MAINE - The SBA: Streamlining and Simplifying ppt

BUSINESS RESOURCE RESOURCE SMALL SMALL MAINE www.SBA.gov • connect with us @ facebook.com/SBAgov twitter.com/sbagov youtube.com/sba The SBA: Streamlining and Simplifying page 33 Counseling Capital Contracting PAGE 8 PAGE 16 PAGE 34 SMALL BUSINESS content 2012-2013 MAINE Advertising Phone: 863-294-2812 • 800-274-2812 Fax: 863-299-3909 • www.sbaguides.com Staff President/CEO Joe Jensen jjensen@reni.net English/Spanish Small Business Resource Advertising Nicky Roberts nroberts@reni.net Martha Theriault mtheriault@reni.net Kenna Rogers krogers@reni.net Production Diane Traylor dtraylor@reni.net SBA’s Marketing Office: The Small Business Resource Guide is published under the direction of SBA’s Office of Marketing and Customer Service. Director of Marketing Paula Panissidi paula.panissidi@sba.gov Editor Ramona Fortanbary ramona.fortanbary@sba.gov 202-619-0379 Graphic Design Gary Shellehamer gary.shellehamer@sba.gov SBA’s participation in this publication is not an endorsement of the views, opinions, products or services of the contractor or any advertiser or other participant appearing herein. All SBA programs and services are extended to the public on a nondiscriminatory basis. Printed in the United States of America While every reasonable effort has been made to ensure that the information contained herein is accurate as of the date of publication, the information is subject to change without notice. The contractor that publishes this guide, the federal government, or agents thereof shall not be held liable for any damages arising from the use of or reliance on the information contained in this publication. SBA Publication # MCS-0018 This publication is provided under SBA Contract # SBAHQ05C0014. R eni Publishing Publishers of Small Business Resource FEATURES 4 Introduction 4 Administrator’s Message 6 District Director’s Letter 8 Counseling Getting Help to Start Up, Market and Manage Your Business 8 SBA Resource Partners 11 SBA’s Online Tools and Training 12 Reaching Underserved Communities 14 Are You Right for Small Business Ownership? 15 Writing a Business Plan 16 Capital Financing Options to Start or Grow Your Business 16 SBA Business Loans 18 What to Take to the Lender 25 Small Business Investment Company Program 26 Small Business Innovation Research Program 26 Small Business Technology Transfer Program 26 Surety Bond Guarantee Program 30 SBA Loan Program Chart 32 SBA Lenders Program Chart 33 Feature Article The SBA: Streamlining and Simplifying 34 Contracting Applying for Government Contracts 34 How Government Contracting Works 35 SBA Contracting Programs 39 Getting Started in Contracting 40 Disaster Assistance Getting Back on Your Feet After a Disaster 41 Advocacy and Ombudsman Watching Out for Small Business Interests 42 Additional Resources Taking Care of Start Up Logistics 45 Business Organization: Choosing your Structure 48 Other Assistance 51 Lender Listing Visit us online: www.sba.gov/me 2 — Small Business Resource MAINE On the Cover: Welder Scott Belden at work at the manufacturing facility of his employer, Tulsa, Okla based Economasters, LLC. [...]... 04210 20 7-7 8 3-9 186 • 20 7-7 8 3-5 211 Fax www.avcog.org Community Concepts, Inc 1 7-1 9 Market Sq./P.O Box 278 South Paris, ME 04281 20 7-7 4 3-7 716 or 80 0-8 6 6-5 588 20 7-7 4 3-6 513 Fax www.community-concepts.org Coastal Enterprises, Inc 36 Water St./P.O Box 268 Wiscasset, ME 0457 8-0 268 20 7-8 8 2-7 552 cei@ceimaine.org www.ceimaine.org Eastern Maine Development Corporation 40 Harlow St Bangor, ME 0440 1-5 102 20 7-9 4 2-6 389... or 80 0-3 3 9-6 389 20 7-9 4 2-3 548 Fax www.emdc.org 262 Harlow St./P.O Box 1162 Bangor, ME 0440 2-1 162 20 7-9 7 3-3 500 or 80 0-2 1 5-4 942 20 7-9 7 3-3 699 Fax www.mainestreamfinance.org 11 W Presque Isle Rd./P.O Box 779 Caribou, ME 04736 20 7-4 9 