AMGEN
 

 Washington Metropolitan Area District Office

In April 2012, Congress passed legislation that gives small businesses and startups additional access to equity markets to raise capital through certain vehicles. What Does It Take to Get Venture Capital For Your Small Business? Please join Eva Ngai, Public Information Officer, as she gives an overview of SBA programs and services including SBA’s Small Business Investment Company program. Participants will also hear from Business Strategist Lorette D. Farris and Casey Berman, Camber Creek Managing Director, about the investment vehicles you can use to raise equity capital and the criteria by which your business will be evaluated.

Date:   October 2, 2014
Time:  8:00 a.m. to 10:00 a.m.
Place: The Rayburn Gold Room, Rayburn House Office Building
45 Independence Ave SW, Washington, DC 20515
Main Entrance, Horseshoe Drive off South Capitol Street

For more information and to register, visit https://sagesolutionsgtm.wildapricot.org/event-1737151.  Participation fee: $15.  Advance registration is required.

This workshop is part of a cosponsored initiative between the U.S. Small Business Administration and Sage Solutions GTM, LLC to provide educational training opportunities to small businesses.

Cosponsorship Authorization 14-0353-90. SBA’s participation in this cosponsored activity is not an endorsement of the views, opinions, products or services of any cosponsor or other person or entity. All SBA programs and services are extended to the public on a nondiscriminatory basis. Reasonable accommodations for the disabled will be provided to those who make a request 2 weeks in advance. For more information, contact Tijuana Young at (703) 468-0834.

New Jersey District Office


NJSBDC Logo

WHEN:    Thursday, September 25, 2014
TIME:       9:30 a.m. – 1:00 p.m.
WHERE:  Rutgers University Livingston Campus 
84 Joyce Kilmer Avenue
Student Center – Hall A
Piscataway, NJ  08854
<Register Today>


If you are an existing business owner or entrepreneur who is just starting out, here is your chance to meet with the top SBA lenders who can provide you with the necessary capital to grow or start your business.

This free program is designed to provide individuals that are in business or thinking of starting a business with information on the business loan programs and technical assistance programs offered by the SBA.

Leading area bank lending officers will be on hand to discuss their role in the SBA’s Guaranteed Loan program; SBA’s 504 Certified Development Company loan program; and SBA’s Microloan program. Lenders will discuss:

                                  * What goes into a good loan proposal
                                  * How to increase your chances of getting a loan
                                  * How to get through the loan application process.

Following the presentations, representatives from the SBA; the Small Business Development Center (SBDC) and local SBA Lenders will be available for indi-vidual consultations. Several lenders will be available to meet with you to discuss your lending needs. Business counselors and mentors from the New Jersey Small Business Development Center will be available to review your business plan.

Space is limited, so RSVP today by <Registering Here> Additional information is available through Ursula Sanders by calling her at 973-645-2530 or by emailing her at ursula.sanders@sba.gov.  Once you register, a  free parking permit for that day will be sent to you.

Money: It’s one of the biggest factors in starting a business. How much do you need and what types of financial products does the U.S. Small Business Administration offer? Join Alexandra Piotrowski, Economic Development Specialist from the Washington Metropolitan Area District Office, as she talks about SBA financial products during a panel discussion at the 2nd Annual Food and Beverage Industry Symposium and Expo on August 25, 2014. In addition, she will answer questions from prospective and current entrepreneurs.

Date: August 25, 2014
Time: 8:30 a.m. to 1 p.m.
Place: Walter E. Washington Convention Center
801 Mount Vernon Place NW
Washington, DC 20001

For more information, visit www.entreedc.com or contact Claudia Herrera or Jacqueline Noisette

In 1546, writer, John Heywood was credited for the phrase, “Many hands make light work.” But for small businesses, especially Veteran owned small businesses, very few hands carry a majority of the load. The success or failure of a small business can easily be shaped by the presence or absence of its owner, or a key employee.

With the number of Reservists who own small businesses and have been called to active duty in support of their country, a significant number of them have seen their economic fortunes suffer as a result of their military service. But the good news is that there is relief for these entrepreneurs.

Small businesses that sustained economic losses due to their owner or a key employee being summoned to active duty can apply for a loan of up to $2 million from the U.S. Small Business Administration (SBA).

The SBA provides Military Reservist Economic Injury Disaster Loan (MREIDL) to small businesses affected by the absence of a critical military employee. Applications for MREIDL loans are accepted any time from the date that the member was notified of their call-up to one year after the date of discharge or release from active duty. The loans are designed to allow eligible small business to maintain a current balance on operating expenses that the business could have covered if the business owner hadn’t been called to active duty.

The MREIDL program is managed by the SBA’s Office of Disaster Assistance. The loan is a direct working capital loan, not meant to grow or expand the recipient business, but to maintain the funding of daily operations. It also can’t be used to replace lost profits or refinance long term debt. Interest rates on MREIDL loans are at 4%. No collateral is required to secure MREIDL loans of $50, 000 or less.

Interested Reservist business owners should visit the SBA’s MREIDL portal where they can find more information, including how to apply for the loan. Reservist business owners can also call the SBA’s Disaster Assistance Customer Service Center at (800) 659-2955 or email the office at disastercustomerservice@sba.gov.

WASHINGTON – In just four years the U.S. Small Business Administration’s Patriot Express Pilot Loan Guarantee Initiative has provided more than $633 million in SBA-guaranteed loans to 7,650 veterans to start or expand their small businesses.

Patriot Express, a pilot loan product, with streamlined paperwork, and based on the agency’s SBA Express program, offers an enhanced guaranty and interest rate on loans to small businesses owned by veterans, reservists and their spouses.

“As Independence Day arrives it is only natural for us to reflect on America’s veterans – men and women who have the leadership skills and experience to become successful entrepreneurs and small business owners,” said SBA Administrator Karen Mills.  “The impact of this program the last four years has meant thousands of veterans and their families have had the resources to pursue their dreams as entrepreneurs, and at the same time create jobs and drive economic growth at a critical time for our country.”

Patriot Express was launched June 28, 2007, to expand upon the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses across all its loan programs.  SBA also offers counseling assistance and procurement support each year to more than 200,000 veterans, service-disabled veterans, reservists and members of the National Guard and their spouses.

Patriot Express loans are offered by SBA’s network of participating lenders nationwide and feature one of SBA’s fastest turnaround times for loan approvals.  Patriot Express loans are available for up to $500,000.

The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.  Local SBA district offices can provide lists of Patriot Express lenders in their areas.  Details on the initiative can be found at www.sba.gov/patriotexpress.

To learn more about additional opportunities for veterans available through the SBA, please visit the website at www.sba.gov/vets.