AMGEN
 

SBA Los Angeles District Office

Women Veteran Entrepreneurial Network

 November 6, 2014 · 8:00 am – 5:00 pm
Bob Hope Patriotic Hall · 1816 Figueroa St · Los Angeles

Our team of small business experts delivers advice on how to start and grow your business.

Gain valuable, expert insight on finding financing, applying for government certifications, and other resources for Women Veteran Entrepreneurs and military spouses. This one-day training will:

  • Provide skills and business training for 200 women veterans;
  • Connect participants with community-based training;
  • Connect participants to capital resources; and
  • Network women veterans with each other for ongoing support.

Join us for a full day of training including continental breakfast and lunch.

Whatever stage your business is in, we’ll have interactive, informative sessions that will give you concrete steps to move your business forward.

  • Start Up – from the ‘I’ve got an idea stage’ to in business less than a year
  • Stable – in business for less than three years, but I’m up and running
  • Stretch – ready to stretch my wings and grow my businesses

Use this link for complimentary registration and to find more information: bit.ly/cameowoven.

Washington Metro Area SBA District Office

Are you interested owning a small business franchise? Need basic information on what to do next, costs, and where to go for assistance? Join the Small Business Administration and the Women Business Center of Northern Virginia to learn what it takes to pursue franchise opportunities.  We will have a representative from FRANET, and feature successful businesses franchise owners, sharing their stories of sustainability, growth, pitfalls, and rewards.

AND THAT’S NOT ALL….

We will have a representative from SCORE discussing commercial leasing language.

Title:     Veteran’s Workshop on Starting a Franchise
When:   Monday, November 3, 2014
Time:    10:00 a.m. – 12:00 noon

Where:  U.S. Small Business Administration
409 3rd Street, SW, (Eisenhower Conference Room B)
Washington, DC  20024

There is no charge to attend but advance registration is required.  To register please send an email to WMADOEE@sba.gov, with the Subject: Veteran’s Workshop on Starting a Franchise.

The U.S. Small Business Administration is conveniently located on the Orange, Silver, and Blue Metro Lines at the Federal Center SW station.  Please plan to arrive at least 15 minutes early to allow time to go through security.

Reasonable accommodations will be provided to those who make a request by Monday, October 27, 2014, to shuraie.mackin@sba.gov.

SBA extends loan programsRecently, the U.S Small Business Administration (SBA) announced that fee relief for small business loans made to Veterans will be extended through fiscal year 2015, and that programs for its Veterans Advantage program will be enhanced.

Last year, the SBA implemented its zero-fee loans for Veteran owned small businesses on 7(a) loans of $150,000 or less. This benefit was supposed to expire on September 30, 2014. The continuation of the loan relief was slated to extend from October 1, 2014 to September 30, 2015.

“We zeroed out fees on loans of less than $150,000 to any 7(a) borrower because we don’t want SBA fees to be an impediment to getting capital out to communities where it can make a game-changing difference, especially to our underserved communities, who use these small dollar loans more frequently,” said SBA Administrator Maria Contreras-Sweet.  “We also owe a debt of gratitude and so much more to our service men and women, and veterans who are the cornerstone of small business ownership. This fee relief will continue to help veterans business owners who grow their businesses, create jobs in their communities, and put their training and passion for our country to work in their neighborhoods.”

As of the middle of September, the SBA had guaranteed more than 28,800 loans under $150,000 for a total of over $1.74 billion in FY 2014. These totals are up from FY 2013, when the SBA guaranteed $1.34 billion for 23,337 loans under $150,000.

For loans larger than $150,000, the SBA will continue to offer an annual servicing fee at 0.519% of the guaranteed portion of the outstanding balance of the loan. The upfront guarantee fee will continue to depend on both the amount and the maturity of the loan.

The SBA will also continue to offer zero upfront guaranty fee on all SBA Express loans to veterans, on loans of $150,000 up to $350,000 through FY2015.

One of the other enhancements that the SBA is implementing is the upfront guaranty fee for non “SBA Express” loans $150,000 up to $5 million, which will be reduced by 50%. There is no reduction on the annual servicing fee for loans over $150,000.

