Federal Financial Assistance

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7 (A) Loan Guaranty Program
Mission: 
The 7(a) Loan Guaranty Program is one of SBA's primary lending programs. It provides loans to small businesses unable to secure financing on reasonable terms through normal lending channels. 
Qualification to use: 
Applicant businesses must operate for profit; be engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and, use alternative financial resources first including personal assets.  
Organization: 
Small Business Administration
Funded by: 
The program operates through private-sector lenders that provide loans which are, in turn, guaranteed by the SBA -- the Agency has no funds for direct lending or grants.
Contact: 
Click Here

Business and Industry Loans
Mission:  To assist public, private, or cooperative organizations (profit or nonprofit), Indian tribes or individuals in rural areas to obtain quality loans for the purpose of improving, developing or financing business, industry, and employment and improving the economic and environmental climate in rural communities including pollution abatement and control.
Qualification to use:  
An applicant may be a cooperative, corporation, partnership, trust, or other legal entity organized and operated on a profit or nonprofit basis; an Indian tribe; a municipality, county, or other political subdivision of a State; or individuals in rural areas. Applicants for direct loans must be located in one of the 50 States, Puerto Rico, Virgin Islands, Guam, American Samoa, or the Northern Mariana Islands, in rural areas other than a city, having a population of 50 thousand or more and its immediately adjacent urbanized and urbanizing area with a population density of more than one hundred persons per square mile, as determined by the Secretary of Agriculture according to the latest decennial census of the United States. In addition to the eligible locations for direct loans, applicants for guaranteed loans may also be located in Palau, Micronesia, and the Marshall Islands. Preference is given to loans in open country, rural communities and towns with populations of 25,000 or less, and, on applications of equal priority, to veterans. Applicants must be U.S. citizens or reside in the U.S. after being legally admitted for permanent residence and, if corporations, at least 51 percent owned by such individuals.
Organization:  
Rural Business-Cooperative Service, Department of Agriculture
Funded by:  
Federal Government
Contact: 
Click Here

CAIP Loan Program
Mission:  
The United States Community Adjustment and Investment Program was created to help communities that suffered job losses due to changing trade patterns with Mexico and Canada following the North American Free Trade Agreement (NAFTA). The CAIP promotes economic implementation of the adjustment by increasing the availability and flow of credit and encourages business development and expansion in impacted areas. Through the CAIP, credit is available to businesses in eligible communities to create new, sustainable jobs or to preserve existing jobs.
Qualification to use:  
Eligible recipients must be located in, or relocating to, a specific geographic area designated by the U.S. Treasury and the NAD Bank. The CAIP program has a jobs criterion. To be eligible, all applicants must provide a written estimate that the number of jobs to be created or preserved within 24 months of the loan's disbursement must not exceed $70,000 of federally guaranteed funds per job created or preserved. All jobs preserved must be at risk due to changing trade patterns.
Organization:  Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Certified Development Company (504) Loan Program
Mission:  
The 504 Certified Development Company (CDC) Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses.
Qualification to use:  
To be eligible, the business must be operated for profit and fall within the size standards set by the SBA. Under the 504 Program, the business qualifies as small if it does not have a tangible net worth in excess of $7 million and does not have an average net income in excess of $2.5 million after taxes for the preceding two years. Loans cannot be made to businesses engaged in speculation or investment in rental real estate.
Organization:  Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Enhanced SBAExpress Loan Program
Mission:  
SBAExpress loans help small businesses start, build or grow.
Qualification to use:  
To qualify for the program, a business must meet the SBA's industry size standards. These standards are based on the average number of employees over the preceding 12 months or the average sales over the previous three years.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Export Working Capital Program (EWCP)
Mission:  
The SBA's Export Working Capital Program (EWCP) supports export financing to small businesses when that financing is not otherwise available on reasonable terms. The program encourages lenders to offer export working capital loans by guaranteeing repayment of up to $1 million or 90 percent of a loan amount, whichever is less. A loan can support a single transaction or multiple sales on a revolving basis.
Qualification to use:  
Applicant businesses must operate for profit; be engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and, use alternative financial resources first, including personal assets.  Plus other requirements, see web page.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact:
Click Here

