6. Quote You read a book from beginning to end. You run a business the opposite way. You start with the end, and then you do everything you must to reach it.Harold Geneen, American Businessman 3 3-3-11
13. 5 Basic Finance Programs 7a -- $5 million maximum International Trade SBA Express Pilots 504 – Fixed Assets Only 20 year fixed, lower than market rate Covers up to a $13.75 million project Limited amounts of refinancing 3-3-11
32. April 28, 2011 – Conference and Match Making Event with Awards Luncheon at Verizon Arena3-3-11
33. 9 Yes It Is Still a Global Economy We are joined at the pocketbook US market – 300 million World market – 6.2 billion (20x) 95% of population outside US 67% purchasing power outside US 25% GNP from trade 200,000 SB’s exporting $300 billion per year 3-3-11
34. Two More Points of Access to Capital Loans up to $250,000 Small Loan Advantage – only by Preferred Lenders – streamlined paperwork Community Advantage – only by mission focused lenders like CDFI’s, etc., with track record in these communities – streamlined paperwork 10 3-3-11
35. Coming Soon Programs Outreach to Underserved MarketsSBA and Department of Commerce studies show the importance of small-dollar loans to small business formation and growth in underserved communities. 11 3-3-11
36. What is “Underserved Market” Small businesses in (or have over 50% of workforce residing in): Low to Moderate Income (LMI) Empowerment/Enterprise Zones HUBZone Start-Ups (less than 2 years) Veteran-owned 12 3-3-11
37. Council on Underserved Communities Chaired by Cathy Hughes – chair and founder of Radio One Inc and a former SBA borrower 20 Members Serve as connection between SBA and these communities Identify barriers to success Challenges to accessing capital 13 3-3-11
38. Start-Up America Focus on small, high-growth firms Impact Investment Fund – target: Underserved communities Economically disadvantaged areas Clean energy industries Early State Innovation Fund Market gap $1-$5 million “Valley of Death” 14 3-3-11
39. Start-Up America Entrepreneurial Mentor Corps (SBA and Department of Energy) Business incubators for veteran-entrepreneurs (SBA, VA, and Labor) Empowering Entrepreneurs Roundtables – To Do List 15 3-3-11
40. Start-Up America Focus Access to capital for high-growth start-ups Expanding entrepreneurship education and mentorship Commercialization of $148 billion in federally-funded research and development Remove unnecessary barriers Expand collaborations of large companies and start-ups 16 3-3-11
41. 17 Risk Mitigation -- Advocacy The small business “voice” (and small municipalities) Federal regulations – small business friendly Raising the issues that impact small businesses (including accounting issues) 3-3-11
42. 18 And The optimist invented the airplane The pessimist invented the parachute! Gertrude Stein 3-3-11
![2 SBA ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)