#(sba) 8(a) business development program

[ryanshtech]

8(a) Streamlined Technology Application

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[batboyblog]

Things Biden and the Democrats did, this week #7

Feb 23-March 1 2024

The White House announced $1.7 Billion in new commitments from local governments, health care systems, charities, business and non-profits as part of the White House Challenge to End Hunger and Build Healthy Communities. The Challenge was launched with 8 billion dollars in 2022 with the goal of ending hunger in America by 2030. The Challenge also seeks to drastically reduce diet-related diseases (like type 2 diabetes). As part of the new commitments 16 city pledged to make plans to end hunger by 2030, the largest insurance company in North Carolina made nutrition coaching and a healthy food delivery program a standard benefit for members, and since the challenge launched the USDA's Summer EBT program has allowed 37 states to feed children over the summer, its expected 21 million low income kids will use the program this summer.

The US House passed a bill on Nuclear energy representing the first update in US nuclear energy policy in decades, it expands the Nuclear Regulatory Commission and reduces reducing licensing fees. Nuclear power represents America's single largest source of clean energy, with almost half of carbon-free electricity coming from it. This bill will boost the industry and make it easier to build new plants

Vice President Harris announced key changes to the Child Care & Development Block Grant (CCDBG) program. The CCDBG supports the families of a million American children every month to help afford child care. The new changes include capping the co-pay families pay to no more than 7% of their income. Studies show that high income families pay 6-8% of their income in childcare while low income families pay 31%. The cap will reduce or eliminate fees for 100,000 families saving them an average of over $200 a month. The changes also strength payments to childcare providers insuring prompt payment.

The House passed a bill making changes to the Small Business Administration’s 8(a) program. The 8(a) is an intensive 9 year program that offers wide ranging training and support to small business owners who are socially and economically disadvantaged, predominantly native owned businesses. Under the current structure once a business reaches over 6.8 million in assets they're kicked off the program, even though the SBA counts anything under $10 million as a small business, many companies try to limit growth to stay on the program. The House also passed a bill to create an Office of Native American Affairs at the SBA, in order to support Native-owned small businesses.

The White House and HUD announced steps to boost the housing supply and lower costs plans include making permanent the Federal Financing Bank Risk Sharing program, the program has created 12,000 affordable housing units since 2021 with $2 billion and plans 38,000 additional units over ten years. As well as support for HUD's HOME program which has spent $4.35 billion since 2021 to build affordable rental homes and make home ownership a reality for Americans. For the first time an administration is making funds available specifically for investments in manufactured housing, $225 million. 20 million Americans live in manufactured housing, the largest form of unsubsidized affordable housing in the country, particularly the rural poor and people in tribal communities.

The Department of Energy announced $336 million in investments in rural and remote communities to lower energy costs and improve reliability. The projects represent communities in 20 states and across 30 Native tribes. 21% of Navajo Nation homes and 35% of Hopi Indian Tribe homes remain unelectrified, one of the projects hopes to bring that number to 0. Another project supports replacing a hydroelectric dam in Alaska replacing all the Chignik Bay Tribal Council's diesel power with clear hydro power. The DoE also announced $18 million for Transformative Energy projects lead by tribal or local governments and $25 million for Tribal clean energy projects, this comes on top of $75 million in Tribal clean energy projects in 2023

Transportation Secretary Pete Buttigieg put forward new rules to ensure airline passengers who use wheelchairs can travel safely and with dignity. Under the planned rules mishandling a wheelchair would be a violation of the ACAA, airlines would be required to immediately notify the passenger of their rights. Airlines would be required to repair or replace the wheelchair at the preferred vendor of the passenger's choice as well as provide a loaner wheelchair that fits the passenger's needs/requirements

The EPA launched a $3 Billion dollar program to help ports become zero-emission. This investment in green tech and zero-emission will help important transportation hubs fight climate change and replace some of the largest concentrations of diesel powered heavy equipment in America.

the EPA announced $1 Billion dollars to help clean up toxic Superfund sites. This is the last of $3.5 billion the Biden administration has invested in cleaning up toxic waste sites known as Superfund sites. This investment will help finish clean up at 85 sites across the country as well as start clean up at 25 new sites. Many Superfund sites are contained and then left not cleaned for years even decades. Thanks to the Biden-Harris team's investment the EPA has been able to do more clean up of Superfund sites in the last 2 years than the 5 years before it. More than 25% of America's black and hispanic population live with-in 5 miles of a Superfund site.

Bonus: Sweden cleared the final major barrier to become NATO's 32nd member. The Swedish Foreign Minster is expected to fly to Washington to deposit the articles of accession at the US State Department. NATO membership for Sweden and its neighbor Finland (joined last year) has been a major foreign policy goal of President Biden in the face of Russian aggressive against Ukraine. Former President Trump has repeatedly attacked NATO and declared he wants to leave the 75 year old Alliance, even going so far as to tell Russia to "do whatever the hell they want" with European NATO allies

[adityadevatwal]

If you want to learn about starting a construction business, here are some steps and considerations to get you started:

If you want to learn about starting a construction business, here are some steps and considerations to get you started:

1. Research and Planning

Market Research: Understand the demand for construction services in your area.

Business Plan: Develop a detailed business plan outlining your business goals, target market, services offered, pricing strategy, and financial projections.

2. Legal and Licensing

Business Structure: Decide on the legal structure of your business (e.g., sole proprietorship, partnership, LLC).

Licenses and Permits: Obtain the necessary licenses and permits required in your area. This may include a general contractor's license.

Insurance: Get the appropriate insurance coverage, including liability, workers' compensation, and property insurance.

3. Financial Management

Startup Costs: Estimate the initial costs for equipment, supplies, office space, and marketing.

Funding: Determine how you will finance your business, whether through personal savings, loans, or investors.

Accounting: Set up an accounting system to manage your finances, including expenses, revenue, and taxes.

