Welcome To
America’s Small
Business Resource
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Counseling and Training
Government Contracting
Financing
Disaster Assistance
Exporting
Online Assistance
Advocacy
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SCORE Business Counselors to America
3 chapters in Colorado
www.scoredenver.org
(303) 844-3985
Small Business Development Centers (SBDC)
14 centers in the Colorado
www.coloradosbdc.org
Women’s Business Center hosted by Mi Casa Resource Center
Denver, CO
www.micasadenver.org
DID YOU KNOW…
• The world’s largest buyer of goods and services is the Federal
Government, with purchases totaling more than $500 billion per year.
• Contracts exist for every item imaginable, from paper clips to
armored tanks
• Federal agencies are required to establish contracting goals, with at
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Self-Certified:
•
Small Business
•
Veteran / Service
Disabled Veteran
•
Woman Owned Small
Business (WOSB)
SBA Certified:
•
8(a)
•
HUBZone
How to self- certify: MUST register in the System for Award Management (SAM) www.sam.gov
Goals (percent of Federal
Contracting Dollars):
•
23%
•
3%
•
5%
•
5%
•
3%
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Procurement Assistance
Government Contracting Programs – 8(a) Program
The 8(a) team at the Colorado District office currently has 132 active firms. This past year, 7 of their firms were recognized in Denver Business
Journal’s Top 20 Minority-Owned Businesses in CO.
2010 - 339 Contracts worth $1.06 billion
2011 - 339 Contracts worth $871 million
2012 - 348 Contracts worth $1.20 billion
2013 – 288 Contracts worth $1.04 billion
Loan Guarantee Program
12 different loan programs
Up to $5 million guaranty
For start-up & existing
businesses
How does this process work?
• Step 1– Work with SBA and our resource partners to
develop a finalized business plan
• Step 2 – Visit your bank or lending institution to
discuss financing options
• Step 3 – Lender decides whether to work with you on
a traditional loan or seek an SBA guarantee
• Step 4 - Lender contacts SBA to obtain SBA
guarantee
• Step 5 – If approved, lender works with you on loan
closing
FY2013
Total
Total Loans
1,388 (#)
$622.6 million
If you’ve been turned down by a bank, these offer small loans for start-ups and existing business up to $50,000
• Can be used for inventory, supplies, furniture, machinery, equipment, working capital, salaries, rent
• Cannot be used for payment of debt and real estate purchases • Interest Rates between 8-13%
Micro loan intermediaries:
Colorado Enterprise Fund (SBA funded) Region 10 Leap (SBA funded)
Acción
Rocky Mountain Micro Finance Institute (RMMFI)
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• Takes higher risks in exchange for potential higher returns • Has a longer investment horizon than traditional financing
• Actively monitors portfolio companies via board participation, strategic marketing, governance, and capital structure
For more information on the SBIC Program, please visit
http://www.sba.gov/content/sbic-directory Metric Loans (no equity features) Debt with Equity features Equity Typical Financing Size Over 3 Year Period $250,000 to $10 million $250,000 to $10 million $100,000 to $5 million Typical Cost of Financing Interest 9 to 16% Interest 10 to14% Equity Maximum: 19% Maximum: 14%
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Program Achievements & Success Stories
In Fiscal 2013:
• The SBA issued $1.82 billion in new commitments to SBICs • $2.83 billion in financing dollars were invested in small
businesses
• 1,339 small businesses were financed • An estimated 56,211 jobs were created • ...all at ZERO cost to taxpayers...
• The program's "success stories" include thousands of small businesses and a few of the more recognizable names:
Staples AOL FedEx
Jenny Craig Costco Callaway Cutter & Buck Amgen Apple
Sun Microsystems Intel
Outback Steakhouse Build-a-Bear Workshop
For more information on the SBIC Program, please visit
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•
SBIR has helped thousands of small
businesses to compete for federal research
and development awards
• Some SBIR success stories:
• Artium Industries - High Sensitivity
Laser-Induced Incandescence Instrument
• Atometric, Inc. - Micro/Meso Scale
Manufacturing
• MicroFab Technologies, Inc. - Polymeric
Coating by Ink Jet Printing
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•
Companies supported by the SBIR Program
generate some of the most important
breakthroughs each year in the U.S.
•
About 25 percent of R&D Magazine’s Top
100 Innovations come from SBIR-funded
small businesses.
For more information on the SBIR Program,
please visit:
http://www.sbir.gov
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Direct, low interest loans for:
Homeowners
Renters
Business of all sizes
Non-profits
Physical Disaster Business Loans Economic Injury Disaster Loans
FY2013
Colorado Disaster Loans # $
Home Loans 1402 $61.17 million
Business Loans 184 $10.92 million
Total 1586 $72.09 million
In the case of a disaster prepare yourself, your belongings, and your business
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U.S. Export Assistance Center
helps small businesses with the information, counseling, and loans they need to compete in the global marketplace. Assistance available:• Trade Counseling
• Planning and Strategy
• Legal and Regulatory Issues
• Documentation and Product Requirements • Trade Finance and Insurance
• Personalized Business Matchmaking • Trade Missions
• Trade Shows
• Country and Industry Reports • Customized Market Research • Trade Data and Analysis
www.export.gov/colorado
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Office of Advocacy
Advocate of small business concerns to Congress, White House, and Federal Agencies.
http://www.sba.gov/advocacy
John Hart, Regional Advocate
National Ombudsman
Works with Small Business to change regulations that are overly burdensome
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FREE Online Courses for Small Business Owners
Starting a Business
Writing a Business Plan
Contracting
Franchising
Disaster Recovery
Accounting
Financing of Loans
Marketing and Pricing
Taxes-understanding how and why you pay
Planning Your Exit
http://www.sba.gov/tools/sba-learning-center
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U.S. Small Business Administration
Colorado District Office
303-844-2607
www.sba.gov
Small business’s partner for success
Lonnie Koyama
Lead Economic Development Specialist Phone: 303-844-2607 ext. 205
