Encore Entrepreneur Day2015
SBA Resourcesfor
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.
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.
Goal 1Growing businesses and
creating jobs
Goal 2Serving as the voice for
small businesses
Goal 3Building an SBA that
meets the needs of small businesses
Small Business Stats
What is a Small
Business? How many are
there?What is the
Impact on U.S.
Economy?
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
Major Lines of Business
Capital
$165.19 Billion Loans approved in last 6 years
More than 277,044 small
businesses supported
Under President Obama, SBA has supported $5.6 billion in export
financing
Contracting
FY14 - Exceeded 23% federal goal for
1st time; 25% achieved!
$91.7Billion in SB contracts
awarded
$62 Billion increase over
preceding years
Counseling
FY 2014 - 70,000 jobs created or retained
$4.7 billion in financing to
Resource Partner clients
in FY 2014
FY 2014 - Helped start more than
13,500 new companies
SBA 3’Cs
Capital Access
Types of SBA Loans
• From starting up or expanding your business to recovering from disasters, SBA loan programs are available to help your business succeed
Traditional Lending
• Provides loans up to $50,000 to help small businesses start up and expand. The average microloan is about $13,000Micro Loans
• 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.
SBIC
• 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. Export Loans
Contracting
Finding Customers
• 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
8(a) Business Development
Program
• 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
HUBZone
• Clusters are geographic concentrations of interconnected companies, suppliers, academic institutions, and service providers with a specific industry focus and additional economic incentives.
Cluster Initiatives
• 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.
STEP Program
Counseling
Office of Entrepreneurial Education
• Small Business Development Centers- Provide a variety of free business consulting and low-cost training. SBDC
• 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
SCORE
• 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
Women’s Business Centers
• OLC - offering free online courses on business development Online Learning
Center
Questions??
SBA Resourcesfor
America’s Entrepreneurs
Erick Isaac
.
Business Development Consultant Hispanic Business Initiative Fund of
Florida
www.hbifflorida.org
“To strengthen the economy of Florida through quality business development
and training to Hispanic entrepreneurs.”
Our Mission
“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.”
Our Vision
www.hbifflorida.org
www.hbifflorida.org
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
Business Model
www.hbifflorida.org
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
Our Offices
Technical Assistance
• ACCIÓN USA• Application Preparation• Business Plan Creation
• Business Concept Presentation
• Export Plan • Legal & Accounting
Structure Assessment• Business & Marketing Plans• Corporate Branding• QuickBooks® Training• Web Page Creation
Education
GrantsLoan Facilitation
• Orientation Sessions• Workshops• Contractors’ Academy
• One-on-one Consulting• Minority Certification
Economic Development
Services
www.hbifflorida.org
PAST FIVE FISCAL YEARS
Jobs Created/Retained 3,909Loans Marketed $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
Impact
www.hbifflorida.org
36%
29%
35%
Corporate Government Earned
17%
49%
34%
2011-2012 2012-2013
Funding Sources
www.hbifflorida.org
Investors’ Circle Sponsors
Platinum Sponsor
Workshop Sponsor Silver Sponsors
Bronze Sponsors
Government Supporters
www.hbifflorida.org
QUESTIONS?786-329-5830
www.hbifflorida.org
Agenda
Who is AccionWhat Accion OffersHow Accion Loans and Services WorkConclusion
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
Client quickly receives critical funding and support
Business Term Loans
Credit Coaching
Financial Education
High Profile
Partners
Community Networks
How Accion Loans and Services Work
Accion: an essential solution for building new client relationships
Fast and Simple Application• Directly with local loan
consultant or online• Average 14 day turn-
around
Tailored Loan Solutions• Flexible requirements • Affordable ACH
payments and no prepayment penalty
• In-house loan operations
Valued Relationships• One-on-one client
attention from start to close
• Ongoing client mentorship
Next Steps
Fabiana EstradaPhone: 305-548-3360Email: festrada@accionusa,comwww.accionusa.org/apply
Michael Carn
.
President and CEOMetroBroward Development
Corporation
THE BEGINNING
COMMUNITY IMPACT
THE CDFI MODEL
LOAN CAPITAL
BUSINESS ASSISTANCE
SMALL BUSINESS LOANS
SUCCESS METRICS
COMMUNITY PARTNERS
CONTACT US
Capture Your DreamThey 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