4. Equipment and Supplies

Tools and Equipment: Purchase or lease the necessary tools and equipment for your construction projects.

Suppliers: Establish relationships with reliable suppliers for materials.

5. Staffing

Hiring: Hire skilled workers, subcontractors, and administrative staff as needed.

Training: Provide training to ensure your team meets industry standards and safety regulations.

6. Marketing and Sales

Branding: Create a strong brand identity, including a logo, business cards, and a website.

Advertising: Use various marketing channels such as online advertising, social media, and local advertising to attract clients.

Networking: Build relationships with other businesses, real estate agents, and community members to generate leads.

7. Operations and Management

Project Management: Implement effective project management practices to ensure projects are completed on time and within budget.

Quality Control: Maintain high standards of workmanship and customer service.

Safety: Adhere to safety regulations and best practices to protect your employees and clients.

8. Continuous Improvement

Feedback: Collect feedback from clients to improve your services.

Training: Stay updated on industry trends and continuously train your staff.

Expansion: Look for opportunities to expand your business by offering new services or entering new markets.

Useful Resources

Small Business Administration (SBA): Offers resources and support for starting and managing a business.

National Association of Home Builders (NAHB): Provides industry-specific resources and networking opportunities.

Local Trade Associations: Can offer support, training, and certification programs.

Do you need more detailed information on any specific part of starting a construction business?

[usbri]

Once your business receives HubZone certification, it is eligible to benefit from all the opportunities offered by the federal government. Frankly, the primary benefit of the 8a certification program is federal contracting. But beyond that, there are many more benefits that make the SBA 8a program a clear success.SBA 8 is a small business development program designed by the United States government to provide financial assistance.

[shaavir-usa]

PACTS III: A Comprehensive Guide to Winning the US Department of Homeland Security’s $8.5B IDIQ Contract

Introduction:US Department of Homeland Security (DHS) is standing Pacts III (Program Management, Administrative, Clerical, and Technical Services III) IDIQ contract as the ordering period of PACTS II (2017 – 2023) is coming to an end. The anticipated solicitation release date is November 17, 2023. This IDIQ Contract is released under the primary NAICS 541611, 561110 & 541330 in three Functional Categories: FC1 (Administrative Management and General Management Consulting Services), FC2 (Office of Administrative Services), & FC3 (Engineering Services) respectively. This contract vehicle is set aside for four socio-economic categories viz, SDVOSB, WOSB, HUBZone, and 8(a) and has 10 Years as a total Ordering Period. (Base period 3 years, 3 option periods of 2-year duration each, 4th option period of 1-year duration) and 15 years as the Total Delivery Period with an aggregate Ceiling of $8.5B.Expected Number of Awards and Teaming Arrangement:This contract will result in multiple awards, a total of 96 awards are expected i.e., an estimated 8 awards per socio-economic track within each functional category (A total of 3 functional categories and 4 Socio-economic tracks resulting in 96 awards). Apart from the Prime contractor only, there are three (3) possible Teaming Arrangements in this contract ranging from Small Business Teaming Arrangement, SBA Joint Venture and Mentor-Protégé arrangement moreover, PACTS III prime contractor may be a subcontractor to another PACTS III prime contractor on task orders solicited and awarded under the Master Contract. Also, Offerors are required to submit one (1) proposal for each Functional Category. Offerors need to submit one (1) proposal within multiple socio-economic tracks in a Functional Category.Points Scoring Means and Restrictions:Points can be scored for Adequate Accounting system and Facility Clearance. For an Adequate Accounting System, if the Offeror is an SBA Small Business JV or SBA MPP JV, the accounting system of the member that will bill the Government for all task orders must meet the definition of “adequate” and For Facility Clearance, if the offeror is part of an SBA Small Business JV, facility clearance information can be from either the JV itself or each of the individual JV partner(s) that will perform the necessary security work. Projects or experiences submitted under PACTS III are not being claimed more than once for PACTS III under any other proposal. Contractors who have performed a predominant amount of work in the experience can claim points for that project.Experience Requirements:Experiences accepted under this contract can be any of these; Single award or multiple award IDIQ, Basic Ordering Agreement, Blanket Purchase Agreement, or Federal Supply Schedule. Projects from SBA Mentor-Protégé: 60% from Mentor and 40% from Protégé. Project Performance is required to be satisfactory or above and Federal Projects with no CPARS record will be evaluated as neutral. Pact III proposal is organized into four volumes i.e., an executive summary, Volume II – Technical, Volume.Shaavir LLC, a Chicago-based proposal development company garners rich expertise in the US federal contracting Market. Shaavir possesses expertise in understanding and evaluating Government contracts not restricted to those based on scores wherein our team is well-positioned to maximize your score and optimize pacts III success. Our team will ensure to help you throughout the Pacts III life cycle. Our team has extensive expertise in self-scoring Government contracts not limited to GSA Oasis Plus, CIOSP4, POLARIS, and GSA Alliant III. To hire a Project based resource from Shaavir LLC fill in the details given below:

[awesomeforever]

