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U.S. Small Business Administration
The SBA AdvantageResources and Programs for Success
SBA and Women-OwnedBusinesses
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The SBA Offers Assistance
Everyday, MILLIONS of entrepreneursturn to SBA resources and programs
Since July 30, 1953, the SBA has delivered
millions of loans, loan guarantees, contracts,counseling sessions and other forms ofassistance to small businesses.
We help you start a business, grow a business,access federal contract opportunities and learnto effectively compete in the market place
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Leadership traits
Decision-makingskills
Ability in managingemployees
Knowledge of marketing basics
Knowing how to forecast for future growth
Skill in weighing your finances andknowing financing options
Teach Management Skills To Succeed
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Are you a self-starter? How well do you get along with different
personalities?
Are you good at
making decisions? Do you have the
physical/emotionalstamina to run a
business? How well do you plan and organize?
Is your drive strong enough?
Are you prepared for how the business mightaffect your family?
Evaluate/ Re-Evaluate Your Business Self
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SBA on the Internet
www.sba.gov
Easy-to-findinformation to help
small businessesstart, grow andsucceed.
Small Business Training Network an onlinevirtual campus offering free courses, work-shops and resources.
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Whats at SBA.GOV?
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Just for Women on SBA.GOV
SBAs Officeof WomensBusinessOwnership
The NationalWomens
BusinessCouncil
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The SBA strives to reach those underservedby our programs including:
Women
Native Americans
Young Entrepreneurs
Rural area
business owners
Veterans
Our Initiative to reach the Underserved
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How can SBA assistance help you?
Generally, we at SBA like to explainour assistance as
Three Csand a D
Providing access to CAPITAL
Providing access to CONTRACTS Providing access to COUNSELING
And offering DISASTER assistance,through direct loans, to help small
businesses, homeowners and non-profitsrecover
We can also give you expert assistanceto help you export when you are ready
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What the First C Can Do
SBA financial assistance programs
can help you:
Export your goods and services
Recover from a disaster
For small business loans, the SBA is primarilya guarantor of loans made by private lenders
and other types of non-profit institutions.
The SBA does not offer grants to start orgrow small businesses.
Start or grow your business
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What First C Programs SBA Offers
Small business start-up and working capitalloans 7(a) Loan Program up to $2 million
Loans for land and buildings 504 Program up to $ 5 million
Microloans up to $35,000 Surety bonds for small and minority
construction contractors
Venture capital investing
Export assistance loansfor working capital
Disaster assistance
Direct Disaster Loans
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SBAs Loan Guaranty Qualifications
Owners and operators of good character
Feasible business plan
Management expertise and commitmentnecessary for success
Sufficient funds, including SBA guaranteedloan, to operate the business on a soundfinancial basis
Adequate equity invested in the business
Sufficient collateral Ability to repay the loan on time from the
projected operating cash flow
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Prime + 2.25% for loansof 7 years or less
7(a) Loan Program Maximum Interest Rates
Prime + 2.75% for loansover 7 years
Rates can be higherfor smaller loans
The Cost of Capital
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SBA Micro-Loans
Maximum loan amount:
$35,000
May be used topurchase machinery,equipment, fixtures,
working capital,leaseholdimprovements; or toincrease receivables
Shortest term possible (6 years or less)
These loans usually carry the maximuminterest, which is negotiable with the SBAintermediary
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International Trade Loan Program
Maximum loan amount of up to $2 million acquiring long-term, fixed assets or refinancing debt for that purpose
Maximum guaranty of 75% if more than $150,00085% if less than $150,000
Maturity up to 25 years, with varying interest
The National Export Initiative
Export Working Capital Program
Short-term working capitalfor exporters
Up to $2 million (may becombined)90% guarantee up to $1.5million
Generally for one year or
one transaction cycle.
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SBAs Second C - Counseling
The SBA and its partners provide business
counseling and training and this counselingprovides you with a big advantage.
Your St. Louis SBA District Office After Dec. 13 - 222 Spruce St., Suite 10.103, St. Louis
Grace Hill Women's Development Center, at 2324 NorthFlorissant. (Womens Business Center)
SCORE- 7 Chapters Across Missouri
SBDCs (or SBDTCs in MO) - 5 Small BusinessDevelopment and Technical Assistance Centers in theMetro area
St. Louis Veterans Business Resource Centers
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The 3rdC - Contracting
The Women-Owned Small Business (WOSB)
program authorizes contracting officers to setaside certain federal contracts for eligible:
Women-owned small businesses (WOSBs) or,
Economically disadvantaged women-owned smallbusinesses (EDWOSBs)
The Federal Acquisition Regulatory Council sets
the program regulations in the FAR (part 19)
The SBA implements and administers theprogram.
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The WOSB Contracting Rule
The New WOSB Rule, implemented in 2011, ispart of the Obama Administrations commitment toexpand opportunities for small businesses tocompete for federal contracts.