Indian Economic Development
Mission:  
To assist Federally Recognized Indian Tribal Governments to develop resources to improve their economies through administration of credit programs and other economic development assistance activities.
Qualification to use: 
Federally Recognized Indian Tribal Governments.
Organization:  
Bureau of Indian Affairs, Department of the Interior
Funded by:  
Federal Government
Contact: 
Click Here

Indian Employment Assistance
Mission:  
To provide vocational training and employment opportunities to eligible American Indians and reduce Federal dependence.
Qualification to use: 
 Federally Recognized Indian Tribal Governments and Native American Organizations authorized by Indian Tribal Governments may apply to administer the program. Individual American Indian applicants must be a member of a Federally Recognized Indian Tribe, be in need of financial assistance, and reside on or near an Indian reservation under the jurisdiction of the Bureau of Indian Affairs.
Organization:  
Bureau of Indian Affairs, Department of the Interior
Funded by:  
Federal Government
Contact: 
Click Here

Indian Loans: Economic Development
Mission:  
To provide assistance to Federally Recognized Indian Tribal Governments, Native American Organizations, and individual American Indians in obtaining financing from private sources to promote business development initiatives on or near Federally Recognized Indian Reservations.
Qualification to use:  
Federally Recognized Indian Tribal Governments, Native American Organizations authorized by Indian tribal governments, and individual American Indians.
Organization:  
Bureau of Indian Affairs, Department of the Interior
Funded by:  
Federal Government
Contact: 
Click Here

International Trade Loans
Mission:  
If your business is preparing to engage in or is already engaged in international trade, or is adversely affected by competition from imports, the International Trade Loan Program is designed for you.
Qualification to use:  The vast majority of businesses are eligible for financial assistance from the SBA. However, applicant businesses must operate for profit; be engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and, use alternative financial resources first including personal assets. It should be noted that some businesses are ineligible for financial assistance.  See web page for other requirements.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Management and Technical Assistance for Minority Business Enterprises
Mission:  
(1) To support increased participation of minority, and women-owned small businesses and operated business enterprises (MBE's); (2) to develop energy-related minority small business assistance programs; (3) to encourage public/private partnerships to provide technical assistance to MBE's; (4) to transfer applicable technology from national Federal laboratories to MBE's; and (5) to increase DOE's high technology research and development contracting activities.
Qualification to use:  
Minority business enterprises may apply.
Organization:  
Office of Minority Economic Impact, Department of Energy
Funded by:  
Federal Government
Contact: 
Office of Economic Impact and Diversity, Department of Energy, ED-1, Forrestal Bldg., Room 5B-110, Washington, DC 20585. 
Sterling Nichols. Phone: (202) 586-8698
Click Here

Minority Business Development
Mission:  
The resource development activity provides for the indirect business assistance programs conducted by MBDA. These programs encourage minority business development by utilizing entities that identify and develop private markets and capital sources; expand business information and business services through trade associations; promote and support the mobilization of resources of Federal agencies and State and local governments at the local level; and assist minorities in entering new and growing markets.
Qualification to use:  
Applicants eligible to provide services under this program are established businesses, professional organizations, individuals, trade associations and chambers of commerce.
Organization:  
Minority Business Development Agency, Department of Commerce
Funded by:  
Federal Government
Contact: 
Click Here

Minority Business Development Centers
Mission:  
To provide electronic and one-on-one business development services for a nominal fee to minority firms and individuals interested in entering, expanding or improving their efforts in the marketplace. Minority Business Development Center operators provide a wide range of services to clients, from initial consultations to the identification and resolution of specific business problems.
Qualification to use:  
There are no eligibility restrictions for this program. Applicants eligible to operate the Centers may include individuals, nonprofit organizations, for-profit firms, local and State governments, American Indian Tribes, and educational institutions.
Organization:  
Minority Business Development Agency, Department of Commerce
Funded by:  
Federal Government
Contact: 
Click Here

