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Basic requirements
… you can bid on government proposals, you need to get a Unique Entity Identifier (UEI). A UEI is a unique 12-character, alpha-numeric value. You will … appealing is important to winning a government contract. Make sure to use accurate, descriptive terms about your … -
7(a) Working Capital Pilot program
… 7(a) Working Capital Pilot program The 7(a) Working Capital Pilot (WCP) program was designed to serve … will be immediately provided with delegated authority to make 7(a) WCP loans. Lenders who do not maintain delegated … -
5 Ways to Enhance the Power of Your Business Credit Profile
… the Power of Your Business Credit Profile November 8, 2017 A business credit profile is the face that a company presents … is important, you can take the steps necessary to make an impact. Here are five ways you can improve the … your company’s credit profile: Pay better than terms. The payment experiences other suppliers and companies have with … -
MI 15682 - SBA Offers Disaster Assistance to Michigan Residents Affected by Severe Storms and Flooding
… McMahon made the loans available in response to a letter from Gov. Rick Snyder on Sept. 4, requesting a disaster declaration by the SBA. The declaration covers … “Getting businesses and communities up and running after a disaster is our highest priority at SBA.” SBA’s Customer … -
Investment capital
… SBA. Content SBICs invest in small businesses An SBIC is a privately owned company that’s licensed and regulated by … an SBIC Find an SBIC using our online directory, and make sure they’re actively investing in businesses in your … and industry. 2. Prepare your business plan Get ready to make the case that investing in your business would be … -
Top Business Trends for 2021
… of and ways to adapt to challenges you may face. Here are a few business trends that are likely to dominate in 2021, … While e-commerce was already growing before the pandemic, a report by IBM shows the shift away from physical stores to … customers by making your site mobile-friendly. Alternative payment options will proliferate. Another trend that is … -
Whistleblower protection
… Content Whistleblower protection If you are a Federal employee, or employee of a contractor, subcontractor, or grantee submitting … in the SBA’s programs or operations, you are probably a whistleblower. Please be aware, however that specific … -
Small business size standards
… standards In order to compete for set-aside contracts, a business must meet SBA’s size standards – the maximum size a business can be to qualify as small. Businesses can … NAICS codes . Contracting officers must designate a NAICS code for a contract according to Title 13 … -
Office of Inspector General Hotline
… involving SBA programs or employees. Content Submit a complaint Report fraud, waste, abuse, or mismanagement of … trends that affect the SBA’s programs. Before you begin, make sure you have the following information available: SBA … programs of a federal agency other than the SBA , you may make a complaint directly to the Office of Inspector General … -
Six Ways to Prepare for a Successful Holiday Season
… Six Ways to Prepare for a Successful Holiday Season September 7, 2017 Guess what … these six tasks and delegating with your team. 1. Make a list, check it twice, and order supplies Reference … can help you meet your customers’ needs with ease. 2. Make holiday staff schedules It’s important to determine your … -
Report 10-10 - Audit of the Premier Certified Lenders in the Section 504 Loan Program
… of this report. We believe these modifications create a more readable product, while still protecting information … regulations require that any excess funds remaining after payment of staff and overhead expenses be retained by the CDC … the borrower’s officers, and (3) historical sales data to make sales projections. A process also needs to be developed … -
Veteran contracting assistance programs
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Stay legally compliant
… need them when you decide to sell your business or if a legal action is taken against your business. Requirements … federal taxes and complying with the Affordable Care Act. Make sure that you meet all federal tax obligations, … activities are regulated but don’t require filing. Make sure to stay in compliance with any applicable … -
SBA Announces Major Changes to Its Disaster Lending Program
… Isabella Casillas Guzman announced the agency finalized a rule to increase support to disaster survivors and small businesses needing relief following a federally declared disaster. The rule becomes effective for … interest rate for the first year and extend the initial payment deferment period automatically to 12 months for … -
In Today’s Economy, Cyber Safety Is Critical to Small Business Success
… to Small Business Success October 23, 2024 Cybercrime is a very real threat for the vast majority of Americans, and … As the owner of your business, it all starts with you. Make sure your company is founded upon a culture of security. … Cybersecurity Alliance events Stop.Think.Connect campaign Make sure your devices and networks are secure . … -
How to Get the Most From Cable TV Advertising
… consumers, television still holds the most sway. In fact, a recent survey reports TV ads are more trusted and more … consumers nationwide found that 60 percent are likely to make purchases after seeing or hearing an advertisement on TV. By comparison, 45 percent are likely to make a purchase after seeing a print advertisement, 43 … -
Export products
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Become an SBA lender
… lender, small business loans you issue will be backed by a federal guaranty. Content Why become an SBA lender? The … not. Security SBA will purchase the guaranteed portion of a loan if a borrower defaults. More clients Work with … machinery, equipment, supplies, furniture, fixtures Make lease-hold improvements, expand or renovate facilities … -
Audit Report 09-12: Review of SBA's National Guaranty Purchase Center Furniture Contract
… SBA contract for moving services had received an advance payment for the purchase and installation of furniture that … spent the advance funds to meet its payroll. As a result, the subcontractor repossessed the furniture causing … the SBA also violated Federal regulations by advancing a $226,678 payment to the prime contractor prior to the …