intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the Microloan program for eligible borrowers. Individual requirements will vary. Microloans can be used for a variety of purposes that help small businesses expand. Use them when you need less than $50,000 to rebuild, re-open, repair, enhance, or improve your small business. Examples include: • Working capital • Inventory • Inventory • Supplies • Furniture • Fixtures • Machinery • Equipment Proceeds from an SBA microloan cannot be used to pay existing debts or to purchase real estate. Military Reservist Loan If you have an essential employee who is a military reservist called to active duty, SBA provides loans to help eligible small businesses with operating expenses. Investment Capital - SBIC Directory Find an investor for your business through a Small Business Investment Company (SBIC) licensed by the Small Business Administration (SBA). Surety Bonds The Small Business Administration (SBA) guarantees bid, performance, and payment surety bonds issued by certain surety companies. Grants SBA does not provide grants for starting and expanding a business. SBA provides limited small business grants (detailed below) and grants to states and eligible community organizations to support entrepreneurship. Small Business Grant Programs America's Seed Fund Through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, America’s Seed Fund awards non-dilutive funding to develop your technology and chart a path toward commercialization. State Trade Expansion Program (STEP) The SBA's State Trade Expansion Program (STEP) provides financial awards to state and territory governments to help small businesses with export development. Empower To Grow (E2G) Manufacturing in America Grant The goal of this grant is to provide workforce development in key manufacturing industries, such as timber, energy, aluminum, steel, digital, and automotive. Eligibility • Be a for-profit or not-for-profit entity (including, but not limited to, small businesses, other- than small businesses, trade and professional associations, and educational institutions)
107
Made with FlippingBook - Online Brochure Maker