congressman honda's small business resource guide
DESCRIPTION
Small businesses are the engine of our economy – that’s why I’m proud to support small businesses as your Member of Congress. As the Lead Democratic Member of the Commerce, Justice, Science Appropriations Subcommittee, I’m working to boost support for the Department of Commerce’s work to create the conditions for economic growth and opportunity. Please use this guide as a resource for your small business.TRANSCRIPT
![Page 1: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/1.jpg)
SmallBusinessResourceGuide
U.S.REPRESENTATIVEMIKEHONDACalifornia’s17thCongressionalDistrict
March2016
![Page 2: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/2.jpg)
The Office ofCongressmanMikeHonda
Page|1
TableofContentsIntroduction ............................................................................................................................................................................ 4
CongressmanHondaServicesforSmallBusinesses .............................................................................................................. 5
LettersofSupportfromCongressmanHonda .................................................................................................................... 5
GrantLetterRequestForm ................................................................................................................................................. 6
Casework ............................................................................................................................................................................. 7
SmallBusinessResources .................................................................................................................................................... 8
FederalSupport ...................................................................................................................................................................... 9
SmallBusinessLoans ........................................................................................................................................................... 9
1) 7(a)LoanProgram ................................................................................................................................................... 9
2) CDC/504Loan ........................................................................................................................................................ 10
3) DisasterLoan ......................................................................................................................................................... 10
4) ExportExpressLoans ............................................................................................................................................. 11
5) ExportTransactionFinancing ................................................................................................................................ 11
6) InternationalTradeLoans ..................................................................................................................................... 12
7) MilitaryReservistsLoan ........................................................................................................................................ 12
8) PatriotExpress&PilotPrograms .......................................................................................................................... 13
9) Microloans ............................................................................................................................................................. 13
TechnicalSupportandDevelopmentPrograms ................................................................................................................ 15
1) SiliconValleyBusinessSourceCenters .................................................................................................................. 15
2) SmallBusinessDevelopmentCenters(SBDCS) ..................................................................................................... 16
3) Women’sBusinessCenters ................................................................................................................................... 16
4) DepartmentofDefenseProcurementTechnicalAssistanceProgram(PTAP) ...................................................... 16
5) SiliconValleyServiceCorpsofRetiredExecutives(SCORE) .................................................................................. 17
CapitalAccessPrograms .................................................................................................................................................... 18
1) SmallBusinessAdministrationPrograms .............................................................................................................. 18
TaxIncentives .................................................................................................................................................................... 20
1) AlternativeMinimumTaxExemption ................................................................................................................... 20
2) AmortizationofBusinessStart-UpCosts .............................................................................................................. 21
3) NetOperatingLosses ............................................................................................................................................. 21
4) PartialExclusionofCapitalGainsonCertainSmallBusinessStock ...................................................................... 21
5) LossesonSmallBusinessInvestmentCompanyStockTreatedasOrdinaryLosseswithoutLimitation .............. 221 |Page Small BusinessResourceGuide
![Page 3: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/3.jpg)
The Office ofCongressmanMikeHonda
Page|2
6) RolloverofGainsintoSpecializedSmallBusinessStock ....................................................................................... 22
7) UniformCapitalizationofInventoryCosts ............................................................................................................ 23
8) SimplifiedDollar-ValueLIFOAccountingMethodforSmallFirms ........................................................................ 23
9) TaxCreditforPensionPlanStar-UpCostsofSmallFirms ..................................................................................... 23