Select Page Posted by Sammie Ann Wicks | Jan 3, 2023 If you’ve been anticipating 2023 by putting a long-term dream of starting your own business at the top of your New Year’s resolutions, you’ve got powerful market-savvy friends right here in Central Colorado to help you. Thanks in part to U.S. Small Business Administration (USSBA) funding, entrepreneurs in Chaffee, Lake, or Park Counties can now avail themselves of free or low-cost workshops and professional consulting through the Central Mountain Small Business Development Center (SBDC) in Salida. Courtesy image “We offer training available through the SBA, but we also offer our own workshops and mentoring,” notes Jamie Billesbach, SBDC director. The Salida center offers hands-on workshops on all aspects of starting a business, emphasizing detailed preplanning before the business enters the marketplace. The Center’s “Lean Up” program, for instance, aims at helping prospective business owners define who their customers will be and thereby be “early adapters.” At the same time, participants also concentrate on product development, and create what Billesbach calls “their own value” in the marketplace. (Keep watching Ark Valley Voice for an upcoming story on this program.) Partnering with the Buena Vista and Salida Chambers of Commerce, the SBDC Director says an upcoming Center series will help entrepreneurs refine their business ideas. “The first session we offer gives entrepreneurs the opportunity to clarify their goals and prove their ideas way before they’ve gone all in,” says Billesbach. “This saves them future time and money.” Surveying a future business’s prospective market, she adds, can help an entrepreneur know if their business idea “is on target for their particular market before they even enter it.” The Center also is committed to mentoring women who have ideas for small businesses but want to learn more about how and where to start. “Because women starting businesses face special challenges, we assist them through our ‘Power of We’ program,” Billesbach says. “So we encourage anyone interested to contact us.” One upcoming SBDC program first introduces entrepreneurs to the basics of small business and unfolds in several segments. The first segment covers preplanning and start-up basics. SBDC Training Segment I In the Center’s Segment I, prospective business hopefuls will create a one-page business plan, define their businesses’ purpose and customer target base, and learn how to solve their future customers’ problems to better meet their needs. The session is slated from 9:30 a.m. to 1:30 p.m. on Weds. Jan. 11 at the Buena Vista Library; and from 8:30 a.m. to 12:30 p.m. on Thurs. Jan. 12 at the Salida Scout Hut. Cost is $25. ($15 for Chamber members.) Visit the SBDC at: https://centralsbdc.org Or inquire about upcoming events by email at info@centralSBDC.org; or by calling the Center at 719-221-0374. The SBDC is located in the Sherman Building Lofts, 123 G Street, Suite 29, Salida, Colorado 81201 Share: In order to approve your comments, we must have a full name, working email address and your City and State. COMMENT Name * Email * Website Δdocument.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Learn how your comment data is processed. ©2022 Ark Valley Voice. All rights reserved to Truth Has a Voice Foundation DBA Ark Valley Voice. For permission to reuse content, please email Jan@arkvalleyvoice.com. source

[petnews2day]

How Long Do You Have To Wait For SBA Loan Approval? – Forbes Advisor

New Post has been published on https://petnews2day.com/pet-industry-news/pet-financial-news/how-long-do-you-have-to-wait-for-sba-loan-approval-forbes-advisor/

How Long Do You Have To Wait For SBA Loan Approval? – Forbes Advisor

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.

The U.S. Small Business Administration (SBA) helps business owners access the funds they need to get their businesses off the ground, expand and succeed. These loans are often easier to qualify for than some traditional loans. Still, SBA loan approval and funding can take much longer than most loans—often anywhere from 60 to 90 days. For that reason, SBA loans aren’t the right choice for business owners who need cash quickly.

Here’s what you need to know about SBA loan approval times and how they compare to other business financing options.

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Time in business

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6 months

Overview of SBA Loans

The SBA doesn’t lend money directly to small business owners. Instead, the SBA guarantees up to 85% of the loan amount, depending on the loan program and amount. This reduces the risk of loaning money to applicants and encourages SBA-approved lenders to work with small business applicants they might not otherwise approve. That said, there are several SBA loan programs, each with unique eligibility requirements and terms:

SBA 7(a) loans: The SBA 7(a) program offers several types of loans up to $5 million available for various business purposes. Standard 7(a) loans and small 7(a) loans come with SBA turnaround times between five and 10 business days, but the process takes longer.

SBA Express loans: SBA Express loans are available for up to $500,000, with repayment terms of up to 25 years for real estate and five to 10 years for other loan types. Express loans fall under the 7(a) umbrella; however, the program offers accelerated approval times. Individual lenders make eligibility decisions, but the SBA turnaround time is just 36 hours.

Certified Development Company (CDC)/504 loans: CDC/504 loans can be used to purchase equipment and real estate. Loans are available for up to $5 million, with 10- and 20-year repayment terms.

SBA microloans: Microloans max out at $50,000, though the average microloan is just $13,000. The minimum repayment term is six years, and interest rates range from 8% to 13%.

While SBA loans can be easier to qualify for than other types of business financing, the application process is extensive. You must provide comprehensive documentation, including a business plan, copies of business and personal tax returns, business balance sheets, profit and loss statements and a list of current business debts.

How to Get Approved for an SBA Loan

The SBA loan approval process takes 30 to 90 days from application to funding. However, this time frame varies by lender and loan type. The exact steps for getting an SBA loan can also differ from lender to lender, but there are a few general stages in the approval process:

Loan application. The SBA loan application process is more demanding than traditional lenders, and prospective borrowers must submit extensive supporting documents. For this reason, application preparation can take as long as 30 days. However, you can complete an application more quickly if you have already gathered the necessary documentation.

Application review and underwriting. After an application is submitted, the lender will review your credit score and financials. This process typically takes between 10 and 14 days, including the underwriting process, but can take longer for lenders that aren’t in the SBA’s Preferred Lenders Program. Likewise, if collateral is required, the lender may order an appraisal during the underwriting process. Based on this review, the lender determines the loan amount and interest rate you qualify for.

Loan agreement. Following approval, it typically takes 10 to 21 days for the lender to prepare the loan agreement and commitment letter. During this time, you should review the loan agreement to ensure that all terms are acceptable.

Closing and funding. Closing and funding generally occur seven to 14 days after finalizing the loan amount, repayment term and interest rate in the commitment letter. If the lender contacts you with questions or additional requests during this period, respond quickly to keep the process moving.

How Will I Know If My SBA Loan Is Approved?

If your loan is approved, the SBA will send you an email with loan details. Contact the SBA directly if you have not received an email and want to check your application status. Depending on your lender, you may also be able to check your application status online or by contacting your loan officer.