8-8 736 or 80 0-4 2 7-8 736 20 7-4 9 3-5 784 Fax www.nmdc.org SMALL BUSINESS INVESTMENT COMPANY PROGRAM There are a variety of alternatives to bank financing for small businesses The Small... funded by these organizations, and they make the decisions to approve or not approve the applicants’ requests The SBA guaranty reduces the lender’s risk of borrower non-payment If the borrower defaults, the lender can request the SBA to pay the lender that percentage of the outstanding balance guaranteed by the SBA This allows the lender to recover a portion from the SBA of what it lent if the borrower... 0457 8-0 268 20 7-8 8 2-7 552 • 20 7-8 8 2-7 308 Fax www.ceimaine.org Jim Maxwell 183 Newhall Rd Wells, ME 04090 20 7-6 4 6-5 988 • 20 7-6 4 1-0 981 Fax www.granitestatedev.com Pine Tree State Certified Development Corporation Field Rider 120 Exchange St., Ste 205 Portland, ME 04101 20 7-7 7 3-3 104 frider@megalink.net www.pinetreestatecdc.com MaineStream Finance Androscoggin Valley Council of Governments Northern Maine. .. price and other factors generally wins the contract Types of Contracts Firm fixed-price contracts place the full responsibility for the costs and risk of loss on the contractor Firm fixed-price contracts do not permit any adjustment on the basis of the contractor’s costs during the performance of the contract It provides maximum incentive for the contractor to control costs and perform effectively and. .. several ways a lender can apply for a 7(a) guaranty from the SBA The main differences between these methods are related to the documentation the lender provides, the amount of review the SBA conducts, the amount of the loan and the lender responsibilities in case the loan defaults and the business’ assets must be liquidated The methods are: • Standard 7(a) Guaranty • Certified Lender Program • Preferred... staff at their local U.S Export Assistance Center (USEAC) to discuss whether they are eligible for the EWCP and whether it is the appropriate tool to meet their export financing needs Participating lenders review/approve the application and submit the request to SBA staff at the local USEAC U.S Export Assistance Center There are 20 U.S Export Assistance Centers located throughout the U.S They are staffed... www.sba.gov/504 24 — Small Business Resource MAINE Visit us online: www.sba.gov/me U.S Small Business Administration Maine District Office 68 Sewall St., E S Muskie Federal Bldg., Rm 512 Augusta, ME 04330 20 7-6 2 2-8 551 • 20 7-6 2 2-8 277 Fax www.sba.gov/me Eastern Maine Development Corporation 40 Harlow St Bangor, ME 0440 1-5 102 20 7-9 4 2-6 389 or 80 0-3 3 9-6 389 Maine Only 20 7-9 4 2-3 548 Fax www.emdc.org Coastal Enterprises,... expand a small business themselves and must combine what they have with other sources of financing These sources can include family and friends, venture-capital financing, and business loans This section of the Small Business Resource guide discusses SBA’s primary business loan and equity financing programs These are: the 7(a) Loan Program, the Certified Development Company or 504 Loan Program, the. .. yourself with the SBA’s business loan programs to see if they may be a viable option Keep in mind the dollar amount you seek to borrow and how you want to use the loan proceeds The three principal players in most of these programs are the applicant small business, the 16 — Small Business Resource MAINE lender and the SBA The agency guarantees a portion of the loan (except for microloans) The business . 9300 Portland, ME 0410 4-9 300 Location: 501 Forest Ave., Portland 20 7-7 8 0-4 420 • 20 7-7 8 0-4 810 Fax 80 0-6 79-SBDC Infoline 20 7-7 8 0-5 646 TTY mainesbdc@usm .maine. edu www.mainesbdc.org. Rd. Machias, ME 0465 4-0 679 88 8-2 6 9-0 566 Maine SBDC at University of Southern Maine (USM) - Portland P.O. Box 9300 Portland, ME 0410 4-9 300 Location: 501