Transcript Encore Entrepreneur Day SBA Resources for America’s Entrepreneurs South Florida District Office.

Encore Entrepreneur Day
2015
SBA Resources
for
America’s Entrepreneurs
South Florida District Office
Mission & Goals
The U.S. Small Business
Administration was created in
1953 as an independent agency
of the federal government.
Goal 1
Growing businesses and
creating jobs
Goal 2
Our mission is to maintain and
strengthen the nation’s economy
by enabling the establishment and
vitality of small businesses, and by
assisting in the economic recovery
of communities after disasters.
Serving as the voice for
small businesses
Goal 3
Building an SBA that
meets the needs of small
businesses
Small Business Stats
An Independent
business with
fewer than 500
employees.
Government
contracting
programs have
different
definitions
• 28.2 million
in the U.S
• 99.7 % of
U.S.
Employer
firms
• Create 63% of
Net new
private-sector
jobs
• 98% of firms
export goods
SBA
3’Cs
Major Lines of Business
Capital Access
Types of SBA Loans
Traditional
Lending
• From starting up or expanding your business to recovering from disasters, SBA
loan programs are available to help your business succeed
Micro Loans
• Provides loans up to $50,000 to help small businesses start up and expand.
The average microloan is about $13,000
SBIC
• Privately owned and operated SBICs use their own capital and funds
borrowed from the SBA to provide financing to small businesses in the
form of equity securities and long-term loans.
Export Loans
• SBA has several loan programs specifically designed to help develop or expand
trade and export activities- with loans ranging from $500,00 to $5 million.
Contracting
Finding Customers
8(a) Business
Development
Program
HUBZone
Cluster Initiatives
STEP Program
• Assist small business with obtaining government contacts. Participants can
receive sole-source contracts, up to a ceiling of $4 million for goods and services
and $6.5 million for manufacturing
• The HUBZone program promotes economic development and employment
growth in distressed areas by providing certified small businesses located in
Historically Underutilized Business (HUB) Zones with preferential access to
federal contracting opportunities
• Clusters are geographic concentrations of interconnected companies, suppliers,
academic institutions, and service providers with a specific industry focus and
additional economic incentives.
• The State Trade and Export Promotion Program: is a pilot export initiative to
make matching-fund awards to states to assist small businesses to enter and
succeed in the international marketplace.
Counseling
Office of Entrepreneurial
Education
SBDC
• Small Business Development Centers- Provide a variety of free
business consulting and low-cost training.
SCORE
• a national network of more than 12,000 volunteer mentors with
corporate and small business ownership experience who will provide
insight in person or online
Women’s
Business Centers
• a national network of over 100 educational centers designed to assist
entrepreneurs — especially women who are economically or socially
disadvantaged — in starting and growing small businesses
Online Learning
Center
• OLC - offering free online courses on business development
Questions??
SBA Resources
for
America’s Entrepreneurs
Erick Isaac
Business Development Consultant
Hispanic Business Initiative
Fund of Florida
.
www.hbifflorida.org
Our Mission
“To strengthen the economy of Florida
through quality business development
and training to Hispanic
entrepreneurs.”
Our Vision
“To emphasize the power of economic
opportunity and act as a catalyst for
positive community change by
contributing to the growth and success of
Hispanic-owned businesses.”
www.hbifflorida.org
Business Model
 Only Hispanic organization in Florida providing a
complete portfolio of comprehensive services aimed
to assist Hispanic entrepreneurs and business start-ups .
 100% Bilingual: English and Spanish
 Provide entrepreneurial grant to clients to use premiere
contracted professional services
www.hbifflorida.org
Our Offices
Headquarters:
National Entrepreneur Center (NEC), Orlando*
Regional Offices:
Tampa (Westshore Corporate Center)
Miami (Miami Free Zone in Doral)
Satellite Offices:
- Kissimmee/Osceola County Chamber of Commerce (Tuesdays only)
- Seminole County Regional Chamber of Commerce (Thursdays)
- Greater Miami Chamber of Commerce (Once a week)
- Hollywood (Once a week)
*Since 2003, HBIF has been one of 12 service providers at the NEC
www.hbifflorida.org
Services
Technical Assistance
Education
• One-on-one Consulting
• Minority Certification
• Orientation Sessions
• Workshops
• Contractors’ Academy
Economic
Development
Grants
•Export Plan
•Legal & Accounting
Structure Assessment
• Business & Marketing Plans
• Corporate Branding
• QuickBooks® Training
• Web Page Creation
Loan Facilitation
• ACCIÓN USA
• Application Preparation
• Business Plan Creation
• Business Concept
Presentation
Impact
PAST FIVE FISCAL YEARS
Jobs Created/Retained
Loans Marketed
3,909
$23,818,846
Clients Provided One-on-One Consulting
4,062
Clients Awarded Entrepreneurial Grants
470
Contracted Technical Assistance Hours Approved
10,076
Orientation, Workshop and Training Participants
16,780
www.hbifflorida.org
Funding Sources
2011-2012
Corporate
35%
2012-2013
Government
36%
29%
Earned
34%
17%
49%
www.hbifflorida.org
Investors’ Circle Sponsors
Platinum Sponsor
Workshop Sponsor
Silver Sponsors
www.hbifflorida.org
Bronze Sponsors
Government Supporters
www.hbifflorida.org
QUESTIONS?
786-329-5830
www.hbifflorida.org
Accion East & Online
Fabiana Estrada
Director of Lending
[email protected]
305-548-3360
Agenda
Who is Accion
What Accion Offers
How Accion Loans and Services Work
Conclusion
Who is Accion
• National, nonprofit lender with
local impact
• Over twenty years lending
experience
• Serves businesses with limited
access to bank financing
• Compliments the traditional
banking system
• Supports diverse communities
and industries
Since 1991, Accion has provided over 20,400 loans and
$132 MM nationwide (averaging $7,000 per loan)
What Accion Offers
Business
Term
Loans
Credit
Coaching
Financial
Education
High
Profile
Partners
Client quickly receives critical funding and support
Community
Networks
How Accion Loans and Services Work
Fast and Simple
Application
Tailored Loan
Solutions
Valued
Relationships
• Directly with local
loan consultant or
online
• Average 14 day turnaround
• Flexible
requirements
• Affordable ACH
payments and no
prepayment penalty
• In-house loan
operations
• One-on-one client
attention from start
to close
• Ongoing client
mentorship
Accion: an essential solution for building new client relationships
Next Steps
Fabiana Estrada
Phone: 305-548-3360
Email: festrada@accionusa,com
www.accionusa.org/apply
Michael Carn
President and CEO
MetroBroward Development
Corporation
.
THE BEGINNING
COMMUNITY IMPACT
THE CDFI MODEL
LOAN CAPITAL
BUSINESS ASSISTANCE
SMALL BUSINESS LOANS
SUCCESS METRICS
COMMUNITY PARTNERS
CONTACT US
Capture Your Dream
They all started with a dream!
• Steve Jobs
• Bill Gates
• Richard Branson
• Mary Kay Ash
• Walt Disney
• Steven Spielberg
• Oprah Winfrey
• Sam Walton
What is your dream?
Questions & Discussion