How Long Does It Take to Get SBA Loan Funds After an Approval?

After an SBA loan is approved, it usually takes around five days for the lender to disburse loan funds—but it can take up to 14 days. That said, the actual amount of time it takes for you to receive loan proceeds depends on the lender and the business’ bank.

SBA Loan Process vs. Other Business Loans

Lengthy SBA loan approval times do not align with every small business owner’s borrowing needs. Other business loans can provide funds more quickly and, sometimes, with less stringent application requirements. Here’s how the SBA loan process compares to some other common financing options:

Business lines of credit. A business line of credit lets you draw on funds as needed and only pay interest on the amount borrowed. Approval times are shorter than for an SBA loan, with funds sometimes available in as few as 24 hours after submitting an application. Business lines of credit generally have lower borrowing limits than SBA loans, but they’re revolving so you can access the money again after the balance is paid off.

Online loans. Several online lenders offer business loans with quick approval times—sometimes as soon as the same day. These lenders often work with businesses that may not qualify for financing from a traditional bank. However, online loans tend to have higher interest rates and shorter repayment terms than SBA loans.

Equipment financing. Equipment financing is a type of business loan business owners can use to purchase equipment or machinery. These loans typically have shorter repayment terms than SBA loans and may also have higher interest rates. Financing may be available in just 24 hours or take up to several weeks.

Alternative loans. Alternative loans are another type of financing that can have quick approval times, some with same-day approval. These loans are available from many online lenders and are used for a variety of purposes, including working capital, equipment financing and expansion. However, alternative loans also tend to have higher interest rates than SBA loans.

Personal loans. Getting a personal loan can be much faster than getting an SBA loan, as the application process is generally more straightforward and approval times are shorter. However, personal loans typically have shorter repayment terms and higher interest rates than SBA loans. Plus, some lenders restrict the use of personal loans for business purposes.

Find the Best Small Business Loans of 2022

[texaswexasnews]

How to obtain certification for minority-owned businesses ?

How to obtain minority-owned businesses certification?

Governments and businesses all around the country frequently reserve a portion of their contract budgets solely for minority-owned enterprises. These organisations want to make sure they are contributing to the effort to support a diverse range of vendors who more accurately reflect all communities.

However, a company should look to obtain an official certification if it wants its operation to be publicly acknowledged as a minority-owned corporation or firm. This demonstrates both that the company is credibly founded and that it is prepared to collaborate with significant public and private organisations.

Learn how to become certified as a minority-owned businesses certification in the sections below, along with how having this certification can help a company land more contracts with big businesses and the government.

A minority-owned firm may seek certification from additional organisations in addition to the NMSDC, such as the Small Business Administration (SBA) or certain towns and states where it is located.

The SBA gives a certification specifically referred to as 8 (a). The federal government aims to give at least 5% of contracting dollars to companies with the 8(a) classification, making them eligible to obtain federal contracts that are designated for "small disadvantaged firms." Federal laws state that any enterprises with 51% minority ownership are likely qualified, even though 8(a) businesses are not required to be minority-owned.

Ohio is an illustration of a state that has its own certification procedure for minority business enterprises (MBEs). Once

It's a good idea to get certified as a minority-owned business if you run a business. Being certified immediately boosts your company's appeal because certification is a requirement for doing business with and purchasing from minority-owned businesses certification by government organisations and corporations.

Companies seek to work with minority-owned firms because they recognise the significant purchasing power of minorities in the United States. And it goes without saying that they must support their businesses in return if they want minorities to buy their goods and services.

Because they understand that by doing so, federal officials will contribute to the development of a sustainable economic environment in the nation.

Now that you are aware of the advantages of having a minority-owned firm, it is time to consider how you might obtain formal The Department of Transportation (DOT) mandates that contracts awarded to minority-owned enterprises must account for at least 10% of their budget. As a result, state agencies as well as departments that receive funding from the DOT must create initiatives for disadvantaged businesses. Every DBE must set annual objectives that cover contracting out work as well as particular subcontracting objectives.

You must go via your state's department of transportation to be recognised as a DBE. There is a DBE Site for each agency. The websites for all state departments of transportation and the DBE Program are listed below. Your company will be placed on the DBE directory once you have been authorised as a DBE. If you are a minority business owner, it is a good idea to obtain certified as a DBE.

Minority business owners are helped by the U.S. Department of Commerce's Minority Business Development Agency (MBDA). Minority enterprises have received contracts worth an average of $49 million thanks to the MBDA. The organisation works with companies that have received National Minority Supplier Development Council certification. For minority business owners looking to connect with government contracting opportunities, the MBDA provides a wealth of resources.

The MBDA has offices all around the nation. The commercial hubs are situated in locations with a significant minority population. A list of business centres is available here. You must first sign up for the MBDA Online Business Applications in order to access MBDA opportunities. By creating an account on their website, MBDA.gov, you can access the tool.

Minority-owned firms are not certified by the Small Business Administration. However, their 8(a) Business Development Program helps minority-owned enterprises access possibilities for government contracting. Contracts worth up to $4 million for products and services and up to $6.5 million for manufacturing are available to recipients. The ability of individuals chosen for the programme to form joint ventures with one another in order to submit bids for contracts is a huge advantage. Minority business owners receive assistance from the Department of Commerce's Minority Business Development Agency (M… In order to guarantee supplier diversity in the business sector, the National Minority Supplier Development Council (NMSDC) is regarded as the gold standard. For companies looking to collaborate on contract projects with private corporations, this certification programme is excellent.

A Minority Business Enterprise is typically defined as a company that is at least 51 percent owned and operated by an individual who is a U.S. citizen and is at least 25 percent of African American, Asian American, Pacific Islander, Latinx or Hispanic, or Native American descent. In addition to the MBE certification, the NMSDC offers opportunities for you to access financial and educational resources and broaden your professional networks. If the business is publicly listed, t… The Women's Business Enterprise National Council (WBENC) is a nonprofit organisation that offers the most well-known certification for women-owned businesses in the nation, despite the fact that the NMSDC lacks credentials particularly for these enterprises.