Minority Business Opportunity Committee
Mission:  
To facilitate opportunities for minority businesses through the utilization of Federal, State and local governmental entities, and private sector organizations, that provide minority business owners/individuals with enhanced access to the marketplace by identifying and facilitating procurement and contract awards, marketing and sales opportunities, financing resources, potential joint venture partners, timely market leads and other current business information; to promote relationship building and sharing of business information between organizations in a geographic service area, conducting substantial purchasing activity; to assist in the identification of sources of capital; conduct media outreach, disseminate economic data, sponsors workshops, conferences and seminars within service area; maintain inventories of resources such as bid opportunities, sources of debt and equity funds, business ownership possibilities such as franchises, and prospective joint venture partners.
Qualification to use:  
Applicants for this program are Federal, State or local government entities or quasi governmental entities, American Indian Tribes, colleges, universities, and nonprofit organizations.
Organization:  
Minority Business Development Agency, Department of Commerce
Funded by:  
Federal Government
Contact: 
Click Here

SBA Export Express
Mission:  
SBA Export Express helps small businesses that have exporting potential, but need funds to buy or produce goods, and/or to provide services, for export. Loan proceeds may be used for most business purposes, including expansion, equipment purchases, working capital, inventory or real estate acquisitions.
Qualification to use:  
SBA Export Express loans are available to persons who meet the normal requirements for an SBA business loan guaranty. Loan applicants must also –demonstrate that the loan proceeds will enable them to enter a new export market or expand an existing export market, and have been in business operation, though not necessarily in exporting, for at least 12 months.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

SBALowDoc Loan Program
Mission:  
Further streamlines the making of small business loans.  The maximum loan-$150,000.  Calls for a response from the SBA within 36 hours of receiving a complete application.  Guaranty percent follows 7(a) policy
Qualification to use:  
The purpose of the loan is to start or grow a business;The existing business employs no more than 100 people, has average annual sales for the preceding three years not exceeding $5 million, and the business including affiliates; the business and its owners have good credit; and the business owners are of good character.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Short Term Loans and Revolving Lines Of Credit CAPLines Loan Program
Mission:  
There are five short-term working-capital loan programs for small businesses under the CAPLines umbrella:  Please see the web site for additional information.
Qualification to use:  
The vast majority of businesses are eligible for financial assistance from the SBA. However, applicant businesses must operate for profit; be engaged in, or propose to do business in, the United States or its possessions; have reasonable owner equity to invest; and, use alternative financial resources first including personal assets. It should be noted that some businesses are ineligible for financial assistance.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Small Business Loans
Mission:  
To provide guaranteed loans to small businesses which are unable to obtain financing in the private credit marketplace, but can demonstrate an ability to repay loans granted. Guaranteed loans are made available to low-income business owners or businesses located in areas of high unemployment, nonprofit sheltered workshops and other similar organizations which produce goods or services; to small businesses being established, acquired or owned by handicapped individuals; and enable small businesses to manufacture, design, market, install, or service specific energy measures. The SBA's 7(a) lending authority includes: 1) the Low Documentation Loan Program (Low Doc); 2) the Cap Line Program; 3) FA$ TRAK Program, formerly the Small Loan Express; 4) the Women's Prequalification Program; and 5) Minority Prequalification Program.
Qualification to use:  A small business is eligible, which is independently owned and operated and not dominant in its field. Generally, SBA size standards for manufacturers range from 500 to 1,500 employees, depending on the industry; for wholesalers up to 500 employees is allowed, retailers and service concerns having revenues of $3,500,000 and in certain cases up to $21,500,000, may be considered small; and depending upon the type of industry, agricultural enterprises have size standards from $500,000 to $3,500,000 in annual receipts.
Organization:  
Small Business Administration
Funded by:  
Federal Government
Contact: 
Click Here

Tribal Work Grants
Mission:  
To allow eligible Indian Tribes and Alaska Native organizations to operate a program to make work activities available.
Qualification to use:  
An Indian Tribe or Alaska Native organization that conducted a Tribal JOBS (Job Opportunities and Basic Skills Training) Program in fiscal year 1995.
Organization:  
Administration for Children and Families, Department of Health and Human Services
Funded by:  
Federal Government
Contact: 
Click Here



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