It supplies information on programs and services for a wide variety of audiences, including women entrepreneurs, veterans business development, native americans, special minority programs including hubzone, small Disadvantaged Business Certification and business development. Laws and Regulations, the sba notifies and updates small business owners on issues concerning legislation, regulation and disputes. . This virtual law library gives small business owners access to information such as sba reports and up to date news on the latest laws and regulations affecting small businesses. . Organizations such as the Small Business Advocacy, national Ombudsman, and hearings appeals address issues of concern for small businesses. Furthermore, the sba provides assistance which allows users to easily find compliance information from all major. Federal agencies regulating or serving small businesses.
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Another Online resource is that Small business owners may also post online business cards to essay the sba website as a form of bibliography advertisement for new businesses. . This allows for private consumers to look up small businesses in the online directory. . Once, a business has been found through a search, the website provides the address and contact information for the business in question. The sba offers a variety of programs to help train and counsel small businesses. The score association (Service corps of Retired Executives) is dedicated to entrepreneur education and the formation, growth and success of small business. The Small Business development Centers (sbdcs) provides management advice to existing small business owners. The womens Business Centers (WBCs) assists women in the start and growth of their small businesses. . It acts to level the playing field in the business environment. The sba district Offices are located in every state of the country in order to offer its services to as many small businesses as possible. Special Audiences, the sba is a strong advocate of minority and special audiences. .
Small businesses, however, must meet certain guidelines in order to be considered to sell to the federal government. . The sba provides information and valuable resources for small businesses that help them learn more about government contracting opportunities and its benefits. . For example, the sba educates small business owners on the process and skills required with for obtaining government contracts through various online training courses. Disaster Assistance, the sba also provides assistance to small business owners in times of hardships. . For example, the sba provides low interest disaster loans to homeowners, renters, businesses of all sizes and private, non-profit organizations This loan will help cover expenses to repair or replace real estate, personal property, machinery equipment, inventory and business assets that have been damaged. Online Training, the sba has created the Small Business Training Network (sbtn) in order to provide supplemental information to small business owners. . This online training method consists of a variety of business courses to allow small business owners to operate more effectively and efficiently.
On the Small Business Associations (SBA) website local resources can be found regionally for every state in the United States. . In Texas there are six district offices, which can assist people in starting and running their own companies. . The closest sba office to Bryan/ College Station is the houston branch. . Each district office has a variety of different services that they provide. . The houston branch has local news for entrepreneurs, an events calendar, counseling and training resources, a startup kit, financing, local laws and regulations, disaster management help, online business cards, and a local resources guide. The following are some examples of the tools available to small business through sba. Org: Contracting Opportunities, the sba also assists small businesses in the process of selling goods and services to the federal government. .
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This program allows these small contractors to potentially acquire bids that they would not normally apply for. . A surety bond is a three-party instrument between a surety, the contractor, and plan the project owner. . If the contractor about is unable to successfully complete his contract, the surety is then held liable to perform and complete the contract. Therefore, the sbg program gives sureties an incentive to provide bonding for eligible contractors, and thereby strengthens a contractors ability to obtain bonding and greater access to contracting opportunities. . There are four types of bonds backed by the sba:.
Bid bond which guarantees that the bidder on a contract will enter into the contract and furnish the required payment and performance bonds. Payment bond which guarantees payment from the contractor of money to persons who furnish labor, materials equipment and/or supplies for use in the performance of the contract. Performance bond which guarantees that the contractor will perform the contract in accordance with its terms. Ancillary bonds which are incidental and essential to the performance of the contract. There is a litany of tools and resources available to the small business entrepreneur. .
In addition, the sba regulates sbic (Small Business Investment Company) financing. . This type of investment funds ultimate goal is to generate high returns for their investors. . However, the sba requires that each small business meet the specific requirements and regulations before granted this fund. The sba also describes Certified development Companies as The 504 Certified development Company (CDC) Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A certified development Company is a nonprofit corporation set up to contribute to the economic development of its community or region.
Cdcs work with the sba and private-sector lenders to provide financing to small businesses. There are about 290 cdcs nationwide. Each cdc covers a specific area. . The sba also has a program, which allows for micro-loans, which can range from under 100 dollars, with a maximum of 25,000 dollars. . On average, these micro-loans amount to around 10,000 dollars, and can be processed in less than a week. The sba also establishes the surety bond guarantee (SBG) Program which provides assistance to small and minority contractors. .
