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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES ATTAC MENT 1 15' <br /> I <br /> QUICK REFERENCE CHARTS <br /> FEDERAL GOVERNMENT SOURCES <br /> —«►ROGRAM iVAMC«+� ems-?!/►PPLIUNTTYPE°�` =: ;DESCRIPTION �'„ -DISSURSEMENT'RANGE <br /> Small Business Administration 704l344.6S63 ; <br /> Most start-ups and small SBA guarantees up to 80%for loans under <br /> L businesses eligible.Special $100,000 or 75%for loans over$100,000 maximum guarantee is$750,000. Cost <br /> Gta ranteed7W Loan includes fixed or variable rate of loan plus <br /> rules apply for some made by private krmdass Loans range from 7 <br /> � awa �z guarantee fee plus service fee. <br /> ,..,•;,•�rd?••- ., .ter?•- industries. to 25 yrs. <br /> *-• Ch+e page application.SBA guarantees up to <br /> Guarantee at NY prime+2 114%for less <br /> Most start-ups and small than 7 yrs loan plus 2%guarantee fee plus <br /> . "LowDoe Program t 90%of loans made by private lenders. Max. <br /> businesses eligible. guarantee is S100,000. 5°A service fee.409 loans for over$22 = <br /> million to NC businesses in 1995 <br /> w. Small business desiring quick Participating SBA lenders use their own loan <br /> FASTRAK turnaround and requiring a process to make guarantees without SBA prior Loan guarantee is for 50%on maximum <br /> relatively low guaranty. review. total loan amount of$100,000. <br /> w Existing small business with Guarantees 75%of total loan amount.Max. <br /> Revolving line of credit for short-term or <br /> c4d;;es Revolving Line of cyclical or short-term need. guarantee is$750,000 for all CAPLines <br /> fluctuating working apical needs. Accounts <br /> Credit Same size requirements as except the Small Asset Based Line which has <br /> 71a) receivable or inventory used as collateral. max.of$200,000. <br /> Small businesses engaged in Combined effort of SBA and Ex-Im Bank to Maximum amount guaranteed is 57.25 <br /> International Trade Loan int'I trade or adversely support small businesses expanding into million consisting of$1 million for facilities <br /> ...program --, impacted by competition from export markets.Can be administered under and equipment and 5250,000 for working <br /> imports. either 504 or 7(a)programs. capital. <br /> Export working Capital.- exponers who need short- Funds are loaned to small businesses needing Maximum guarantee is 75%of loan or <br /> program': term working capital transaction-specific export financing. $750,000,whichever is less. <br /> Anv NC business that is at <br /> least 51%woman owned with SBA issues a prequalification letter of <br /> Preq�i'rfied Women's- guarantee to the owner of the business to be Maximum guarantee is 75°!of loan or <br /> Loan Program less than mm i annual given to the bank.Non profit intermediary 5250,000,whichever is less. <br /> sales and d less than n 100 <br /> employees. helps prepare a application and secure loan. <br /> Defense oriented businesses Loans to enable defense dependent firms to Total loan amount may be for$1.25 million. <br /> "DELTA looking to diversify May be administered under 504 loan <br /> operations. diversity into commercial markets. program or 7(a)loan guarantee program. <br /> Businesses with less than$6 Long-term fixed asset loans up to 20 yrs. CDC loan portion cannot exceed 40%of <br /> mm net worth and average °by combo financing of SBA backed project. Maximum SBA debenture <br /> 504 this $2 CDC's and banks.Rates based on current supporting the loan an be up to <br /> income less $2 mm over Treasury issues plus guarantee fee of about S1,000,000. $46.5 million in NC loans in <br /> last two yrs. 3% 1994. <br /> v ,: Stan-ups and small businesses SBA provides qualified intermediaries with Up to 525,000 loans.Rate for loans is 7.75% <br /> owned by women,low <br /> ),y� p �i funds that are then used for short-term,fixed to 8.5%above lender's'cost of money'i.e. <br /> ,..vl5 income'and minority interest rate microloans to small businesses. US treasury(S yr.)rate minus 1.25%. <br /> .....'l+E-rte:: entrepie teUrs. <br /> Five Small Business Investment Companies <br /> Small Businew Investment Any star-up or small business (SBICs),licensed by the SBA,provide equity Varies <br /> Company Program(SBIC) with high growth potential. capital and deWequity combinations to high <br /> - _ growth companies in NC. <br /> Participating federal agencies solicit for R&D Phase 1 5700,000 cant <br /> Small Business Innovation Start-up and existing g <br /> Research Program technology-based companies. proposals and award funding to qualified Phase 2 5750,000 grant <br /> businesses. <br /> 86 <br />