Guarantee (EFG) is subject to sector restrictions arising from the EU de minimis State Aid rules, the Industrial
More informationSBA 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 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 informationUnited States of America. Presentation of financial resources available to US investors in Afghanistan; Financial Tools
United States of America Presentation of financial resources available to US investors in Afghanistan; Financial Tools Kabul, February 2007 Research categories for all countries Finance Categories 1. Equity
More informationCanada Small Business Financing Act and Small Business Loans Act. Annual Report 1999-2000
Canada Small Business Financing Act and Small Business Loans Act Annual Report 1999-2000 Canada Small Business Financing Act and Small Business Loans Act Annual Report 1999-2000 The Canada Small Business
More informationThe Corporate Finance Shift to Asset- Based Loans PART I
The Corporate Finance Shift to Asset- Based Loans PART I Realistic Business Owners Look Beyond Bank Cash Flow Loans 1 Brian Ballo Corporate Finance Associates The Good News 1 Financing is currently available
More informationMeasures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2
Measures to support access to finance for SMEs Contents Funding for Lending... 2 The National Loan Guarantee Scheme (NLGS)... 2 Enterprise Finance Guarantee (EFG)... 3 Business Finance Partnership (BFP)...
More informationAn 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 informationMANUFACTURERS: Access to financing and specific needs. BDC ViewPoints study May 2013
MANUFACTURERS: Access to financing and specific needs BDC ViewPoints study May 2013 SURVEY HIGHLIGHTS: Manufacturers access to financing > Manufacturers who answered the survey seem to generally be in
More informationSmall Business Loans Kit Town of Canora
Small Business Loans Kit Town of Canora Canora Economic Development Commission Box 717 Canora, SK SOA OLO Phone (306) 563-5574 Fax (306) 563-4336 E-mail: cdo.canora@sasktel.net Website: www.canora.com
More informationA Structured Approach to Business Financing, Part 1: Current Landscape Tiered Financing
A Structured Approach to Business Financing, Part 1: Current Landscape Tiered Financing By MARK EIKELAND, CGA Times have changed Show me the money A tiered approach to financing More reasons to use the
More informationCorporate Financing Strategies For Emerging Companies HAUSWIESNER KING LLP
Corporate Financing Strategies For Emerging Companies What is Corporate Finance? The process by which companies raise capital, especially to fund growth, acquisitions etc. The primary goal of corporate
More informationSMALL BUSINESS PLANNER
SMALL BUSINESS PLANNER As a business owner, you will spend a great deal of time considering your business, how it will look in the beginning and how it will look in the future. Writing a business plan
More informationHow To Get A Loan From The Savings Account Of The Savings And Loan Program
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 informationMORTGAGE DICTIONARY. Amortization - Amortization is a decrease in the value of assets with time, which is normally the useful life of tangible assets.
MORTGAGE DICTIONARY Adjustable-Rate Mortgage An adjustable-rate mortgage (ARM) is a product with a floating or variable rate that adjusts based on some index. Amortization - Amortization is a decrease
More informationGROWING. FINANCIAL PARTNERSHIPS Discover the Difference with DLC Expert Financial Loan Programs Provided through EQUIS CAPITAL FINANCE COMMERCIAL
GROWING FINANCIAL PARTNERSHIPS Discover the Difference with DLC Expert Financial Loan Programs Provided through EQUIS CAPITAL FINANCE COMMERCIAL Acquisition Term Bridge Permanent Short Term Mezzanine Acquisition
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 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 informationSBA L SBA endi ding Program Overview
SBA Lending Program Overview SBA Loans The U.S. Small Business Administration (SBA) offers numerous loan programs to assist small businesses. The SBA is primarily a guarantor of loans made by banks and
More informationGeorgia Department of Community Affairs. Atlanta Regional Commission June 12, 2012
Georgia Department of Community Affairs Atlanta Regional Commission June 12, 2012 History & Background of State Small Business Credit Initiative (SSBCI) Component of Small Business Jobs Act, bi-partisan
More informationBetter Business Finance
Better Business Finance Alternative sources of finance There are a wide range of financial products now available to help businesses access the investment needed to grow and thrive. This factsheet explains
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 informationThe Funding Guide A FUNDING RESOURCE FOR BUSINESSES & NON-PROFIT ORGANIZATIONS. Sponsored by:
The Funding Guide A FUNDING RESOURCE FOR BUSINESSES & NON-PROFIT ORGANIZATIONS Sponsored by: Table of Contents About This Guide 1 Top 10 Tips when preparing Funding Applications 1 Programs & Services NECO
More informationSMALL BUSINESS OWNER S HANDBOOK
SMALL BUSINESS OWNER S HANDBOOK PART II: FINANCIAL PLANNING FOR SMALL BUSINESSES Introduction Financial Planning Methods of Financing Your Business Other Types of Funds & Financing How to Approach Lenders
More informationFranchise Financing Made Easy. How do you decide which type of financing is best for you?