Similar to the NMSDC programme, certification has advantages like access to a network of other private-sector businesses and the chance to connect with procurement executives at significant corporations. Additionally offered are marketing support and assistance with education.

Women-owned businesses still need to meet the SBA 8(a) program's requirements to qualify as being economically disadvantaged. To determine if you are eligible, look at the examples in this part of the Code of Federal Regulations.… Minority business owners have historically had trouble obtaining business funding and landing significant contracts. The Paycheck Protection Program's initial round during the epidemic also had problems with equal distribution of PPP monies to minority small firms.

You will have access to advantageous contract opportunities, marketing support, and other beneficial resources like business training and mentorship if you are a qualified MBE.

While the NMSDC doesn't have certifications specifically for women-owned businesses, the Women's Business Enterprise National Council (WBENC) is a non-profit organisation that offers the most well-known certification for women-owned businesses. If you're looking for more information on funding for minority-owned businesses, be sure to check out our guide to business funding for minorities.

[lomohoney]

Sba mentor protege

…Ĭontinue Reading SBA Changes Ensure Small Businesses Can Utilize Teaming Arrangements and Subcontractor Experience Key Considerations in Small Business Teaming: Part 1 – Teaming vs. Such limitations prevented small business offerors from using key subcontractors or a teaming arrangement to establish the required experience and past performance. In many cases, agencies still issued solicitations that explicitly precluded consideration of subcontractor experience. Prior to the issuance of the SBA’s new rule, FAR 15.305(a)(2)(iii) stated that an agency “should” consider the past performance of key subcontractors, but the use of “should” left agencies with broad discretion to consider (or not consider) subcontractor past performance. While the SBA highlighted its changes to the Mentor-Protégé program, the rule will have wide-ranging impacts on small business contracting, including the treatment of a small business offeror’s capabilities, past performance, and experience. For example, the final rule eliminates the requirement that joint ventures between an 8(a) protégé and its mentor obtain pre-approval from SBA before receiving a contract award. This assistance may include technical and/or management assistance. Mentor-protégé relationships involving an 8(a) protege will now be governed by the same requirements and processes as any other small business protégé. Small Business Administration (SBA) issued a lengthy final rule that made changes to various SBA regulations. The small business mentor-protege program is designed to enhance the capabilities of protege firms by requiring approved mentors to provide business development assistance to protege firms and to improve the protege firms’ ability to successfully compete for federal contracts. It should not be a crutch that prevents small businesses from seeking and performing those larger and more complex contracts on their own.Late last year, the U.S. The mentor-protege program should be a boost to a small business’s development that enables the small business to independently perform larger and more complex contracts in the future. SBAIsabel SBAgov BusinessDefense DeptofDefense. Just like the longstanding and popular 8(a) mentor-protege program, the new small business mentor-protege program creates a framework under which mentor firms will provide a wide variety of potential benefits to their proteges. RT ArmySmallBiz: The Mentor Protégé Program (MPP), which partners smallbusiness with larger companies, provides a robust platform for small businesses to grow as viable contributors. Mentors are encouraged to provide assistance relating to the performance of contracts set aside or reserved for small business so that protege firms may more fully develop their capabilities. Government Publishing Office MAXIMIZING MENTORING: HOW ARE THE SBA AND DOD MENTOR-PROTEGE PROGRAMS SERVING. This assistance may include technical and/or management assistance financial assistance in the form of equity investments and/or loans subcontracts (either from the mentor to the protege or from the protege to the mentor) trade education and/or assistance in performing prime contracts with the Government through joint venture arrangements. House Hearing, 114 Congress From the U.S. The SBA will no longer approve 8 (a) joint ventures for competitive 8 (a) set-asides, only sole source awards. The 8 (a) joint venture must be approved by the SBA before it can be awarded any sole source contract. The small business mentor-protege program is designed to enhance the capabilities of protege firms by requiring approved mentors to provide business development assistance to protege firms and to improve the protege firms’ ability to successfully compete for federal contracts. The notable exception to the consolidation of the two mentor-protg programs pertains to 8 (a) sole source awards. Our mentor relationship also gives us access to resources manpower, equipment, expertise, and more. (3) SBA may authorize a small business to be both a protg and a mentor at the same time where the small business can demonstrate that the second relationship. Plus, we’re bonded up to 100 million something most small businesses could never provide. Small Business Administration’s (SBA) All Small Mentor-Protege Program. With the program, our mentor partner gives V-Line access to significant financial stability that ensures we’ll be here to finish your project. If you’re not familiar with the program, here’s a brief description from the Small Business Adminstration: About the All Small Mentor-Protg Program The Department of State has retired its Mentor-Protege Program (MPP) in favor of the U.S.

[ryanshtech]

SBA Certified Companies | Ryansh Tech

Ryansh Tech is a trusted provider of IT solutions for SBA certified companies. Our cutting-edge technology and personalized approach help small businesses thrive in today's competitive market. With our expertise and dedication, you can count on us to deliver top-notch services tailored to your unique needs.

Click Here: https://ryanshtech.com/

[sba50kmicroloans]

SBA MICROLOANS FOR WOMEN-OWNED BUSINESSES

SBA helps with start up business loans for women entrepreneurs, so that they can compete in the marketplace. Connect with the training and funding opportunities specifically for women.

Office of Women’s Business Ownership (OWBO)

The Office of Women’s Business Ownership (OWBO) helps women entrepreneurs through programs coordinated by SBA district offices. Programs include business training, counseling, federal contracts, and access to credit and capital.

