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Connect, Build, Prosper
Veteran-to-Entrepreneur (V2E)
May 2012
American Proverb
“The Best Things in Life are Free.”
SBA Mission
The SBA helps Americans start, build and grow businesses.
Started in 1953 Network of offices & partnerships Public and private organizations
SBA Programs
Capital Loan guaranty programs
Counseling Free resources for small businesses
Contracts and Exporting More opportunities for small business
SBA Capital Programs
For new or existing small businesses Industry experience is crucial
Requires a business plan Seek help from SBA resource partners
Owner investment required Need collateral; must cash flow
SBA Loan Guaranty Programs
7(a) program Working capital, inventory, land,
building, equipment, etc.
504 program Land, buildings, high cost equipment
Microloan program Loans up to $50,000
SBA Disaster Program
Disaster loans Homeowners, renters and small
businesses FEMA has “boots on the ground” SBA guarantees the loans Economic impact loans Disaster preparedness – Ready.gov, Homeland Sec. & Red Cross
Small Business Counseling
Free, confidential, one-on-one Small Business Development Center
(SBDC) SCORE Women’s Business Center of KY Veterans’ Initiative: www.kyvetbiz.com
Louisville SBDC
Louisville SCORE
Women’s Business Center of KY
kyvetbiz.com
Small Business Opportunities
Contracts Federal government purchases $100
billion/year from small businesses State and local governments, too Certification programs
Kentucky Procurement Assistance Program (KPAP)
SBA Services
More Small Business Opportunities
Exporting 96% of the world’s consumers reside
outside the U.S. borders 70% of all exporters have fewer than
20 employees SBA Export/International Trade Loans Working Capital Lines of Credit Also KY State Program
Words of Advice
Use these free resources Have a plan….and follow it Surround yourself with experts Learn about budgets Build and maintain a good team Stay informed
SBA Counseling Programs
Small Business Development Center Dave Oetken, Louisville SBDC
[email protected] 502-574-1378
SCORE Don Keller, SCORE Louisville Chapter
[email protected] 502-582-5976
Women’s Business Center Sharron Johnson, Director
[email protected] 502-566-6076
SBA Counseling Programs
Small Business Development Center Michael Rodriguez, EKU SBDC
[email protected] 859-622-1384
SCORE John Darnell, SCORE Lexington Chapter
[email protected] 859-231-9902
Women’s Business Center Sharron Johnson, Director
[email protected] 502-566-6076
Questions?
