the u.s. small business...

The U.S. Small Business Administration

Peter Cazamias, Associate Administrator Office of International Trade

FoundedbyanActofCongressIn1953theUnitedStatesCongressunifiedthefederalgovernment’ssmallbusinesseffortsintooneagency. SMALL BU SIN ESS ACT

[The Act of July 18, 1958]

Rev. 14

15 U.S.C. 631 et seq.; 72 Stat. 384 et seq.

As Amended Through P.L. 113–291 Enacted December 19, 2014

Created

SupportingSmallBusinessesAcrosstheUnitedStates

SBAprovideseducation,information,technicalassistance&trainingfree-of-charge• In-person,face-to-faceandonlineadvising,mentoring,andtrainingfor

everystageofbusinessgrowthanddevelopment.

SBDCsSmallBusiness

DevelopmentCentersSCORE

CounselorstoAmerica'sSmallBusiness

CDCsCertifiedDevelopment

CompaniesUSEACsExportAssistanceCenters

VBOCsVeteransBusinessOutreachCenters

WBCsWomen’sBusiness

Centers

+SBARegional&DistrictOffices

Twoflagshipbusinessloanguaranteeprogramshelpstart-upbusinesseslaunchandexistingbusinessexpand:

SBA provides a guarantee of select small business loans made by lender participants

7(a) Supports job creation and economic development through guaranteed debentures

504

Working Capital

Accounts Receivable

and InventoryEquipment Leasehold

ImprovementsReal Estate

and BuildingsCertain

Refinancing of Debt

Financing Change of Ownership

pool of investment capital

• Pensions, Foundations, Banks

• High-Net Worth Individuals

PRIVATE INVESTORS

U.S.GOVERNMENT

public-private partnership

SMALL BUSINESSES

For every $1 the fund raises from investors…

…the SBA will commit up to $2 of debt*

*Subject to a cap of $150 million

SBIC- SmallBusinessInvestmentCompanies:

SBIC- TheSmallBusinessInvestmentCompany:Amulti-billiondollarinvestmentprogramtobridgethegapbetweenentrepreneurs’needforcapitalandtraditionalsourcesoffinancing.

• $4billionauthorizationperyear• $23.78billionofassetsundermanagement• 299activeSBICs• $13billionofinvestmentsintomorethan6,300U.S.small

businessesacrossmultipleindustriesoverlast5years

SBIR– TheSmallBusinessInnovationResearchSTTR– SmallTechnologyTransferResearch

R&Dfundstodevelopcommerciallyviableinnovations• $2.2billionannualsetaside• 145,000awardsgranted• 10patentsperday

SBASuccessStories

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Agencysealimage

Office of International Trade

• Small Business Export Expansion Act of 1980: Established SBA’s Office of International Trade

• Small Business Jobs Act of 2010: Established OIT as a separate and distinct Office of the Administration and expanded SBA’s international trade programs

• Trade Facilitation and Trade Enforcement Act of 2015: Enacted the State Trade Expansion Program (STEP) as a permanent program

“SBA should aid and assist small businessesto increase their ability to compete inInternational markets”

Small Business ActJuly 30, 1953

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Office of International Trade Program Fast Facts

34,000 export activities supported

$1.5 billion of exports

FY 2010 to FY 20169,250 small business exporter

assisted$17.3 billion of exports

Three Global SME MinisterialsGlobal Market Access and De-

regulationForeign trade barrier serviceSmall business inquiry point

State Trade Expansion Program

(STEP)Trade Finance

International Affairs-Trade Policy

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Information Capital MarketAccess

Three Challenges for SmallBusiness Exporters

Lackofnecessaryinformation forexporting

Lackofnecessarycapital forexporting

Lackofnecessarymarketaccess forexporting

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SBA provides counseling, business development, capital, and trade affairs support as part of its Export Assistance Programs for small businesses—

COUNSELING

EXPORTBUSINESS

DEVELOPMENTASSISTANCE

CAPITAL

GLOBALMARKETACCESS

SBA Export Assistance Programs

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STEP Overview

ProgramOutcomes• IncreasethenumberofU.S.smallbusinessexporters

• IncreasethevalueofU.S.smallbusinessexports

ProgramAuthorizationTradeFacilitationandTradeEnforcementActof2015

(HR644)

ProgramPurpose• Providematching-fundawardstoeligiblestate/territoryapplicantstoassistU.S.smallbusinessesenterandsucceedintheinternationalmarketplace

• Awardsearnedthroughacompetitiveprocess

• Forexportdevelopmentonly;focusedongoodsandservices

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International Trade Finance

SBAoffersshort-andlong-termguaranteedexportfinancingtohelpincreasesmallbusiness’sabilitytocompeteininternationalmarkets

SBAExportFinanceProducts

ExportExpress

ExportWorkingCapitalProgram

InternationalTradeLoan

Spain

Mexico

Kenya

Argentina

Colombia

IsraelMorocco

Italy

Panama

Estonia

El SalvadorCuba

SBAhasledthreeGlobalSMEMinisterialmeetings,conveningMinistersandseniorofficialsfromover25nationstodiscussbestpracticeforsupportingSMEs.

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Taiwan

Promoting Global Entrepreneurship

SBA Global Market Access Strategy

1. AdvocateforU.S.smallbusinessinterestsinWTOandU.S.bilateraltradeagreementnegotiations:(greatertransparency,streamliningcustomsprocedures,andensureintellectualpropertyprotectiontopreventcostlytradebarriers)

2. Breakdowntradebarriersthrougha100%smallbusiness-dedicatedinquirypoint:(helpsmallbusinessesarticulatetheirtradeconcernsandconductduediligence)

3. Championtransparencyandregulatoryreforms(e.g.,de-regulation)inkeyglobalandemergingmarketsforU.S.smallbusinessexporters:(promoteopen,fair,andpredictablemarketstoenhancesmallbusinessinternationalization)

Thankyou!

Questions?

PeterCazamias,AssociateAdministratorOfficeofInternationalTrade