The OWBO oversees Women’s Business Centers (WBCs). These centers seek to level the playing field for all women entrepreneurs, who still face unique obstacles in the business world.

Businesses receiving assistance from WBCs see a significantly better success rate than those without similar support. Find your nearest center.

Funding for women-owned small businesses

The 8(a) Business Development program helps small, disadvantaged businesses compete in the marketplace. Check with WBCs and local assistance resources for guidance, and our Lender Match tool for finding capital.

Women-owned small businesses can also take advantage of government small business loans for women program’s. Our partners offer advice and counseling to help choose the right path for your company.

Women-Owned Small Businesses (WOSB) Federal Contracting program

This program helps women-owned small businesses compete for federal contracts. Understand the eligibility requirements before applying.

SBA also works with federal agencies to increase contracting opportunities and achieve the government’s five percent contracting goal for women-owned small businesses. Keep an eye out for matchmaking events targeting both the federal and private procurement.

Other resources for women-owned businesses

National Women’s Business Council

The National Women’s Business Council is a non-partisan federal advisory council serving as an independent source of advice and counsel to the President, Congress, and the U.S. Small Business Administration. The Council is the government’s only independent voice for women entrepreneurs, tackling important and relevant economic issues.

Get training online with DreamBuilder

DreamBuilder introduces participants to all areas of business ownership through a carefully crafted and engaging curriculum, featured in English and Spanish. At the conclusion of the program, women leave with a business plan to start their own business or develop an existing one.

Following are more partner resources on women-owned small businesses.

Association for Enterprise Opportunity (AEO)

Association of Women's Business Centers (AWBC)

National Association of Women in Construction

National Association of Women in Real Estate Businesses (NAWRB)

National Association of Women's Business Owners (NAWBO)

U.S. Women's Chamber of Commerce (USWCC)

Women's Business Enterprise National Council (WBENC)

Women Impacting Public Policy (WIPP)

Women's Presidents' Organization (WPO)

For further information, you can contact us on our website.

URL: - https://www.sba.gov/business-guide/grow-your-business/women-owned-businesses

Website: - https://www.sba50k.com/

[construction210]

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It depends on the specialist to change that mindset with clients to develop a much better balance with price vs. quality as well as win the work more times than not. If you build a high quality labor workforce, manage material prices, as well as set correct quotes commercial without compromising the high quality, you will certainly win in the future.

A business credit rating facility can also help you with income flow when customers don't pay promptly or in all. You do not wish to be holding the bag without a collection system in place that deals with these unsure times. Resource: Principal Designer Software Program 6 Advantages of Getting an Organization Financing for Building Service providers As the stating goes, capital is king! Having a company credit scores facility is a crucial safety valve for those times when cash circulation becomes tight.

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A service provider might balance various jobs or job orders at the exact same time as well as need to stabilize labor expenses and products with payments and also revenue from customers. This fragile balance can be impacted when there is a rise in growth that does not match existing profits or, also worse, a boost in misbehavior, hold-up, or collection of completed work.

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Not only is it a legal issue but an useful one. If workers don't have confidence they will obtain paid, after that the bond of loyalty and also commitment will be damaged. This company funding is largely utilized for little acquisitions and also functioning capital.

This tiny service financing includes a swelling amount provided front with a repaired payback quantity computed using a variable rate over a short-term time period. Rates are not primary as well as rate of interest however a "variable rate" that sets you back more than traditional financings. The majority of services select short-term service car loans when they do not qualify for typical funding.

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Acquisition order lendings will certainly fund an entire order or a section of it, depending upon the order funder. When the provider is all set to ship the order, the acquisition order financing company gathers settlement straight from the consumer. The order funder will subtract their costs as well as then send the balance of the billing to your service.

Jacques Famy, Jr. Principal Marketing Police Officer at Breakthrough, Factor Funding. Jacques is Co-Founder and also managing member of Development, Factor Funding, an alternate service resources company that offers small organization across the United States. Jacques has more than twenty years's retail lending experience focusing on locating the resources that small company owners need.

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Building companies take time to strategy and develop, so by beginning earlier, you can establish on your own up for success later on. As well as although COVID-19 has created stops in production in major cities, there are still 36 states where building is thought about an essential solution as of the release of this write-up.

It should be brief (one or 2 pages), extensive, and also engaging. The Local Business Administration suggests including your objective declaration, fundamental biographical information regarding your company, the product or services you supply, financial highlights and funding objectives, pertinent past successes, as well as your future prepare for business. The rest of your organization plan will contain the exact same components discussed in your exec summary, however in better detail.

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You must likewise write a worth proposal declaration that states why your business's offerings remain in demand in your particular market. You must additionally make certain to keep in mind here whether your service is structured as an S-Corp, a C-Corp, or an LLC, as well as how ownership is divided if you're not the single founder.

Calculate what percent of potential customers you'll have the ability to capture contrasted to your competitors. Based on this info, estimate a prices strategy that is both competitive as well as profitable. Highlight your competitors' staminas and weaknesses and highlight how that will notify your business's service approach. Business Framework Here is where you'll explain your firm's framework carefully.

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Products + Solutions This area is where you'll explain concerning what product or services you provide. Talk about existing or previous tasks that can function as instances of your business's offerings, preferably. Given that building and construction also counts greatly on materials sourcing, highlight any type of existing collaborations you have with structure suppliers, sub-contractors, and so on. Whereas LLCs are managed by the state, firms need to file with the federal government. Some states require a paper enrollment while others will enable you to sign up online. You can make use of the SBA's state lookup data source to discover what your state requires. (Bear in mind that if your business runs in more than one state, you require to sign up with each state's federal government.) You'll require to see your city government web sites to establish what enrollment is required, if any type of.

[mikeeisenga]

Michael Eisenga Reveals 8 Places to Find Business Funding

Originally published on imcgrupo.com

Owning a business is sometimes considered part of the quintessential American Dream. Every year, more than 600,000 new businesses open in the US, and the United States has harbored a business-friendly culture since its inception.