The rule identified 83 industries in which WOSBsare under-represented or substantially under-represented in the federal contract marketplace.
Its another tool to help achieve the statutory goal
that 5 percent of federal contracting dollars whichare supposed to go to women-owned smallbusinesses.
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Impact of the WOSB program
Levels the playing field for WOSBs tocompete for and win federal contracts
Provides procuring agencies a tool tohelp meet their WOSB contracting goal
Ultimately, the program helps create andretain more jobs
for Women OwnedSmall Business.
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Eligibility Requirements for WOSBs
Meet small business size standard for the primary NAICS
code and contract
At least 51% unconditionally and directly owned by womenwho are U.S. citizens*
The woman must manage the day-to-day operations
The woman must make the long-term decisions for thebusiness
A woman must hold highest officer position
The woman must work at the business full-time duringnormal working hours
No minimum amount of time the business has beenoperational
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Eligibility Requirements for EDWOSBsSame requirements as WOSBs (on previous page) PLUS:
Personal net worth (assets minus liabilities) is lessthan $750,000 excluding: Ownership in business and primary personal residence
Income reinvested or used to pay taxes of business
Funds reinvested in IRA or other retirement account*
Transferred assets within two years to or on behalf ofimmediate family member for select purposes**
Adjusted gross income average over three yearsis $350,000 or less excluding: Income reinvested or used to pay taxes of business
Fair market value of assets is $6 million or lessexcluding: Funds reinvested in IRA or other official retirement account
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Two Ways to Become WOSB Eligible
1) Self-Certification Register in CCR as WOSB or EDWOSB Compile and upload all required documents
to the repository, and
Represent your status in ORCA
2) Third Party Certification
(list available at www.sba.gov/wosb) You register in CCR as WOSB or EDWOSB
You obtain certification from an SBA-approved third party
certifier.
The Third Party Certifier: Compiles and uploads all required documents
to the repository
Represents your status in ORCA
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What is CCR and What Do I Need To Do?
CCR is an online government-maintained
database of companies wanting to do businesswith the Federal government available at:https://www.bpn.gov/ccr/default.aspx
To be eligible for a WOSB or EDWOSB set-aside you must check the WOSB or EDWOSBbox, as appropriate
You must meet ALL
requirements to checkthe box
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You Must Also Have an SBA GLS Account
Go to: https://eweb.sba.gov/gls
Click on Instructions forGLS forinformation on how to request anaccount
Go to Request SBA User ID to createan account
Then log into your GLS account
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What and Where is the WOSB Repository?
By statute, documents verifying a WOSB or
EDWOSBs eligibility must be submitted to thecontracting officer (CO) on a bid
Rather than have WOSBs submit documents toa CO each time, the SBA has created adocument warehouse
A WOSBs documents in the repository can beaccessed only by the WOSB, SBA and a CO
(only with your permission.)
Once logged into GLS, click on Women-Owned Small Business Program Repository
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What Needs to Be Uploaded?
Birth certificates, naturalization papers,unexpired passports to verify U.S. citizenship
Copy of JV agreement (if applicable)
Copy of WOSB/EDWOSB Certification (OMB
approved form) DBA certificate
Corporate information relating to verifyingownership by a woman or women
EDWOSBs: All of above andSBA Form 413,Personal Financial Statement for eachwoman claiming economic disadvantage.
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The Surety Bond Guarantee Program
with two options available:
Prior Approval Program (Plan A): SBA guarantees 90% of a suretys paid losses, expenses
on bonded contracts up to $100,000
and on bonds for socially and economicallydisadvantaged HUBZone contractors andveterans & service-disabled veterans.
All other bonds guaranteed in the Plan A programreceive an 80% guarantee.
Preferred Surety Bond Program (Plan B) SBA guarantees 70%, but sureties may issue,
monitor and service bonds without SBAs prior
approval.
SBA Can Help You Bond Your Contracts
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For Homeowners & Renters to Recover
SBA provides Disaster low-interest loans:
Restore primary residences to pre-disaster conditions and torepair or replace uninsured personal property
Finally a word about the D
Physical Disaster Loans for Businesses
Loans of up to $1.5 million for businesses of any size
Economic Injury Disaster Loans
Loans of up to $1.5 million to small businesses to covernecessary operating expenses curtailed by the disaster
ALSOMilitary Reservist Economic Injury Disaster
Loans
Funded through the disaster program after the 9/11conflict, these loans cover necessary operating expensesbecause owner or essential employee is federally
activated
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Your Voice in Government
The SBA Office ofAdvocacyworks to ensure federalrulesand regulations do notunfairlyaffect small business.
The SBA Office of National Ombudsman
assists small businesses subjected to unfairaudits, fines or enforcement actions.
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Your SBA
For more informationAbout your local
SBA resources go to:www.sba.gov/localresourcesAnd, follow us on:
FaceBook at SBA Great PlainsAnd Twitter - @SBAGreatPlains
http://www.sba.gov/localresourceshttp://www.sba.gov/localresources