The SBA determined that 70% of its loans made to Veterans are $350,000 or less. In FY 2014, the SBA had guaranteed 153 loans for $38,861,900 through its Veterans Advantage program. Fee relief for these loans resulted in savings to borrowers of about $571,000.

For further information on all SBA programs and services, visit the SBA website at www.sba.gov, or contact your local SBA field office.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: SBA Extends Loan Programs: By Debbie Gregory

Maria-Contreras-SweetOn Thursday, October 16, 2014, the U.S. Small Business Administration (SBA) announced the launch of “Destination: HUB.”

Since 1998, the SBA’s HUBZone program has served small businesses in urban and rural communities to gain preferential access to federal procurement opportunities. The program encourages economic development and employment growth in “Historically Underutilized Business Zones” by providing opportunities for companies to become active participants in the federal supply chain.

“Destination: HUB” will promote and highlight HUBZones for opportunities in federal procurement, according to SBA Administrator Maria Contreras-Sweet

“More than any other SBA initiative, the HUBZone Program has been a critical resource, creating jobs, alleviating poverty and reducing unemployment in our nation’s most vulnerable communities.  The program has had a transformational effect on small businesses all across the country. SBA’s Destination: HUB will put a spotlight on our underserved small businesses and promote HUBZones as ideal places for government contractors to do business,” Contreras-Sweet said.

The SBA maintains a goal of providing 3% of the federal government contracts to HUBZone businesses. According to Contreras-Sweet, HUBZone businesses only received 1.7% of federal contracts in 2013. The new initiative is intended to better aid the SBA in achieving, or even exceeding, its goal.

Destination: HUB will promote HUBZone firms in federal contract opportunities, while ensuring government officials, federal buyers, prime contractors, and local economic development boards cooperate to bring more awards directly for HUBZone businesses.

In an effort to generate maximum effectiveness, Destination HUB will consist of three major components.

1) Examining the successes and needs in the HUBZone program.

2) Analyzing the ideal situations for successful HUBZone collaboration, using the power of public and private partnerships and market research to recruit more firms for HUBZone participation.

3) Launching an educational initiative, in collaboration with community organizations, faith leaders, local economic development, and key stakeholders, to encourage participation in and inspire collective ownership of, the HUBZone program, at both the regional and national levels.

It is the hope of Contreras-Sweet that Destination HUB will further the SBA’s effort to improve access to capital and close opportunity gaps in communities of color by empowering entrepreneurs and small business owners’ economic and social mobility through employment and business growth.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: New SBA Initiative: By Debbie Gregory

T4NGAs many business owners in the technology industry know, the Department of Veterans Affairs (VA) has issued a Request for Information (RFI) for tech companies in support of their impending $22.3 billion IT overhaul. All RFI submissions were due on August 28th, and the VA’s Technology Acquisition Center recently held an Industry Day for upcoming bidders.

The VA has dubbed the project the Transformation Twenty-One Total Technology Next Generation (T4NG) contract. The T4NG contract will be an Indefinite Delivery, Indefinite Quantity (IDIQ) Multiple Award Task Order contract. For T4NG, the VA is looking for contractors to provide total IT services solutions, including the following functional areas:

  • Program management
  • Systems and software engineering
  • Software technology demonstration and transition
  • Test and evaluation
  • Independent verification and validation
  • Enterprise network and enterprise management framework
  • Operations and maintenance
  • Cyber security
  • Training
  • Information technology facilities
  • Other solutions encompassing the entire range of IT and Health IT requirements, including software/hardware incidental to the solution

At the Industry Day for the contract, the importance of employing Veterans was stressed to potential vendors. The evaluation factors for vendors will include technical, past performance, Veterans involvement, Veterans employment, small business participation commitment, and price.

The VA announced plans to award up to 20 IDIQ contracts under T4NG, which will be good for an initial five year period, with an option for an additional five years.

The VA is reserving twelve spots strictly for small businesses. There are also eight reserved contracts for companies that  are Veteran-owned, four for Veteran-owned small businesses, and four for Service-Disabled Veteran-owned small businesses.

The VA plans to release the T4NG draft request for proposals soon, with proposals due December, 2014. The announcement for awarding contracts is expected by December, 2015.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service-Disabled Veteran-Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: VA’s Multi-Billion Dollar Contract Proceeds: By Debbie Gregory