Transcript Small Business Administration Programs

U.S. Small Business
Administration
Programs
Shivani Desai, Arizona District Office
Associate District Director for Business Development
[email protected]
U.S. Small Business Administration
Created in 1953
 The only Federal
Government
Agency
specifically
designed to assist
the small
business
community


Mission
Statement
– aid
– counsel
– protect
– fair proportion
of government
contracts and
sales
How We Assist Small Business
Business
Development
 Financial
Assistance
 Procurement
Assistance
 Office of
Advocacy

Business
Plans
SBA’s Resource Partners

SCORE

Small Business
Development
Centers

Women’s
Business Centers
TELEPHONE OR
VISIT SCORE FOR FREE
BUSINESS COUNSELING
PHOENIX SCORE 602.745.7250
2828 N. Central Avenue, #800
Phoenix
EAST VALLEY SCORE: 480.833.9020
1201 S. Alma School #4800, Mesa
TUCSON SCORE
520.670.5008
10 E. Broadway, Tucson
Prescott-Northern AZ
928.778.7438
1228 Willow Creek Rd.#2,
Prescott
SCORE’s WEB SITE: www.score.org
● Free Monthly Newsletter
● E-mail Counseling
SMALL BUSINESS DEVELOPMENT CENTERS
“SBDC”
● Business Planning
● Loan Preparation
● Training
● Counseling
Arizona has SBDC’s statewide.
Visit their web site:
www.azsbdc.org
SBA’s Women’s Business Center
in Arizona
Tucson:
Tucson/Pima County
WBC
10 East Broadway, #210
Tucson
520.620.1241
Area: Pima County
www.mac-sa.org
SBA’s Web Pages
SBA Program
Information:
www.sba.gov
 Publications
 Links
 Local
Information:
www.sba.gov/az

SBA Loan Programs

7(a) Regular
Loans

Certified
Development
Company - 504
Loans

Disaster Loans
SBA Loan Eligibility

For Profit

Size Standards

Type

Unable to
borrow on
reasonable
terms
Size Standards
Sales in Millions




Retail
$6.0 to $21.0
Service
$2.5 to $21.5
Construction
$7.0 to $33.5
Agriculture
$ .5 to $ 9.0
www.sba.gov/size
Number of
Employees


Wholesale
< 100
Manufacturing
500 to 1500
Type - Those Not
Eligible Are...






Non-Profits
Lenders
Passive Owned Real
Estate
Foreign Business
Pyramid Sales
Defaulted on a
Federal Loan
resulting in a loss

Religious Teaching

Sexual Materials

Speculation

Gambling

Life Insurance

Incarcerated, on
probation or parole,
or indicted for
felony or moral
crime
THREE ELEMENTS IN AN SBA
GUARANTEED LOAN

Small Business
Applicant

Bank

SBA
THE BUSINESS PLAN

Purpose of the Loan

History & description of the Business

Current Balance Sheet & Income
Statement

Financial Statements for 3 Years

Schedule of Term Debts

Aging of A/R and Payables

Investment by Owner

Proformas

Personal Financials and Resume
Loan Terms

7 years for
working capital

10-15 years for
equipment

Up to 25 years
for land and
building
What if I only need a
business loan
between $200.00 to
$35,000.00 ?
SBA has a MICROLOAN PROGRAM!
Nonprofit Intermediaries make loans to eligible
borrowers. Application is made directly to the
Intermediary:
•Prestamos Small Business Lending
(Counties of Maricopa, Pima, Graham, Gila, Coconino, Yavapai)
• PPEP Microbusiness & Housing (Counties of Cochise, Santa Cruz,
Pinal,Yuma, etc.)
•Microbusiness Advancement Center of S. Arizona (Pima County)
What Do These Businesses
Have in Common
Staples
 Federal Express
 American Online
 Sun Tire
 Nike
 Apple Computers
 Outback
 Teledyne
 Intel

Government Procurement
Assistance






Procurement Marketing
& Access Network
8(a) and SDB
certifications
HUBZones
Surety Bonds
Small Business
Innovation Research
Grants
Procurement Center
Representatives
Central Contractor Registration
www.ccr.gov




www.ccr.gov is a
National Internetbased database of
small businesses.
A link to procurement
opportunities.
An electronic search
engine for contracting
officers.
A marketing tool for
small firms.
What are the Advantages of
www.ccr.gov



One-stop procurement shop
Solicitations can be e-mailed to those
businesses with e-mail addresses listed
in their profile.
It’s a dynamic system allowing
participating small firms to update
their own profiles
8(a) & Small Disadvantaged
Business Certification



8(a) Program
Business Development Program
9 year participation
Criteria
–
–
–
–
US Citizen
2 Years in Business
Less than $250,000 in personal assets
Demonstrate social & economic
disadvantage
HUBZone Empowerment
Contracting Program
Federal Contracting
Opportunities
 Distressed Areas
 Foster Growth
 Empower
Communities,
create jobs, and
attracts private
investment

SBA Surety Bonds
Why SBA Surety Bond
 SBA will guarantee 70-90 % of
face value
 Must meet SBA Size Standards
 Fees

– From Surety - 23% of premium
– From Contractor - $7.45 per every
$1,000 of contract
Small Business Innovation
Research Grants
Ten Federal
Department &
Agencies
 Criteria

–
–
–
–

American Owned
For-Profit
R&D Program
500 Employees
Information
www.sba.gov
Three Phase
 SBA’s role

– Directs
implementation
– Coordinate
information
– Review progress
How to Get Help




Arizona District
Office
(602) 745-7200
SBA On-Line
www.sba.gov
Local
Information:
www.sba.gov/az
SBA Answer Desk
1 800 U ASK SBA
Any Questions???
Thank You!