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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES ATTACHMENT 1 4 <br /> QUICK REFERENCE CHARTS <br /> FEDERAL GOVERNMENT SOURCES <br /> era PROGRAM LAME APPLICANTIYPE' _ ,�<,_ -DESCRIPTION w .T_ `"DISSURSEMENTAANGE <br /> Small Business Administration 704/344-6563 <br /> n' t' Most Stan-ups and small SBA guarantees up to 809e for loans under Maximum guarantee is$750,000. Cost <br /> businesses eligible.Special $700,000 or 75%for loans over$100,000 <br /> Gwranteed 7(a}Loar► includes fixed or variable rate of loan plus <br /> rules apply for some made by private lenders. Loans range from 7 <br /> guarantee fee plus service fee. <br /> uexr ?;r industries. to 25 yrs. <br /> Most start-ups a One page application.SBA guarantees up to Guarantee at NY prime+2 1/4%for less <br /> nd small than 7 yrs loan plus 2%guarantee fee plus <br /> LowDoaPrograsn 90%of loans made by private lenders. Max. <br /> businesses eligible. .5%service fee.409 loans for over$22 <br /> guarantee is$700,000. <br /> million to NC businesses in 1995 <br /> Small business desiring quick Participating SBA lenders use their own loan <br /> FASTRAK of <br /> turnaround and requiring a process to make guarantees without SBA prior Loan guarantee is for on maximum <br /> relatively low guaranty. review. total loan amount of$700,000. <br /> Existing small business with Guarantees 75%of total loan amount.Max. <br /> Revolving line of credit for short-term or <br /> CAPLinks Revolving One cyclical or short-term need. guarantee is$750,000 for all CAPLines <br /> fluctuating working capital needs. Accounts -t <br /> Credit. Same size requirements as except the Small Asset Based Line which has <br /> 7(a) rece ivable or inventory used as collateral. max.of$200,000. <br /> At <br /> 3 <br /> Small businesses engaged in Combined effort of SBA and Ex-Im Bank to Maximum amount guaranteed is$1.25 <br /> International Trade Loan int'l trade or adversely support small businesses expanding into million consisting of$t million for facilities <br /> Program impacted by competition from export markets.Can be administered under and equipment and$250,000 for working 1 <br /> imports, either SO4 or 7(a)programs. capital. <br /> ' T <br /> 'Export Working Capital.; exporters who need short- Funds are loaned to small businesses needing Maximum guarantee is 75%of loan or <br /> Program,, ,i'- term working capital transaction-specific export financing. $750,000,whichever is less. <br /> _ 1 <br /> Any NC business that is at u <br /> feast 51%woman owned with SBA issues a prequalification letter of <br /> Pregtafified Women's-. guarantee to the owner of the business to be Maximum guarantee is 75%of loan or <br /> Loan P less than$S mm in annual given to the bank.Non profit intermediary $250,000,whichever is less. s <br /> sales and less than 100 re helps e application and secure loan. <br /> employees. P P Par aPP <br /> Defense oriented businesses Total loan amount may be for 51.25 million. <br /> Loans to enable defense dependent firms to <br /> DELTA looking to diversify May be administered under SD4 loan j <br /> operations. diversify into commercial markets. program or 7(a)loan guarantee program. 7j <br /> w Businesses with less than$6 Long-tern fixed asset loans up to 20 yrs. CDC loan portion cannot exceed 400/6 of <br /> mm net worth and average made by combo financing of SBA backed project Maximum SBA debenture <br /> SO4 t0W income less than 52 mm over CDC's and banks.Rates based on current supporting the loan can be up to <br /> last two yrs Treasury issues plus guarantee fee of about $1,000,000. $46.5 million in NC loans in <br /> i 3% 1994. <br /> Start-ups and small businesses e <br /> -,.r^ a •+.»t ,a..a�:.:. SBA provides qualified intermediaries with Up to$25,000 loans.Rate for loans is 7.75% s <br /> .y owned by women,low <br /> A4raoloan Program funds that are then used for short-term,fixed to 8.S%above lender's'cost of money'i.e. <br /> ,a1 s income;and minority ingest rate mieaoloans to small businesses. US treasury(S yr.)rate minus 1.25%. <br /> entrepreneurs. <br /> _ Five Small Business Investment Companies <br /> Small-Business Investtment Any start-up or small business (SBICs),licensed by the SBA,provide equity Varies <br /> Company Program(5810 with high growth potential. capital and debt/equity combinations to high <br /> y growth companies in NC. <br /> Participating federal agencies solicit for R&D <br /> Small Business iii novzfion Start-up and existing Phase 1 $700,000 grant <br /> proposals and award funding to qualified <br /> .Research Program.:.:. technology-based companies. Phase 2 5750,000 grant <br /> businesses. <br /> 5 <br /> i <br /> i <br /> t <br /> T <br /> t <br /> 1 <br /> 1 <br />