Continuum of Capital and Support: Find Local, State and Federal Resources for your Startup or Small Business

Background

• US Small Business Administration (SBA) Created by President Eisenhower in 1954

• Helps Americans start, build and grow businesses

• Extensive network: US, PR, VI, Guam• Cabinet Level Administrator• $719 million annual budget• +/- 3,000 employees

Counseling

Capital

Contracting

SBA’s Primary Services

Advocacy

Ombudsman

Disasters

CAPITAL

SBA LOAN & OTHER CAPITAL PROGRAMS

• 7(a) Loans• SBAExpress• Patriot Express• CAPLines• Microloans• Community Advantage• Intermediary Lending Pilot program

• Export Financing• 504 Loan R.E. Loans• Disaster Assistance Loans• SBIC Venture Capital• Surety Bond Guarantees• SBIR & STTR Grants• SBA LINC Loans on Line

MICROLOANS & CAPITAL PROGRAMS IN TEXAS

• PeopleFund• 6 offices in Texas• peoplefund.org• 888.222.0017

• LiftFund• 10 offices in Texas; additional offices in 13 states• liftfund.com• 888.215.2373

• Business & Community Lenders (BCL)• offices in Austin and Dallas• bcloftexas.org• 888.718.0180

• similar microlenders in other states

WHO’S ELIGIBLE?

• Small businesses (size standards)• For profit• Independently owned• Most types of firms• U.S. Citizen/Legal Resident

Economic Development Impact

SBA Capital Programs support (FY 2015):•$28 Billion in business loans•$1.5 Billion in export loans•$6.33 Billion-surety bond guarantees •$8.8 Billion-venture capital investments•$ 2.1 Billion-SBIR/STTR innovation grants (FY 2013)•$372 Million in disaster loans

Famous Prior SBA Clients

Under Armour, AOL, Apple, Ben & Jerry’s, Intel, Federal Express, Nike, Chobani,

Dogfish Head, Amgen, Columbia Sportswear, Staples, Tom’s of Maine,

Stoneyfield, Sports Authority, Outback, Winnebago, Compaq

CONTRACTING:A $500B Market!

Federal Prime Contracting Procurement Goals

• Small Business (SB) - 23%

• Small Disadvantaged Business (SDB) - 5%

• Women-Owned Small Business - (WOSB)- 5%

• HUBZone Small Business - 3%

• Service-Disabled Veteran-Owned SB (SDVOSB) - 3%

Economic Development Impact

• SBA Facilitated more than $91 billion in federal prime contracting for small businesses in FY 2014

• 8(a) —Disadvantaged Business Development Program helps small, socially and economically disadvantaged firms to compete in federal marketplace

• SBA exceeded its 23% goal to achieve 24.99% of $500B

in prime contract awards for small businesses in FY 2015 (approx. $125B).

ADVISING,MENTORING & TRAINING

•SCORE (retired executives network)•Veteran Business Outreach Center•Small Business & Technology Development Centers: over 60 in Texas americassbdc.org•Women’s Business Centers: 5 in Texas•Clusters•ScaleUp•Emerging Leaders•Learning Center•STEP•Microenterprise

SBA RESOURCE PARTNERS help more than 40% of SBA’s Clients (many services at no charge):

• Small Business Development Centers• Women’s Business Centers• City/Municipal Small Business Programs• Chambers of Commerce (regional & ethnic)• Governor’s Office of Small Business

Assistance• Texas Workforce Commission

Continuum of Capital and Support: Local and State Resources for your Startup or Small Business

60+ Small Business Development Centers (SBDCs) in Texas5 Women’s Business Centers in Texas

•Services are provided at no cost (funded by the SBA and local/university partners)•Seasoned business professionals•Business analysis, metrics/benchmarking•Access to capital•Marketing assistance•Mentoring, Coaching

Small Business Development Centers & Women’s Business Centers

Each city will be significantly different

- model, award winning program

•Services are provided at no cost (funded by municipal utilities or other local sources local/university partners)•Seasoned business professionals•Business analysis, metrics/benchmarking•Access to capital•Assistance with permitting and regulations•Marketing assistance•Mentoring, Coaching

City / Municipal Small Business Development Offices

•Statewide connectivity with service providers and stakeholders•Services are provided at no cost•Governor’s Small Business Forums in urban and rural markets sharing timely, relevant, actionable advice to startups and small businesses•Designated by the Texas Legislature as the principal focal point in Texas for small and historically underutilized businesses (minority-owned businesses) by Texas statute•Navigation through Texas agencies, permitting, licensing, regulation, taxation•Access to capital•Texas Small Business Awards•Research and analysis of areas affecting entrepreneurs and startups

Texas Governor’s Office of Small Business

U.S. Small Business Administration•Advised/mentored/trained more than 1 million entrepreneurs•Trained more than 14,000 transitioning Veterans•More than 680,000 jobs supported

Effort & Impact

• SBA One• Scale-up • Accelerator Grants• Start a Business in a Day• InnovateHER• Boots 2 Business / Reboot• Millennials • LGBT community training• Business Smart Toolkit• LINC• Partner Training Portal• Cyber• 8(a) streamlining• Re-entry

What’s new at SBA?

• Affordable Care Act• Small Business Week (1st week of May)• Veterans Small Business Week• Contracting Scorecard• National Women’s Business Council• Native American Affairs• Faith Based partnerships• International Trade/Exporting

What’s ongoing?

SBA

SmartBold Accessible