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Being more flexible and innovatively equipped our small business keeps America moving forward, and the sba is holding their hand every step of the way. Sba: Services Offered, the sba offers a wide variety of services to every small business owner. . Services including financial assistance, contract opportunities, disaster assistance, online training, counseling assistance, special audiences, laws/regulations, and compliance offer small business owners a vast array of resources to help them in their business endeavors. Financial assistance, the sba offers a variety of financial assistance services for small business owners and focuses paper primarily on a businesss key financing needs including the need for debt financing (loans equity financing, and surety bonds. . Listed below several financial resources:. . The sba assists small business owners finance their debt by collaborating with thousands of lenders. . For the reason that the sba does not hand out loans itself, it uses its relationship with these outside lenders and intermediaries to guarantee them that the loans will be paid.
In 1964, the sba turned toward poverty eradication by erecting the Equal Opportunity loan Program (EOL) to relax credit requirements for Americans living under the poverty line. The objective of this program sports is to encourage business creation that has solid commercial value but would traditionally be unable to receive funding. Since 1960, the sba has grown in terms of services rendered and customization available. They now include outreach to women, minority, and veteran owned business as well as loans to loans and advice to victims of a natural disaster and those involved in international trade. Nearly twenty million businesses received aid from the sba since inception and the agency currently has 219,000 loans outstanding with in excess of 45 billion. . over the part ten years the sba has given out.6 million in loans, which is more than the entire history of the agency prior to 1991. No money lender in the country, and perhaps the world, can claim responsibility for such mass small business and venture capitalist financing. The sba continues to create new services and increase customization. It has become obvious through the history of the sba that, although big business has the upper hand in production and efficiency, small business is where the American dream is kept alive.
and the department of Commerce. These two new agencies focused on education and operated under the assumption that lack of expertise and information is the main source of small business collapse. . As history progressed, new wars created new issues for small business. During the korean war the Small Defense Plants Administration (sdpa) that certified small businesses to the rfc for loans when it had determine the small business could be profitable and competent enough for procurement aid. In 1952, the rfc was abolished and President Dwight Eisenhower created a new agency to continue essential small business aid. This was done on July 30, 1953 when Congress approved the Small Business Act, therefore creating the Small Business Administration (SBA). . According to the text of the act, the sbas function was to aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns, and ensure small business their fair share of procurement and sales of excess property. By 1954, the sba was in full swing and was providing loans, securing government contracts, and providing technical assistance and business training to entrepreneurs. Not too long after, as a result of the discovery that small business could not acquire loans fast or large enough to keep pace with technology, the Investment Company Act of 1958 established the Small Business Investment Company (sbic) under the sba umbrella in order.
Since its founding on July 30, 1953, the. Small Business Administration has delivered about 20 million loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. The sbas first carnation was the reconstruction Finance corporation (RFC) as part of President hoovers minimal write response to the financial pressure of the Great Depression. . The rfc was essentially a government sponsored lending program for all types of businesses hurt by the depression. Fortunately for the program, the rfc was adopted by hoovers more effective successor, Franklin d roosevelt. Fdr appointed some of his best workers to the agency and this special attention would prove critical to the establishment and preparation of the agency for the rough waters that lied ahead for us business. During wwii, large industries began to mass produce low cost war products and this left small business with little resources to compete. In order to level the playing field, congress created a new agency called the Smaller War Plants Corporation (swpc) in 1942.
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The Small Business Administration 1, the. Small Business Administration (SBA) is an independent agency of resumes the federal government created to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The creation of the sba recognizes that small business is critical to our economic recovery and strength, to building Americas future, and to helping the United States compete in todays global marketplace. Although sba has grown and evolved in the years, the bottom line mission remains the same. The sba helps Americans start, build and grow businesses. Through an extensive network of field offices and partnerships with public and private organizations, sba delivers its services to people throughout the United States, puerto rico, the. Virgin Islands and guam. History of the sba. While the sba was founded on July 30th, 1963, the concept of government provided small business development took shape many years earlier in response to pressure from The Great Depression and wwii.