SBA - Small Business Administration Yours Small Business Resource Minnesota District Office 100 N. 6th Street, Butler Square Suite 210-C, Mpls, MN 55403 612-370-2343 - www.sba.gov/mn Small Business Resource Guide on line at - PowerPoint PPT Presentation

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SBA - Small Business Administration Yours Small Business Resource Minnesota District Office 100 N. 6th Street, Butler Square Suite 210-C, Mpls, MN 55403 612-370-2343 - www.sba.gov/mn Small Business Resource Guide on line at

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Title: SBA - Small Business Administration Yours Small Business Resource Minnesota District Office 100 N. 6th Street, Butler Square Suite 210-C, Mpls, MN 55403 612-370-2343 - www.sba.gov/mn Small Business Resource Guide on line at


1
SBA - Small Business AdministrationYours Small
Business ResourceMinnesota District Office100
N. 6th Street, Butler Square Suite 210-C, Mpls,
MN 55403612-370-2343 - www.sba.gov/mn Small
Business Resource Guide on line at
www.deed.state.mn.us/publications
  • BUSINESS RESOURCES
  • Counseling and Training
  • Research and Development
  • Government Contracting Assistance
  • International Trade Assistance
  • FINANCING PROGRAMS
  • SBA Loans
  • Special 7(a) Loans
  • Other SBA Loan Programs
  • START UP KIT
  • Preparing you Business Plan

2
SBA Business Resources - Counseling Training
Information CentersSmall Business Planning
Center2324 University Avenue W., Midtown
Commons, 651-209-1884
  • The BPC core program Business software, sample
    business plans
  • Members of SCORE (small business counselors)
    available daily to answer small business
    questions
  • Free small business Loan Seminar - Thursdays from
    1230-200
  • LegalCORPS - Tuesdays from 400-700
  • Lender counseling - Thursdays from 200-400

3
SBA Business Resources - Counseling Training
Information CentersSmall Business Development
CenterUniversity of St. Thomas, Michael Ryan,
651-962-4500
  • Business Planning
  • Marketing
  • e-commerce Technology
  • Financial Analysis
  • Loan Packaging

4
SBA Business Resources - Counseling Training
Information CentersWomens Business Network
8355 Unity Drive, Suite 100, Virginia, MN,
218-749-4191
Women Venture 2324University Avenue W., St.
Paul, MN, 651-646-3808
Veterans Assistance via SBA
5
SBA Business Resources - Research
DevelopmentSBIR - Small Business Innovation
Research Programwww.sba.gov/sbirMinnesota
Department of Employment and Economic Development
651-282-6714
  • Research and Development Funding Program

6
SBA Business Resources - Research
DevelopmentGovernment Contracting Assistance
  • Surety Bond Program
  • 8(a) Program
  • CCR - Central Contractor Registration
  • HUBZone Program

7
SBA Business Resources - Research
DevelopmentInternational Trade Assistance
  • U.S. Export Assistance Center

8
SBA Business Resources - Financing ProgramsSBA
Loans (not grants)
  • Have Business Plan in hand
  • 7(a) Loan Guaranty Program - SBA assumes some
    risk
  • Verify eligibility for profit business, size
    limits
  • Loan Limits 2,000,000 (3.5 fee waved w/ 2009
    Recovery Act)

9
SBA Business Resources - Financing
ProgramsSpecial 7(a) Guaranty Programs
  • Small Rural Businesses
  • CAPLines
  • SBA Express
  • Patriot Express
  • Micro Loan Program

10
SBA Business Resources - Financing ProgramsOther
SBA Loan Programs
  • Venture Capital from Private Companies
  • 504 Loans - long term fixed assets (land or
    buildings)
  • Export Working Capital
  • SBA Export Express
  • International Trade Loan Program

11
SBA Business Resources - Start Up KitThe
American DreamIs Entrepreneurship for you?
  • Are you a self starter?
  • How well do you get along with different
    personalities?
  • How good are you at making decisions?
  • Do you have the physical and emotional stamina to
    run a business?
  • How well do you plan and organize?
  • Is your drive strong enough to maintain your
    motivation?
  • How will the business affect my family?

12
SBA Business Resources - Start Up KitPreparing
you Business Plan
  • Gives you a path to follow
  • Lets your banker in on the action
  • Provides a way to communicate your goals
  • Develops you as a manager

13
SBA Business Resources - Start Up KitBusiness
Plan Basics
  • Name of the Firm
  • List of Owners
  • Basic information on business
  • Type of business
  • History
  • Office situation (rent/own/location)
  • Personnel
  • Economic/Accounting (how do you make )
  • Production
  • Legal
  • Future plans exit strategy

14
SBA Business Resources - Start Up KitBusiness
Plan Basics
  • Market Analysis
  • Customers
  • Environment
  • Competition
  • Competitiveness
  • Projections
  • Marketing Strategy
  • Sales Strategy
  • Promotion
  • Management
  • Personnel information and experience
  • Financial
  • Sources and Uses
  • Statements

15
SBA Business Resources - Start Up KitLender
  • Assess your financial needs
  • Interview Lenders
  • Visit a Lender

16
SBA Business Resources - Start Up KitLender
Options for 1st Timers
  • Friends or Family
  • Savings
  • Personal Bank Credit
  • Informal investors
  • Home Equity Loan
  • Credit Union
  • City or County Programs
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