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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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 $5
million, and the business including affiliates; the business and its
owners have good credit; and the business owners are of good character.
Organization: Small Business Administration
Funded by: Federal Government
Contact: Click
Here
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Short Term Loans and Revolving Lines Of Credit CAPLines Loan Program
Mission: There are five short-term working-capital loan
programs for small businesses under the CAPLines umbrella: Please
see the web site for additional information.
Qualification to use: The vast majority of
businesses are eligible for financial assistance from the SBA. However,
applicant businesses must operate for profit; be engaged in, or propose to
do business in, the United States or its possessions; have reasonable
owner equity to invest; and, use alternative financial resources first
including personal assets. It should be noted that some businesses are ineligible
for financial assistance.
Organization: Small Business Administration
Funded by: Federal Government
Contact: Click
Here
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Small Business Loans
Mission: To provide guaranteed loans to small businesses
which are unable to obtain financing in the private credit marketplace,
but can demonstrate an ability to repay loans granted. Guaranteed loans
are made available to low-income business owners or businesses located in
areas of high unemployment, nonprofit sheltered workshops and other
similar organizations which produce goods or services; to small businesses
being established, acquired or owned by handicapped individuals; and
enable small businesses to manufacture, design, market, install, or
service specific energy measures. The SBA's 7(a) lending authority
includes: 1) the Low Documentation Loan Program (Low Doc); 2) the Cap Line
Program; 3) FA$ 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
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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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