the u.s. small business...
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The U.S. Small Business Administration
Peter Cazamias, Associate Administrator Office of International Trade
FoundedbyanActofCongressIn1953theUnitedStatesCongressunifiedthefederalgovernment’ssmallbusinesseffortsintooneagency. SMALL BU SIN ESS ACT
[The Act of July 18, 1958]
Rev. 14
15 U.S.C. 631 et seq.; 72 Stat. 384 et seq.
As Amended Through P.L. 113–291 Enacted December 19, 2014
Created
SupportingSmallBusinessesAcrosstheUnitedStates
SBAprovideseducation,information,technicalassistance&trainingfree-of-charge• In-person,face-to-faceandonlineadvising,mentoring,andtrainingfor
everystageofbusinessgrowthanddevelopment.
SBDCsSmallBusiness
DevelopmentCentersSCORE
CounselorstoAmerica'sSmallBusiness
CDCsCertifiedDevelopment
CompaniesUSEACsExportAssistanceCenters
VBOCsVeteransBusinessOutreachCenters
WBCsWomen’sBusiness
Centers
+SBARegional&DistrictOffices
Twoflagshipbusinessloanguaranteeprogramshelpstart-upbusinesseslaunchandexistingbusinessexpand:
SBA provides a guarantee of select small business loans made by lender participants
7(a) Supports job creation and economic development through guaranteed debentures
504
Working Capital
Accounts Receivable
and InventoryEquipment Leasehold
ImprovementsReal Estate
and BuildingsCertain
Refinancing of Debt
Financing Change of Ownership
pool of investment capital
• Pensions, Foundations, Banks
• High-Net Worth Individuals
PRIVATE INVESTORS
U.S.GOVERNMENT
public-private partnership
SMALL BUSINESSES
For every $1 the fund raises from investors…
…the SBA will commit up to $2 of debt*
*Subject to a cap of $150 million
SBIC- SmallBusinessInvestmentCompanies:
SBIC- TheSmallBusinessInvestmentCompany:Amulti-billiondollarinvestmentprogramtobridgethegapbetweenentrepreneurs’needforcapitalandtraditionalsourcesoffinancing.
• $4billionauthorizationperyear• $23.78billionofassetsundermanagement• 299activeSBICs• $13billionofinvestmentsintomorethan6,300U.S.small
businessesacrossmultipleindustriesoverlast5years
SBIR– TheSmallBusinessInnovationResearchSTTR– SmallTechnologyTransferResearch
R&Dfundstodevelopcommerciallyviableinnovations• $2.2billionannualsetaside• 145,000awardsgranted• 10patentsperday
SBASuccessStories
14
Agencysealimage
Office of International Trade
• Small Business Export Expansion Act of 1980: Established SBA’s Office of International Trade
• Small Business Jobs Act of 2010: Established OIT as a separate and distinct Office of the Administration and expanded SBA’s international trade programs
• Trade Facilitation and Trade Enforcement Act of 2015: Enacted the State Trade Expansion Program (STEP) as a permanent program
“SBA should aid and assist small businessesto increase their ability to compete inInternational markets”
Small Business ActJuly 30, 1953
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Office of International Trade Program Fast Facts
34,000 export activities supported
$1.5 billion of exports
FY 2010 to FY 20169,250 small business exporter
assisted$17.3 billion of exports
Three Global SME MinisterialsGlobal Market Access and De-
regulationForeign trade barrier serviceSmall business inquiry point
State Trade Expansion Program
(STEP)Trade Finance
International Affairs-Trade Policy
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Information Capital MarketAccess
Three Challenges for SmallBusiness Exporters
Lackofnecessaryinformation forexporting
Lackofnecessarycapital forexporting
Lackofnecessarymarketaccess forexporting
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SBA provides counseling, business development, capital, and trade affairs support as part of its Export Assistance Programs for small businesses—
COUNSELING
EXPORTBUSINESS
DEVELOPMENTASSISTANCE
CAPITAL
GLOBALMARKETACCESS
SBA Export Assistance Programs
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STEP Overview
ProgramOutcomes• IncreasethenumberofU.S.smallbusinessexporters
• IncreasethevalueofU.S.smallbusinessexports
ProgramAuthorizationTradeFacilitationandTradeEnforcementActof2015
(HR644)
ProgramPurpose• Providematching-fundawardstoeligiblestate/territoryapplicantstoassistU.S.smallbusinessesenterandsucceedintheinternationalmarketplace
• Awardsearnedthroughacompetitiveprocess
• Forexportdevelopmentonly;focusedongoodsandservices
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International Trade Finance
SBAoffersshort-andlong-termguaranteedexportfinancingtohelpincreasesmallbusiness’sabilitytocompeteininternationalmarkets
SBAExportFinanceProducts
ExportExpress
ExportWorkingCapitalProgram
InternationalTradeLoan
Spain
Mexico
Kenya
Argentina
Colombia
IsraelMorocco
Italy
Panama
Estonia
El SalvadorCuba
SBAhasledthreeGlobalSMEMinisterialmeetings,conveningMinistersandseniorofficialsfromover25nationstodiscussbestpracticeforsupportingSMEs.
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Taiwan
Promoting Global Entrepreneurship
SBA Global Market Access Strategy
1. AdvocateforU.S.smallbusinessinterestsinWTOandU.S.bilateraltradeagreementnegotiations:(greatertransparency,streamliningcustomsprocedures,andensureintellectualpropertyprotectiontopreventcostlytradebarriers)
2. Breakdowntradebarriersthrougha100%smallbusiness-dedicatedinquirypoint:(helpsmallbusinessesarticulatetheirtradeconcernsandconductduediligence)
3. Championtransparencyandregulatoryreforms(e.g.,de-regulation)inkeyglobalandemergingmarketsforU.S.smallbusinessexporters:(promoteopen,fair,andpredictablemarketstoenhancesmallbusinessinternationalization)
Thankyou!
Questions?
PeterCazamias,AssociateAdministratorOfficeofInternationalTrade
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