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 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


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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 [email protected].  Once you register, a  free parking permit for that day will be sent to you.

The U.S. Small Business Administration’s Rhode Island District Office and the Rhode Island chapter of AARP are pleased to present two Encore Entrepreneur Month Events!

Learn to Read the Story Your Financial Statements Are Telling You
Tuesday, April 15th – 9:30am – 11:30am
Warwick Public Library
600 Sandy Lane, Small Meeting Room
Warwick, RI  02889

Being able to understand what the numbers in your cash flow statement, and on your balance sheet are telling you is a critical component to understanding just how financially healthy your small business is. Participants will learn the tricks of the trade when it comes to deciphering what your financial statements are really telling you about your business.

Make a Business Plan Part of Your Retirement Plan
Thursday, April 17th – 9:30am – 11:30am
SBA District Office Training Facility
380 Westminster Street, 5th Floor, Room 511
Providence, RI  02903

Many people celebrate retirement by starting their own business. At the core of every successful business is a solid business plan.  Join us as our small business experts show you the building blocks for your successful small business.

Both seminars are presented FREE of charge.  For more information or to register, please call or email Matthew Spoehr at the RI District Office of the U.S. Small Business Administration (401) 528-4561 or [email protected]

With one in four individuals ages 44 to 70 interested in becoming entrepreneurs, and 63 percent of Americans planning to work during retirement, small business ownership has never been a more viable option.  SBA and AARP will offer training and mentoring services older entrepreneurs need to successfully start and grow businesses in order to create jobs.

Starting a business at any age can be a life changing event.  This SBA and AARP initiative will help potential business owners be confident they have addressed important questions as they prepare to pursue their dream of business ownership.  Questions about finance, planning and market analysis should be addressed before men and women invest their time, energy and personal funds to their business.

The U.S. Small Business Administration’s Surety Bond Guarantee Program can help your small business get bonded!  Please join us if your small business has:

  • Limited Financial Resources
  • No Prior Bonded Work Experience
  • Been in Business Less Than Three Years
  • Desire to Increase its Current Bonding Capacity

Join us for an AT&T Connect Webinar discussing:

Contract Bonds

  • What they are and Why they are Required
  • How to Get Pre-Qualified
  • Working Capital & Bank Support

SBA’s Surety Bond Guarantee Program

  • Program Eligibility
  • Required Information
  • Application Process & Fees

Registration is required.  Please register online at http://events.sba.gov/eventmanagement/eventlisting.aspx?state=GA  Events are listed in date order.

Date:                    Thursday, stomach April 17, look 2014

Time:                    10:00 am – 11 am

Location:             VIRTUALLY 

Access:        https://connect16.uc.att.com/sba/meet/?ExEventID=87462470 (copy the link into your browser to attend).

Dial:            (888) 858-2144 & enter meeting code 7462470# to connect by phone.

Prepare in advance for the conference at: https://connect16.uc.att.com/sba/Prepare

For more information please contact Ms. Melanie Bryant at 404-331-0100 Ext. 603 or [email protected].

SBA Show Savings on Fees Waived on Small Business Loans

Small businesses start with passion and ideas. But they need funding to get off the ground. The Small Business Administration (SBA) has been a primary resource used by Veterans and civilians for obtaining loans to fund their startups and existing businesses. While the SBA doesn’t directly loan money to business owners, the SBA does guarantee loans made by participating lending institutions.

The basic program utilized by the SBA for small businesses is the 7(a) loan. The 7(a) loan is the most utilized loan by the SBA because it can be used for a multitude of business purposes. Additionally, it is more easily approved, a plus for business owners who may otherwise have difficulties procuring loans directly from lenders. Small business owners, especially those who are just starting their companies, may not have the cash flow that independent lenders require. The SBA serves to provide lenders with an increased guarantee against a defaulted loan. The 7(a) loans are capped at a maximum of $2 million.

In an effort to promote entrepreneurship, the SBA has also taken the initiative to waive fees on smaller loans. On loans under $150,000 guaranteed through the SBA after October 1, 2013, the fees have been set at 0%.

The SBA recently announced that small business borrowers who have or will receive SBA 7(a) guaranteed loans of $150,000 or less during Fiscal Year 2014 (October 1, 2013 – September 30, 2014) will have saved more than $6.3 million. The SBA contends that this number includes fees that were eliminated on the agency’s smallest loans, including approximately $142,000 in savings to 179 borrowers in the Santa Ana, CA District.

The waived fees are part of the SBA’s initiative to make it more cost effective to originate smaller loans.  In addition to the fees that borrowers typically pay based on the amount guaranteed by the government, the ongoing monthly fee paid by SBA lenders will be eliminated for the entire life of 7(a) loans of $150,000 or less made while the initiative is in effect.

The SBA still includes fees on loans greater than $150, 000. On any loan greater than $150,000 with a maturity of one year or shorter, the fee is 0.25 % of the guaranteed portion of the loan. On loans with maturities of more than one year, the fee is 3% of the SBA-guaranteed portion on loans of $150,000 to $700,000, and 3.5 % on loans of more than $700,000. There is also an additional fee of 0.25 % on any guaranteed portion of more than $1 million.

The SBA believes that fees collected from larger loans are expected to offset any losses sustained from the smaller loans.

To participate in the 7(a) Loan Program, a lender must meet requirements that are indicated in the Code of Federal Regulations.

Active duty military, Veterans and any civilian interested in starting a small business should utilize the SBA’s website, www.sba.gov as a valuable resource.

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