Transcript U.S. Small Business Administration
The S.A.M.E. Scott Field Post SMALL BUSINESS EXHIBITION Wednesday, August 25, 2010
Do you know your SBA financing options?
small business loans
loans for land and buildings
surety bonds for small and minority construction contractors
venture capital investing
export assistance Your Small Business Resource www.sba.gov 1-800 U ASK SBA
The 7A Loan Guaranty Program
• Guarantees up to $1,500,000 For - – Expansion or renovation – Construction of new facilities – The purchase of - • land or buildings • machinery & equipment • furniture and fixtures • leasehold improvements
Your Small Business Resource www.sba.gov 1-800 U ASK SBA
7A Loan Guaranty Cont.
• Working Capital • Inventory Purchases • Refinancing existing debt
Your Small Business Resource www.sba.gov 1-800 U ASK SBA
7A Program Loan Requirements
• Business must be “small” • Business must be operated for profit • Good character/SBA Form 912 • Liquid resource test • Management • Repayment ability • Collateral
Your Small Business Resource www.sba.gov 1-800 U ASK SBA
Surety Bond Guarantee Program
Office of Surety Guarantees
~ Office of Field Operations ~ 17 March 2010
Office of Surety Guarantees
Mission
Provide surety bond guarantees for small businesses in direct partnership with surety companies and their agents. (The program was established to help small businesses obtain bonds who otherwise would not be able to obtain them in the traditional commercial marketplace.) 7
Office of Surety Guarantees
SBA guarantees between 70 and 90% of the costs a surety company incurs if the small business defaults, in order to encourage surety companies to provide bonds to small businesses.
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Small Business Program Participation Requirements • Applicant must be a small business as defined by the proper NAICS Code.
(business, together with its affiliates, must be small for the primary industry in which it is engaged.) • Contract must require a bond.
• Public or private contract or subcontract cannot exceed $5 million, unless a Federal contract, in which case the contract ceiling is $10 million.
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Office of Surety Guarantees
Fees
SBA charges the small business
.729%
of the contract price for the bond guarantee.
SBA charges the surety company
26%
of the fee the surety company charges the small business.
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Procurement Center Representative:
An Advocate, A Resource
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What PCRs Do
Coordinate with contracting activities Review acquisitions Recommend Set-asides Review Bundling Cases Review Solicitations Support 8(a) Business Development 12
Basis for SBA Programs
• Small Business Act
– Implements Congressional Policy to aid, counsel, assist & protect the interests of small business concerns – Goal of policy is to ensure that a fair proportion of purchases, contracts & subcontracts be placed with small businesses
http://www.sba.gov/library/lawroom.html
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Small Business Contract Assistance Programs
• Prime Contract Assistance – Small business set-aside program – Procurement Preference Goaling – Size Determination Program – Waivers to the Non-Manufacturer Rule – Natural Resources Program – Certificate of Competency (COC) • Subcontracting Assistance
http://www.sba.gov/GC/
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PCRs
• Help ensure a fair portion of purchases go to Small Businesses of all types – represent SBA at major buying activities – review proposed acquisitions, including bundled procurements – recommend requirements to be set aside for HUBZone, 8(a) & SB firms – advise agencies & SBs on SBA programs – initiate secretarial appeals
FAR Part 19.402
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Procurement Programs
• Small business • HUBZone small business • Service-disabled VOSB (SDVOSB)
FAR Part 19, Public Laws, Code of Federal Regulations
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PCRs and Appeals
• An appeal is a 3 step appellant process: – PCR issues a Form 70, “SBA Recommendation” to contracting officer (CO) – If CO denies, writes a letter of appeal to the Head of the Contracting Activity (HCA) – If HCA denies, PCR forwards to SBA HQ – SBA Administrator appeals to the Agency Secretary or Administrator
FAR Part 19.505
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What PCRs Do
Attend Training Events Promote SBA Programs Mediate SB Issues Monitor Public Notices Counsel small & ‘other than small’ businesses, Federal Agencies 18
What PCRs See
Small Business Review Form Government Estimate Sole Source Justifications (J&A) Statement of Work Acquisition Plan Market Survey 19
Procurement Request Purchase History Synopses Source Selection Criteria
What PCRs See
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What PCRs See
Sensitive Information Set-aside appeals Certificate of Competency Request Subcontracting Plans 21
What PCRs Share
General Information “In the Public Domain” Forecasts FedBizOpps Synopses Solicitations 22
What Other Programs Do PCRs Promote?
• Provide information on resources offered by government contracting: COC, Size Determination, Size Standards, CCR Small Business Dynamic Search, and CMR subcontracting activities.
• Provide directions and contacts regarding district programs: Loans, Surety Bond Guarantee, and Economic Development 23
Firm must: • Meet size standard for NAICS code specified in solicitation • Self-certify size status • Be small at time of self-certification
Size Determinations IAW 13 CFR 121
If Questioned, Protest must be: • Specific to a buy • Received in a timely manner • Forwarded to Area Director for formal determination.
Size Determination Specialists are located at SBA Area Offices
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Certificates of Competency
Capacity, Credit, Capability, Competency, Integrity, Perseverance & Tenacity, Limitations on Subcontracting.
When determined to be non-responsible, a small business is entitled to an independent review by the SBA .
Written referrals must be sent to the SBA Area Office responsible for the geographic location of the small business.
www.sba.gov/GC/
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PCRs are Unique!
Small Business Advocate Adversarial Relationships Small Business Specialist Support Special Authority Insider-Outsider 26
Your SBA PCR:
MARIA GALLOWAY
An Advocate for all types of small businesses.
A resource for information and advice.
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