OFFICE of ECONOMIC DEVELOPMENT
Minority and Small Business Enterprise Office
A Small Business Training
and Management Program
James M. Baker, Mayor
OFFICE of ECONOMIC DEVELOPMENT
Minority and Small Business Enterprise Office
City of Wilmington, 800 N. French Street, Wilmington, Delaware 19801
Office (302) 576-2120
lwatson@:LOPLQJWRQ'(JRY
Fax (302) 571-4326
MICRO ENTERPRISE PROGRAM
MISSION
The MLP mission is to promote economic development and neighborhood revitalization by developing a strategicprogram to assist persons to cultivate businesses and create jobs for self-sufficiency and rejuvenate neighborhood base services thus providing stability back into one’s community.
OBJECTIVE
To provide business technical assistance and assistance with access to capital for individuals seeking assistance with business training, development, services and retention.
WHAT IT IS
The Micro Loan Program is an extensive 10-week entrepreneurial training program that provides business support services in the development and management of new and emerging businesses. Technical Assistance training is based on modules that lead to the development of an operable business plan
WHO IS ELIGIBLE
Individuals and businesses that:
• Will provide entry-level employment opportunities to Low and Moderate income individuals;
• Live and /or locate the business in low/moderate income neighborhoods;
• Provide services to low and moderate income households;
• Owners are located or reside within the City of Wilmington
THE PRE-QUALIFICATION PROCESS
The following process has been established:
• Obtain the Program Overview: This provides a summary of the details of the program.
• Submit the Application: Send it in and other requested information by deadline date.
• Interview: An interview is conducted to assess program readiness and business development.
• Qualify: Eligibility is determined and begins 10-week training program at training facility.
• Graduation: A ceremony is held honoring all graduates of the program.
• Monitoring: Annual surveys are conducted to assess business development progress
TECHNICAL TRAINING
Technical training will cover the following areas and is not limited to the inclusion of other topics: Personal Evaluation Cash Flow and Projections
Lifestyle and Self Management Market Demographics Business Plan Basics Sales Forecasting
Managing money and Employees Marketing Basics
Communication Financing Your Business Sales & Presentation Skill Development Computers in Business
APPLICATION PROCESS
WHAT YOU NEED:
Micro Loan Program Application Two proofs of identification
Submit a draft of a business plan or a mission statement of your business intent. Schedule interview with the Micro Loan Director.
Commitment to attend 10-week training Program
Please submit in writing why you want to start or have started a business
(500 words or less):
____________________________________________________________________________________________________ ____________________________________________________________________________________________________ ____________________________________________________________________________________________________NAME: ____________________________________ DATE: ________________________________
_
Return
this
entire
completed
application to: Micro Enterprise Program:
Office Of Economic Development,
3
rdFloor, 800 N. French Street,
Wilmington, Delaware 19801
Official Use Only
EIN No.: _________________________
City License No.: ___________________
MICRO ENTERPRISE PROGRAM APPLICATION
Please complete this form and return it to the City of Wilmington in order to be scheduled for
an interview for the 10-week Micro Enterprise Training Program
(PLEASE TYPE OR PRINT LEGIBLY)
1.
Name
of
Company:
Contact
Person:
2. Federal Employer Identification No.
(Social Security No., if individual):
3.
Address:
4. Telephone:
5.
Address:
5. Fax
Number:
7.
Web
Site:
6. Is this a new Business _______Yes
______No
7. What type of business will you be interested in starting or strengthening?:
8. When do you want to start a business?
9. What type of experience and years do you have in
this
business?:
# of Years
_______________
______________________________________________________________________________________
______________________________________________________________________________________
10. What type of experience do you have in business (in general)?
# of Years _____________
______________________________________________________________________________________
______________________________________________________________________________________
11. Do you have a business plan Yes_______
NO ______
PARTIAL
_______
12. Where would the business be located: ______________________________________________________
13. What type of business or computer skills do you have? _________________________________________
14. How much money will you need to start your business? ________________________________________
15. What resources will you need to finance the business (i.e. savings)?
__________________________________________________________________________________________
__________________________________________________________________________________________
__________________________________________________________________________________________
16. Explain how financing will be secured:
__________________________________________________________________________________________
__________________________________________________________________________________________
17. List your highest level of education, place and diploma or degree received:
_________________________________________________________________________________
18. What type of educational and/or technical assistance do you feel is needed to help you successfully operate
your business?
___________________________________________________________________________________
__________________________________________________________________________________
19. What are your expectations of the City of Wilmington Micro-Enterprise Program?
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
___________________________________________________________________________________
In consideration of the assistance receiv ed through the City of Wilmington’s Micro Loan Technical
assistance training program the applicant hereby certifies and agrees:
To attend the training classes as scheduled and participate in grou p classroom training, discussion
and activities as it relates to the preparation of the business plan:
To cooperate w ith periodic employment and
information mo nitoring requests, and provide
information with respect to the progress of th e development of the b usiness plan. By signing below, I
acknowledge that I understand that all inquiries you de em necessary to verify the information contain ed
herein, and to determine the cred it worthiness of the undersigned authoriz es you to answ er questions
about your credit experience with the undersigned. I also give my permission for the program to use my
photo, and materials in any electronic, media, or pr
int fashion as to promote and market the Micro
Enterprise Training Program and the Small, Minority & Disadvantage Business Enterprise initiatives.
NOTE: Class size is limited and participants selected on a competitive basis.
The following information will be used for statistical purposes:
Age Range 19-25 _________
26-35 _________ 36-45 _________ 46-55
__________
Sex: Male ________
Female ________
Veteran: Yes _______ NO __________
Race: _____Black American ______Hispanic
______ Asian American
_____American Eskimo ______White American ______ American Indian
20. I certify that the information supplied herein is correct and that any changes will be reported
immediately.
(Entrance of name in “NAME” field constitutes acknowledgment)__________________________________
NAME
DATE
Return this completed application to: Micro Enterprise Program, Office Of Economic Development,
3
rd