u.s. small business administration overview

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U.S. SMALL BUSINESS ADMINISTRATION OVERVIEW

CREATE, CHALLENGE, CHANGE

August 1, 2016

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SBA: Smart, Bold, Accessible

Our Mission: to maintain and strengthen the United States economy;• To aid, counsel, assist and protect the interests of small

businesses;

• To help families and businesses recover from natural disasters.

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National Goal: 23 percent of all prime federal government contract dollars go to small business

Success: 25.75 percent or $91 billion in federal contracts went to small businesses during FY 2015.

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• These contracts supported over 537,000 jobs.

• 5.05% or $18 billion to Women-Owned Small Businesses

• 3.93% or $14 billion to Service-Disabled Veteran-Owned Small Businesses

• 10.06% or $35.4 billion to Small Disadvantaged Businesses

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SBA provides education, information, technical assistance & training free-of-charge• In-person, face-to-face and online advising, mentoring, and training for

every stage of business growth and development.

SBDCsSmall Business

Development CentersSCORE

Counselors to America's Small Business

CDCsCertified Development

Companies USEACsExport Assistance Centers

VBOCsVeterans Business Outreach Centers

WBCsWomen’s Business

Centers

+ SBA Regional & District Offices

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In addition to our resource partners, SBA has launched several counseling initiatives that directly affect small business owners.

• Start-up in a day• Emerging Leaders• Boots-to-Business

• Encore Entrepreneurs

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Capital

• Record lending numbers during FY 2015

• Total lending was $27.9 billion

– $3.10 billion to Women Owned Businesses

– $1.23 billion to Veteran Owned Businesses

– $6.81 billion to Minority Owned Businesses

• Additionally, in FY2015 SBA’s 7(a) program provided:

– $1.25 billion to small business exporters

– $7.94 billion to new business start-ups

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Two flagship business loan guarantee programs help start-up businesses launch and existing business expand:

SBA provides a guarantee of select small business loans made by lender participants

7(a)Supports job creation and economic development through guaranteed debentures

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Working Capital

Accounts Receivable

and InventoryEquipment

Leasehold Improvem

entsReal Estate and Buildings

Certain Refinancing of Debt

Financing Change of Ownership

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SBIC - The Small Business Investment Company: A multi-billion dollar investment program to bridge the gap between entrepreneurs’ need for capital and traditional sources of financing.

• $23.78 billion of assets under management• 299 active SBICs• $13 billion of investments into more than 6,300 U.S. small

businesses across multiple industries over last 5 years• $4 billion authorization per year

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SBIR – The Small Business Innovation Research STTR – Small Technology Transfer Research

R&D funds to develop commercially viable innovations• $2.2 billion annual set aside • 145,000 awards granted • 10 patents per day

SBA Success Stories

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Colorado: American Furniture WarehouseNew Belgium BreweryOskar Blues Brewery

Comedy WorksOtterbox

Camp Bow Wow

Nationally: CostcoNike

Outback Steak HouseFederal Express

Ben and Jerry’s Ice Cream

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Thank you!Betsy.Markey@sba.gov

303-844-0505

SBA Region VIII Office721 19th Street, Suite 400

Denver, CO 80202

www.sba.gov