However, starting a business takes a lot of money, and many would-be entrepreneurs have trouble finding funding. Thankfully, there are several places that budding entrepreneurs can go to finance their business projects. So today, Michael Eisenga is here to explain eight sources of funding for businesses.

1. Bank Loans

Bank loans are the traditional way to get business funding. Unfortunately, they may not always be the best option for a small business. While it is certainly possible to secure small business funding from a traditional bank, you need to have a rock-solid business plan and financial statements.

2. Savings

Savings are another potential source of funding. If you have ample money saved up through thrifty spending or good investment decisions, you can tap into those reserves to get some startup capital. It’s important not to drain all of your savings, though.

3. Government Grant

The federal government can also help rustle up small business funds. The Small Business Association (SBA) has offices worldwide that provide grants, business plan consulting, and more. The SBA also offers special grants to business owners who face unique challenges and barriers, such as minority-owned businesses, veteran-owned businesses, and women-owned businesses.

4. Venture Capital and Angel Investors

Angel investors and venture capitalists are wealthy individuals who habitually fund small startups, generally for a share of the equity. Angel investors are more common in the tech industry and other high-growth industries. Angel investors are private investors, and the SBA has programs to match business owners with individual investors.

5. Crowdfunding

Crowdfunding is a relatively new business funding model that involves receiving small donations from pledges from regular people. Platforms like Kickstarter and IndieGoGo allow people to showcase their products and get funding from individuals.

6. Personal Loans

Personal loans could refer to money borrowed from friends or family. If you plan to borrow, make sure that you put the terms in writing, so everyone is on the same page about payment.

7. Credit Cards

Credit cards are a viable option for business funding, but it comes with some risks. Credit cards have high-interest rates, and if your business fails, you will be stuck with high-interest debt.

8. Corporate Funding

Like venture capitalists, some larger companies offer programs supporting small businesses, such as Goldman Sachs. Also, the SBA has a handy sheet of ideas on how to start a functioning business.

Struggling to find business funding is an issue of the past. With information like this, almost anyone can secure funding one way or another.

About Michael Eisenga Michael Eisenga is a commercial real estate investor, entrepreneur, and proud father of three boys. His wide range of skills includes commercial real estate investing, property management, assisting living facility operation, leadership, strategic planning, public policy, and community outreach. Mr. Eisenga is most passionate about finding and improving profitable investments. Lately, he has been focusing on fueling development in smaller communities through assisting living facilities.

[jenniferfranklin-blog]

10 Tips to Market Your Pharmacy to Current Patients

our independent community pharmacy may devote a substantial amount of time to marketing and PR endeavors, such as social media, print advertisements or getting featured on the news.

But, who exactly is your pharmacy marketing to?

Are you focusing your efforts on targeting new patients, at the expense of your current patients? Your loyal patients may be even more important to focus on than gaining a new patient base, since loyal patients are the ones who bring the most revenue to your store.

Here’s a list of top 10 tips to market your pharmacy to current patients, adapted from an article by the U.S. Small Business Administration (SBA).

1. Step up your social media game

Whether it’s Facebook or Twitter, use your pharmacy’s online presence to market to your current patients.

Your current patients are likely the ones who follow your active social media profiles in the first place, so get them in your pharmacy more often by posting relevant content consistently.

And, don’t forget to offer promotions just for your social media followers.

Consider investing in a paid Facebook advertising campaign. The social networking site is limiting the reach of unpaid promotional posts, so your patients may not see your content as often as they used to.

When you choose to create a paid campaign, Facebook’s targeting options allow you to market to your current Facebook fans, as well as to patient email lists whose email addresses sync up with their Facebook profiles. This can be very beneficial to your pharmacy’s efforts in staying top-of-mind with your current patients.

2. Promote your exceptional customer service

Your independent community pharmacy is likely known for the high-level of care and personal attention you provide to each and every one of your patients. Take that exceptional customer service up a notch by making loyal patients feel extra special.

Host customer appreciation events for current patients, such as a barbeque or an ice cream social. Or, let your most loyal patients have first dibs on trying out your new pharmacy delivery service.

3. Conduct questionnaires and surveys

If you’ve noticed a lag in returning patients, or if you want to take measures to keep your loyal patients, conduct a short questionnaire or survey.

Ask your patients what they enjoy about your pharmacy and what they feel you could improve on, or ask their advice on a new product or service they think you should introduce.

Not only will conducting surveys help inform you on how you can improve your business, you’ll also keep your pharmacy top-of-mind for your patients when they find your survey in their mailbox or inbox.

4. Collect data

Tracking data on your patients is a good idea to help you learn more about their wants and needs.

For example, gathering information on your patients’ buying habits can help you figure out which products and services to promote online to attract attention and get patients in your front door.

5. Implement a rewards program

Offering a loyalty rewards program for your patients is another way to market to them, and keep them coming back to your pharmacy.

When you reward patients with promotions or members-only deals, they’ll feel appreciate.

6. Celebrate special events

Whether it’s a birthday or an anniversary, celebrate the special occasions in your patients’ lives.Long-time, loyal patients will appreciate the time you spend sending them a handwritten card or a small token gift. Bonus points if your pharmacy’s logo is on the card and gift. That way every morning your patients take a sip of coffee from the mug you sent them, they’ll be sure to think of your business.

7. Develop a blog

One way to showcase your expertise, and market your pharmacy to current patients, is by maintaining a blog.

A blog can educate your patients, emphasize your status as an expert in health care and direct patients to your website and your pharmacy.

8. Follow up with patients

Follow up with your patients to show your appreciation of their business.

For example, after a patient fills a prescription at your pharmacy, be sure to check up on him or her. Making a personal phone call will help market your pharmacy as the paradigm of superior customer service.

