SBA Services with Export Trade
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The SBA was created in 1953 to provide financial, technical, and management assistance to American small businesses. It has 69 offices that serve small businesses through programs like SCORE and Small Business Development Centers. The SBA guarantees loans made by lenders to small businesses and in 2014 guaranteed over $755 million in loans. It offers certification programs to help small businesses secure government contracts and export trade programs and loan guarantees to support businesses exporting overseas. District offices can provide assistance in languages besides English.
SBA Services with Export Trade
- 2. SBA Products & Services • Ruben Garcia • District Director • San Diego District Office • 619-727-4880 Email ruben.garcia@sba.gov
- 3. Federal Executive Agency Formed in 1953 Mission Statement: The SBA was created to provide financial, technical and management assistance to help Americans start, run and grow their businesses.
- 4. 69 Offices to Serve You
- 5. Work Through SBA Resource Partners SCORE Small Business Development Centers Partially Fund Other Programs: CITD/STEP
- 6. Small Business Loans Guarantee Loans Made by SBA Lenders – Not a Direct Lender
- 7. Guaranteed Loans • FY 2014 • #755 Loans • Totaling more than • $342MM • FY 2015 • A head in both Volume of Loans Made • and # of Loans Made in 2014
- 8. Offer a Variety of Certification Programs to Help Secure Govt. Contracts • 8(a) • HUBZone • Small Disadvantaged • Women-Owned • Veteran-Owned • Disabled Veteran- Owned • YTD SDDO has helped #104 certified firms get more than $800 MM in government contracts.
- 9. Offer a Variety of Export Trade Programs and Loan Guarantees • Training – On line two series Export Trade classes – Classroom – SCORE- SBDC • Referrals • Export Loans
- 10. Six Steps to Begin Exporting • On Line Readiness Assessment • Training and Counseling (Referrals to CITD or USETAC) • Create an Export Business Plan • Conduct Market Research • Find Buyers – U.S. Dept. Commerce - Gold Key Program • Finance Your Export Trade
- 11. Work with USEAC • Martin Selander • Newport Beach • 949-660-1688 • www.sba.gov/internati onal trade/useac/index
- 12. SCORE Export Trade Counselors • SCORE – 619-727-4893 – Appointment • Two Export Trade Counselors Fluent Spanish • Elias Steinberg • Marcos Souza
- 13. San Diego District SBA Office Contacts *Ruben Garcia – District Director 619-727-4880 - Fluent in Spanish *Rosa Rodarte- Lead Economic Development Specialist – 619-727-4872 - Fluent in Spanish *Carlos Liu – Lead Business Development Specialist – 8(a) Certification - Fluent in Mandarin Chinese *Sean Hong - Business Development Specialist – 8(a) Certification - Fluent in Korean *Merica Lim-Le - Business Development Specialist – 8(a) Certification - Fluent in conversational Cambodian
- 14. San Diego & Imperial County SBDCs Offers Counseling: • SW College- Higher Education Center National City – 619-482-6388 • North San Diego County – Oceanside -760-795-8740 – Sudershan Shaunauk, Director • Export Workshops • Imperial Valley – El Centro – 760-312-9800 Carlos Figari, Director (Spanish) • Export Workshops
- 15. Rules that Apply 13 CFR 120.110 Eligible: Businesses located in U.S Operating primarily in U.S. Authorized to operate in state or territory Makes a significant contribution to U.S. economy ( Pays taxes – Uses U.S. products, materials and Labor)
- 16. More Rules for Loans • Loans must be used for benefits of domestic operations – Test: Business and employees subject to U.S and local taxes • Business involved in Export Trade • Owned by legal permanent resident • No Pyramid- Multi-level marketing • No More than 1/3 of income from gambling • No Illegal Activity • Business which Restrict Patronage • 50% or more income from lobbying • No Real Estate Speculation
- 17. Businesses Owned by Non-Citizens • Financial Assistance may be permitted 51% Owned by non- citizens- who are lawfully in U.S. • USCIS Form – updated every 10 yrs.