www.sba.gov u.s. small business administration programs & services

www.sba.govwww.sba.gov

U.S. Small Business Administration Programs & Services


“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 disaster.”

SBA Mission Statement


SBA Partner to the Entrepreneur


7(a) Loan Program

Regular 7a Guarantee 85% of Loans

<$150,000 Guarantee &5% of loan .

$150,000 up to $2 million Loan Proceeds:

Refinancing, Purchase Land or buildings, Line of Credit, Working Capital, or Inventory. Flexibility

The Recovery Act Guarantee 90% on all

7(a) Loans:

Standard 7(a), CLP, PLP

Community Express,

Patriot Express

Export Express

Gulf Opportunity EXCEPT:

SBA Express 50% Gty.


7(a) Higher Guaranty Extended

7(a) 90% guaranty has been extended until February 28, 2010 or earlier if funds are exhausted


Elimination of Guaranty Fees

7(a) Loan Guaranty fees paid by the borrowers

504 Development Company program fees paid by the borrowers

Guaranty fees elimination has been extended until February 28, 2010 or earlier if funds are exhausted


Terms▪ 7 to 10 years for working capital and equipment

▪ Up to 25 years for fixed assets:- real estate and construction

Interest Rates ▪ Negotiated between borrower and

lender ▪ Typically cannot exceed prime rate plus 2.75%

7(a) Loan Program


ARC LOAN PROGRAM New, temporary, guaranteed loan program Up to $35,000 Interest-free to borrowers Deferred payment loan SBA pays interest to lender at WSJ Prime + 2 No fees charged by SBA or Lenders to

borrowers, other than direct costs of securing and liquidating collateral

Loans available until funds run out or 9/30/2010


Patriot Express Loan

Loans up to $500,000 85% on loans of $150,000 or less 75% on loans over $150,000 Terms: same as 7(a) loan Use of proceeds: same as 7(a) loan Interest rate: 2.25% TO 4.7 over prime


8(a) Business Development Program•Socially & Economically Disadvantaged•Small business concern•51% Ownership required•Owned by a U.S. citizen•Day to Day Control•For businesses in operation 2+ years•$250,000 personal Net Worth

Federal Procurement Opportunities


Small Disadvantaged Business Program•Socially & Economically Disadvantaged•51% Ownership required•Day to Day Control•For businesses in operation 2+ years•Other persons, including women & persons of any race•$750,000 personal Net Worth

Procurement Opportunities


SBA RESOURCES PARTNERS

FREE ONE ON ONE COUNSELING BUSINESS and MANAGERMENT

Small Business Development (SBDC)

(803) 777-5118

SCORE (Counselors to America Small Business

(803) 765-5131


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U.S. SMALL BUSINESS ADMINISTRATION

STROM THURMOND FEDERAL BUILDING

1835 ASSEMBLY STREET, SUITE 1425

COLUMBIA, SC 29201

Telephone: (803) 765-5377

Web Address: www.sba.gov/sc


Thank You!

www.sba.gov u.s. small business administration programs & services

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