How do you decide which type of financing is best for you? A Proven Business Model Why are Franchise businesses more successful than independent businesses? There are thousands of opportunities, with proven
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 informationSmall Business Loan Guarantee Program
Small Business Loan Guarantee Program Economic Analysis New Business Start-ups Business Growth & Expansions Business Finance Small Business Loan Guarantee Program The Small Business Loan Guarantee Program
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 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 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 informationThe Funding Guide A FUNDING RESOURCE FOR BUSINESSES & NON-PROFIT ORGANIZATIONS. Municipality of East Ferris Municipalité East Ferris
The Funding Guide A FUNDING RESOURCE FOR BUSINESSES & NON-PROFIT ORGANIZATIONS Municipality of East Ferris Municipalité East Ferris Table of Contents About This Guide 1 Top 10 Tips When Preparing Funding
More informationReal Estate & Mortgage Investment Specialists
Your Real Estate & Mortgage Investment Specialists Private Lending FAQ s 1. Why Should I Invest In A Mortgage? A mortgage is a loan in which real estate or property is used as collateral. When an individual
More informationHOME EQUITY CREDIT ACCOUNT DISCLOSURES
HOME EQUITY CREDIT ACCOUNT DISCLOSURES This disclosure contains important information about your Home Equity Credit Account. You should read it carefully and keep a copy for your records. 1. Availability
More informationRenewing and Renegotiating Your Mortgage
ABCs of Mortgages Series Renewing and Renegotiating Your Mortgage Smart mortgage decisions start here table of contents overview 1 the renewal process 2 renegotiating your mortgage agreement: breaking
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 informationA GUIDE TO THE CANADA SMALL BUSINESS FINANCING PROGRAM
A GUIDE TO THE CANADA SMALL BUSINESS FINANCING PROGRAM The Canada Small Business Financing Program (CSBFP) is a government initiative administered by Industry Canada that is designed to help launch new
More informationKeystart Home Loans Product Guide
Keystart Home Loans Product Guide September 2013 Keystart Loans Ltd ABN 27 009 427 034 Australian Credit Licence 381437 1 Contents About this booklet 3 Keystart home loan 4 SharedStart home loan 6 Aboriginal
More information2030 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 informationStudy on Financing Growth Capital for SMEs
Study on Financing Growth Capital for SMEs Remarks by Marion G. Wrobel Vice-President, Policy and Operations Canadian Bankers Association for The Standing Senate Committee on Banking Trade and Commerce
More informationVUNTUT GWITCHIN FIRST NATION NOTES TO THE NON-CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2005
1. Basis of presentation These financial statements have been prepared on a nonconsolidated basis and do not include the accounts of the First Nation's compensation fund or Vuntut Development Corporation,
More informationMicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES
MicroLOAN SOUTH DAKOTA Building South Dakota Communities POLICIES AND PROCEDURES A PARTNERSHIP BETWEEEN THE REVOLVING ECONOMIC DEVELOPMENT INITIATIVE FUND, SOUTH DAKOTA DEVELOPMENT CORPORATION AND THE
More informationFinancing Profiles SMALL BUSINESS. SME Financing Data Initiative May 2006. Definitions. Summary of Key Findings
SMALL BUSINESS Financing Profiles SME Financing Data Initiative May 2006 High-Growth SMEs Small businesses are key to economic growth. Recent studies by Industry Canada (Parsley and Dreessen, 2004) and
More information21 Main Street South Markstay, ON P0M 2G0 Box 79 Phone: (705) 853 4536 Toll Free: (866) 710 1065 Fax: (705) 853 4964
21 Main Street South Markstay, ON P0M 2G0 Box 79 Phone: (705) 853 4536 Toll Free: (866) 710 1065 Fax: (705) 853 4964 Table of Contents Business Services.... 3 ¾Agricultural Related Sites.... 3 ¾Canada
More informationZUMBROTA ECONOMIC DEVELOPMENT AUTHORITY BUSINESS DEVELOPMENT LOAN FUND
ZUMBROTA ECONOMIC DEVELOPMENT AUTHORITY BUSINESS DEVELOPMENT LOAN FUND I. OBJECTIVES To provide direct, subordinated low-interest loans to new businesses and existing businesses contemplating expansion.
