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BUSINESS RESOURCES Counseling and Training Research and Development Government Contracting Assistance International Trad

SBA - Small Business Administration Yours Small Business Resource Minnesota District Office 100 N. 6th Street, Butler Square Suite 210-C, Mpls, MN 55403 612-370-2343 - www.sba.gov/mn Small Business Resource Guide on line at www.deed.state.mn.us/publications. BUSINESS RESOURCES

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BUSINESS RESOURCES Counseling and Training Research and Development Government Contracting Assistance International Trad

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  1. SBA - Small Business AdministrationYours Small Business ResourceMinnesota District Office100 N. 6th Street, Butler Square Suite 210-C, Mpls, MN 55403612-370-2343 - www.sba.gov/mnSmall Business Resource Guide on line at www.deed.state.mn.us/publications • BUSINESS RESOURCES • Counseling and Training • Research and Development • Government Contracting Assistance • International Trade Assistance • FINANCING PROGRAMS • SBA Loans • Special 7(a) Loans • Other SBA Loan Programs • START UP KIT • Preparing you Business Plan

  2. SBA Business Resources - Counseling & Training Information CentersSmall Business Planning Center2324 University Avenue W., Midtown Commons, 651-209-1884 • The BPC core program: Business software, sample business plans • Members of SCORE (small business counselors) available daily to answer small business questions • Free small business Loan Seminar - Thursdays from 12:30-2:00 • LegalCORPS - Tuesdays from 4:00-7:00 • Lender counseling - Thursdays from 2:00-4:00

  3. SBA Business Resources - Counseling & Training Information CentersSmall Business Development CenterUniversity of St. Thomas, Michael Ryan, 651-962-4500 • Business Planning • Marketing • e-commerce Technology • Financial Analysis • Loan Packaging

  4. SBA Business Resources - Counseling & Training Information CentersWomen’s Business Network 8355 Unity Drive, Suite 100, Virginia, MN, 218-749-4191 Women Venture 2324University Avenue W., St. Paul, MN, 651-646-3808 Veterans Assistance via SBA

  5. SBA Business Resources - Research & DevelopmentSBIR - Small Business Innovation Research Programwww.sba.gov/sbirMinnesota Department of Employment and Economic Development 651-282-6714 • Research and Development Funding Program

  6. SBA Business Resources - Research & DevelopmentGovernment Contracting Assistance • Surety Bond Program • 8(a) Program • CCR - Central Contractor Registration • HUBZone Program

  7. SBA Business Resources - Research & DevelopmentInternational Trade Assistance • U.S. Export Assistance Center

  8. SBA Business Resources - Financing ProgramsSBA Loans (not grants) • Have Business Plan in hand • 7(a) Loan Guaranty Program - SBA assumes some risk • Verify eligibility: for profit business, size limits • Loan Limits: $2,000,000 (3.5% fee waved w/ 2009 Recovery Act)

  9. SBA Business Resources - Financing ProgramsSpecial 7(a) Guaranty Programs • Small & Rural Businesses • CAPLines • SBA Express • Patriot Express • Micro Loan Program

  10. SBA Business Resources - Financing ProgramsOther SBA Loan Programs • Venture Capital from Private Companies • 504 Loans - long term fixed assets (land or buildings) • Export Working Capital • SBA Export Express • International Trade Loan Program

  11. SBA Business Resources - Start Up KitThe American DreamIs Entrepreneurship for you? • Are you a self starter? • How well do you get along with different personalities? • How good are you at making decisions? • Do you have the physical and emotional stamina to run a business? • How well do you plan and organize? • Is your drive strong enough to maintain your motivation? • How will the business affect my family?

  12. SBA Business Resources - Start Up KitPreparing you Business Plan • Gives you a path to follow • Lets your banker in on the action • Provides a way to communicate your goals • Develops you as a manager

  13. SBA Business Resources - Start Up KitBusiness Plan Basics • Name of the Firm • List of Owners • Basic information on business • Type of business • History • Office situation (rent/own/location) • Personnel • Economic/Accounting (how do you make $) • Production • Legal • Future plans & exit strategy

  14. SBA Business Resources - Start Up KitBusiness Plan Basics • Market Analysis • Customers • Environment • Competition • Competitiveness • Projections • Marketing Strategy • Sales Strategy • Promotion • Management • Personnel information and experience • Financial • Sources and Uses • Statements

  15. SBA Business Resources - Start Up KitLender • Assess your financial needs • Interview Lenders • Visit a Lender

  16. SBA Business Resources - Start Up KitLender Options for 1st Timers • Friends or Family • Savings • Personal Bank Credit • Informal investors • Home Equity Loan • Credit Union • City or County Programs

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