Encore Entrepreneur Day2015

SBA Resourcesfor

America’s Entrepreneurs

South Florida District Office

Mission & Goals

The U.S. Small Business Administration was created in 1953 as an independent agency of the federal government.

Our mission is to maintain and strengthen the nation’s economy by enabling the establishment and vitality of small businesses, and by assisting in the economic recovery of communities after disasters.

Goal 1Growing businesses and

creating jobs

Goal 2Serving as the voice for

small businesses

Goal 3Building an SBA that

meets the needs of small businesses

Small Business Stats

What is a Small

Business? How many are

there?What is the

Impact on U.S.

Economy?

An Independent business with

fewer than 500 employees. Government contracting

programs have different

definitions

• 28.2 million in the U.S

• 99.7 % of U.S. Employer firms

• Create 63% of Net new private-sector jobs

• 98% of firms export goods

Major Lines of Business

Capital

$165.19 Billion Loans approved in last 6 years

More than 277,044 small

businesses supported

Under President Obama, SBA has supported $5.6 billion in export

financing

Contracting

FY14 - Exceeded 23% federal goal for

1st time; 25% achieved!

$91.7Billion in SB contracts

awarded

$62 Billion increase over

preceding years

Counseling

FY 2014 - 70,000 jobs created or retained

$4.7 billion in financing to

Resource Partner clients

in FY 2014

FY 2014 - Helped start more than

13,500 new companies

SBA 3’Cs

Capital Access

Types of SBA Loans

• From starting up or expanding your business to recovering from disasters, SBA loan programs are available to help your business succeed

Traditional Lending

• Provides loans up to $50,000 to help small businesses start up and expand. The average microloan is about $13,000Micro Loans

• Privately owned and operated SBICs use their own capital and funds borrowed from the SBA to provide financing to small businesses in the form of equity securities and long-term loans.

SBIC

• SBA has several loan programs specifically designed to help develop or expand trade and export activities- with loans ranging from $500,00 to $5 million. Export Loans

Contracting

Finding Customers

• Assist small business with obtaining government contacts. Participants can receive sole-source contracts, up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing

8(a) Business Development

Program

• The HUBZone program promotes economic development and employment growth in distressed areas by providing certified small businesses located in Historically Underutilized Business (HUB) Zones with preferential access to federal contracting opportunities

HUBZone

• Clusters are geographic concentrations of interconnected companies, suppliers, academic institutions, and service providers with a specific industry focus and additional economic incentives.

Cluster Initiatives

• The State Trade and Export Promotion Program: is a pilot export initiative to make matching-fund awards to states to assist small businesses to enter and succeed in the international marketplace.

STEP Program

Counseling

Office of Entrepreneurial Education

• Small Business Development Centers- Provide a variety of free business consulting and low-cost training. SBDC

• a national network of more than 12,000 volunteer mentors with corporate and small business ownership experience who will provide insight in person or online

SCORE

• a national network of over 100 educational centers designed to assist entrepreneurs — especially women who are economically or socially disadvantaged — in starting and growing small businesses

Women’s Business Centers

• OLC - offering free online courses on business development Online Learning

Center

Questions??

SBA Resourcesfor

America’s Entrepreneurs

Erick Isaac

.

Business Development Consultant Hispanic Business Initiative Fund of

Florida

www.hbifflorida.org

“To strengthen the economy of Florida through quality business development

and training to Hispanic entrepreneurs.”

Our Mission

“To emphasize the power of economic opportunity and act as a catalyst for

positive community change by contributing to the growth and success of

Hispanic-owned businesses.”

Our Vision

www.hbifflorida.org

www.hbifflorida.org

Only Hispanic organization in Florida providing a complete portfolio of comprehensive services aimed to assist Hispanic entrepreneurs and business start-ups .

100% Bilingual: English and Spanish

Provide entrepreneurial grant to clients to use premiere contracted professional services

Business Model

www.hbifflorida.org

Headquarters: National Entrepreneur Center (NEC), Orlando*

Regional Offices: Tampa (Westshore Corporate Center) Miami (Miami Free Zone in Doral)

Satellite Offices: - Kissimmee/Osceola County Chamber of Commerce (Tuesdays only)- Seminole County Regional Chamber of Commerce (Thursdays)- Greater Miami Chamber of Commerce (Once a week)- Hollywood (Once a week)

*Since 2003, HBIF has been one of 12 service providers at the NEC

Our Offices

Technical Assistance

• ACCIÓN USA• Application Preparation• Business Plan Creation

• Business Concept Presentation

• Export Plan • Legal & Accounting

Structure Assessment• Business & Marketing Plans• Corporate Branding• QuickBooks® Training• Web Page Creation

Education

GrantsLoan Facilitation

• Orientation Sessions• Workshops• Contractors’ Academy

• One-on-one Consulting• Minority Certification

Economic Development

Services

www.hbifflorida.org

PAST FIVE FISCAL YEARS

Jobs Created/Retained 3,909Loans Marketed $23,818,846

Clients Provided One-on-One Consulting 4,062

Clients Awarded Entrepreneurial Grants 470

Contracted Technical Assistance Hours Approved 10,076

Orientation, Workshop and Training Participants 16,780

Impact

www.hbifflorida.org

36%

29%

35%

Corporate Government Earned

17%

49%

34%

2011-2012 2012-2013

Funding Sources

www.hbifflorida.org

Investors’ Circle Sponsors

Platinum Sponsor

Workshop Sponsor Silver Sponsors

Bronze Sponsors

Government Supporters

www.hbifflorida.org

QUESTIONS?786-329-5830

www.hbifflorida.org

Accion East & Online

Fabiana EstradaDirector of Lending

festrada@accioneast.org305-548-3360

Agenda

Who is AccionWhat Accion OffersHow Accion Loans and Services WorkConclusion

Who is Accion

• National, nonprofit lender with local impact

• Over twenty years lending experience

• Serves businesses with limited access to bank financing

• Compliments the traditional banking system

• Supports diverse communities and industries

Since 1991, Accion has provided over 20,400  loans and $132 MM nationwide (averaging  $7,000 per loan)

What Accion Offers

Client quickly receives critical funding and support

Business Term Loans

Credit Coaching

Financial Education

High Profile

Partners

Community Networks

How Accion Loans and Services Work

Accion: an essential solution for building new client relationships

Fast and Simple Application• Directly with local loan

consultant or online• Average 14 day turn-

around

Tailored Loan Solutions• Flexible requirements • Affordable ACH

payments and no prepayment penalty

• In-house loan operations

Valued Relationships• One-on-one client

attention from start to close

• Ongoing client mentorship

Next Steps

Fabiana EstradaPhone: 305-548-3360Email: festrada@accionusa,comwww.accionusa.org/apply

Michael Carn

.

President and CEOMetroBroward Development

Corporation

THE BEGINNING

COMMUNITY IMPACT

THE CDFI MODEL

LOAN CAPITAL

BUSINESS ASSISTANCE

SMALL BUSINESS LOANS

SUCCESS METRICS

COMMUNITY PARTNERS

CONTACT US

Capture Your DreamThey all started with a dream!• Steve Jobs• Bill Gates• Richard Branson• Mary Kay Ash• Walt Disney• Steven Spielberg• Oprah Winfrey• Sam Walton

What is your dream?

Questions & Discussion