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 information11.437 Financing Community Economic Development Class 6: Fixed Asset Financing
11.437 Financing Community Economic Development Class 6: Fixed Asset Financing I. Purpose of asset financing Fixed asset financing refers to the financing for real estate and equipment needs of a business.
More informationUse this section to learn more about business loans and specific financial products that might be right for your company.
Types of Financing Use this section to learn more about business loans and specific financial products that might be right for your company. Revolving Line Of Credit Revolving lines of credit are the most
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 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 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 informationDepartment of Economic Development & Transportation SMALL BUSINESS SUPPORT PROGRAM GUIDELINES
. Department of Economic Development & Transportation INTRODUCTION SMALL BUSINESS SUPPORT PROGRAM GUIDELINES In April 2006, the Department of Economic Development & Transportation implemented program delivery
More informationSBA 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 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 informationSBA Loans For Small Business Owners
Commercial Business and Real Estate Consultants Financial support at the Speed of Business SBA 504 LOAN PROGRAM For smarter Commercial Financing of: Real Estate Buildings Mix use properties Machinery Equipment
More informationSyndicated Revenue Loans. Secured Lines of Credit
Syndicated Revenue Loans. Syndicated Revenue Loans are Revenue loans grouped together through a syndicate. Typically these loans are given while a revenue loan is still outstanding, but the business owner
More informationBorrowing on Home Equity
ABCs of Mortgages Series Borrowing on Home Equity Smart mortgage decisions start here Table of Contents Overview 1 What are the different options? 2 1. Refinancing 3 2. Borrowing amounts you prepaid 4
More informationBusiness Start-Up Basics II
Business Start-Up Basics II P R E B U S I N E S S P L A N P R E P A R A T I O N Presented by: SBDC Business Advisors Lisa Hutson Ana Badillo Susan Patton Agenda 1. Determine financing needs a. Discuss
More informationAvailable Financing, Consulting and Grants to Small Businesses in Ontario
Available Financing, and Grants to Small Businesses in Ontario Apprenticeship Job Creation Tax Credit (AJCTC) Employment, Provides a non-refundable tax credit to help businesses offset the cost of hiring
More informationPlan and Track Your Finances
Chapter 9 Plan and Track Your Finances 9.1 Finance Your Business 9.2 Pro Forma Financial Statements 9.3 Record Keeping for Businesses Ideas in Action Electronic Safekeeping Katelin Shea addressed the unmet
More informationBig Local social investment guide to small business lending
Big Local social investment guide to small business lending Welcome to the Big Local social investment guide to small business lending! This is one of four publications that provide more specific details
More informationGOVERNMENT OF YUKON. Financial Statement Discussion and Analysis for the year ended March 31, 2007
1 2 Introduction The Public Accounts is a major accountability report of the Government of Yukon (the Government). The purpose of the financial statement discussion and analysis is to expand upon and explain
More information