9. Leverage your reviews

Keep track of your pharmacy’s reviews on social media and on review websites. Be sure to respond to your current patients when they voice both concerns and praises of your business. You can do this on your pharmacy’s social media sites, such as Facebook with Facebook ratings and reviews.

10. Create a calendar

Regularly communicate with your current patients by creating a calendar of when to contact them.

Use a calendar to remind yourself of patients’ birthdays, when you need to mail out your pharmacy’s newsletter or when you need to update your pharmacy’s social media.

Keeping track of important deadlines will ensure you don’t forget your loyal patients.

Originally published here https://pnwcommunitytax.com/blog/f/10-tips-to-market-your-pharmacy-to-current-patients

[georgetownacsjobs]

Small Business Advisor, at Washington Area Community Investment Fund

POSITION OVERVIEW

Washington Area Community Investment Fund (WACIF) invites applications to fill two positions for Small Business Advisor. The Small Business Advisor will provide high quality coaching and capacity building technical assistance (TA) to entrepreneurs and small business owners, which includes developing business, marketing and financial plans, preparing loan applications, and providing resources and information on how to start or grow businesses and access procurement opportunities.

The Small Business Advisor will assess customer needs and respond in a variety of ways to create effective solutions for the client to create economic impact. The Small Business Advisor will make direct visits to client companies and resource network partners and assists in conducting training programs, outreach, and public relations activities for the organization. The position will operate from two locations in Washington, DC.

REPORTS TO:

Director, Programs & Small Business Services

DUTIES & RESPONSIBILITIES

Under direct supervision of the Director for Programs & Small Business Services, the Small Business Advisor provides one-on-one confidential client consultations in the areas of small business development (business formation, business planning, marketing, sales, financing, procurement), preparing loan applications, and providing resources and information on how to start, sustain, and grow businesses. The Small Business Advisor will provide high quality coaching to entrepreneurs and business owners and educating clients regarding market feasibility, cash management, and access to capital. The Small Business Advisor provides group training sessions (workshops and seminars) on business topics for clients and the public and may represent Wacif at business expositions and panel.

The Small Business Advisor should carry out the following tasks:

Conduct effective, confidential one-on-one client advisement service for small business clients in office and at client’s sites

Provide solutions to customers in response to identified needs including research, advising, training, and education in specific, functional areas of small business development such as business formation, business planning, marketing, sales, financing, and other small business issues and challenges

Assist with client's preparation loan application packaging.

Possess a proficient knowledge of writing and evaluating professional business plans

Plans and deliver appropriate business workshops, in accordance with established goals and deliverables

Prepare and maintain accurate counseling evaluations and written narratives in the Outcome Tracker system

Prepare appropriate training summary reports from business workshops in accordance with Small Business Administration (SBA) requirements and internal, standardized report forms

Assist with maintenance of current email/mailing list for Wacif’s TA communications

Prepare and disseminate appropriate promotional and advertising materials regarding Wacif’s TA initiatives, programs, and services.

Maintain working knowledge of government procurement to effectively assist clients

Participate in training programs for professional development and may attend paid programs (pending Director’s approval and funding)

Attend business industry events to generate referrals from external resource organizations and private sector network of assistance providers, to meet potential clients, and to foster relationships with business resource partners (lenders, chambers of commerce, business and professional trade associations, etc.)

Assist with the social media outreach efforts

Support and work with partner organizations to organize and deliver workshops to businesses in metropolitan Washington DC area

Assist with outreach and public relations, as needed

Prepare articles on client successes for public release, as directed

Required to work extended hours including weekends to conduct and participate in workshops, conferences, seminars, and other TA program related activities

Other duties as assigned by appropriate supervisory personnel

JOB KNOWLEDGE, QUALIFICATIONS & SKILLS REQUIRED

Bachelor’s degree from an accredited institution required

At minimum, 3 years of experience in small business technical assistance

Knowledge and understanding of the principles and practices of small business operations.

Ability to develop basic business plans, marketing plans, financial strategies, and business loan applications.

Ability to develop and present educational programs and/or workshops.

Knowledge of the characteristics and prerequisites of a successful business loan application.

Deep familiarity with and ability to analyze financial statements

Solid knowledge of the SBA’s Microloan, Community Advantage, and/or 7(A) loan programs, preferred.

Excellent oral, written, verbal and interpersonal communication skills with special attention to detailed editing of promotional materials, website and print pieces

Excellent public speaking, organizational, and problem-solving skills and abilities

Exceptional customer service

Fluency with Microsoft Office suite

Experience customer relationship management systems, WordPress, event registration platforms, and/or marketing automation systems is preferred

About the Washington Area Community Investment Fund (Wacif)

Since its inception in 1987, the Washington Area Community Investment Fund (Wacif) has closed nearly 400 loans totaling more than $32 million in strategic financing for small business startup and growth, affordable housing developments and cooperatives, and childcare and community facilities throughout the Washington, DC, metropolitan region. Wacif is a nonprofit Community Development Financial Institution (CDFI), and over the past five years has closed nearly 130 loans totaling $8 million, assisted over 2,000 entrepreneurs with small business coaching and technical assistance, resulting in over 300 local jobs created or retained.

COMPENSATION

Salary will range will vary with experience from $50,000 to $70,000. Medical, Dental, Vision, Life & Disability coverage available. Retirement plan (some employer contribution & matching); paid vacation (increased with tenure), holiday and sick leave days.

TO APPLY: Interested candidates should email a resume/CV, thoughtful cover letter that outlines how your skills and experience meet the qualifications of the position, and salary requirements to opportunity@wacif.org with “Small Business Advisor” in the subject line. 

Wacif is an equal opportunity employer and welcomes candidates from diverse backgrounds. We thank all those who apply, but only shortlisted candidates will be contacted. No calls please. Telephone inquiries will not be accepted.