10) TaxCreditforCostofMakingaBusinessMoreAccessibletotheDisabled ..................................................... 24
GrantPrograms ................................................................................................................................................................. 25
SmallBusinessAdministration .......................................................................................................................................... 25
1) SmallBusinessInnovationResearchAwards(SBIR) .............................................................................................. 25
2) SmallBusinessTechnologyTransfer(STTR)Awards ............................................................................................. 26
UnitedStatesDepartmentofTransportation ................................................................................................................... 27
1) ProcurementAssistanceDivision .......................................................................................................................... 27
LocalFundingOpportunities. ............................................................................................................................................... 30
CaliforniaSmallBusinessLoans ......................................................................................................................................... 30
1) CaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC)Programs ..................................... 30
2) IndustrialDevelopmentRevenueBond(IDB)Program ........................................................................................ 31
3) RecyclingMarketDevelopmentZone(RMDZ)RevolvingLoanProgram .............................................................. 32
4) ReplacementofUndergroundStorageTank(RUST)Program–Loans ................................................................. 33
5) CaliforniaCapitalAccessProgram(CalCAP) .......................................................................................................... 34
6) SmallBusinessLoanGuaranteeProgram .............................................................................................................. 34
7) SmallBusinessPollutionControlTax-ExemptBondFinancingProgram .............................................................. 35
CaliforniaTechnicalSupportandDevelopmentProgramsforSmallBusiness ................................................................. 37
1) CaliforniaGetYourBusinessOnline ...................................................................................................................... 37
2) BusinessMatchmaking .......................................................................................................................................... 37
3) SiliconValleyServiceCoreofRetiredExecutives(SCORE) .................................................................................... 38
4) DisabledVeteranBusinessEnterprise(DVBE)andSmallBusiness(SB)CertificationPrograms .......................... 38
5) DisadvantagedBusinessPrograms ........................................................................................................................ 39
CaliforniaSmallBusinessTaxIncentives ........................................................................................................................... 41
1) EnterpriseZoneProgram ...................................................................................................................................... 41
2) LocalAgencyMilitaryBaseRecoveryArea(LAMBRA) .......................................................................................... 43
3) OtherTaxIncentives .............................................................................................................................................. 44
CaliforniaSmallBusinessGrants ....................................................................................................................................... 45
1) InnovativeCleanAirTechnologies(ICAT)Program ............................................................................................... 45
2 |Page SmallBusinessResourceGuide
![Page 4: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/4.jpg)
The Office ofCongressmanMikeHonda
Page|3
2) ElectricProgramInvestmentCharge(EPIC) .......................................................................................................... 45
3) TheBuyCaliforniaInitiative .................................................................................................................................. 46
4) TireGrantProgram ................................................................................................................................................ 47
5) ReplacementofUndergroundStorageTanks(RUST)Program–Grants .............................................................. 48
3 |Page SmallBusinessResourceGuide
![Page 5: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/5.jpg)
The Office ofCongressmanMikeHonda
Page|4
Introduction
DearFriend,
Smallbusinessesaretheengineofoureconomy–that’swhyI’mproudtosupportsmallbusinessesasyourMemberofCongress.AstheLeadDemocraticMemberoftheCommerce,Justice,ScienceAppropriationsSubcommittee,I’mworkingtoboostsupportfortheDepartmentofCommerce’sworktocreatetheconditionsforeconomicgrowthandopportunity.
HittingthegroundrunningonthefirstweekofthisCongress,Iintroducedfourbillsdesignedtohelpstart-upand
smallbusinessescreatejobsastheyworktofurtherexpandSiliconValley’sinnovationeconomy.Companiesonthebrinkofbreakthroughsthatwillimprovethelivesofmillionsofpeopleneedassistancetostayinbusinessuntiltheycanbeginturningaprofitontheirinnovations.Thejobsthesebusinessescreatewillhelpreducetheincomeinequalitythatishurtingouroveralleconomy.
Additionally,myjobistoserveyouasaliaisonwiththefederalgovernment–oftentolesserknownresources.My
officesinSantaClara,CAandWashington,D.C.arebothavailabletoassistyou,whetherit'sfollowinguponapendingvisaapplication,resolvingdifficultieswithshipmentsincustoms,inquiringaboutfederalloansorregulations,orprovidingaletterofsupportwhenyouareseekingafederalgrant.Mystaffcanconnectyouwithfederalresourcesandagenciesthatassistsmallbusinessesandentrepreneursonarangeofissues,includingbusinessregulations,financing,governmentcontracting,exportassistance,andoverseasinvestmentopportunities.
Caseinpoint:MystaffhelpedMark,aCA17resident,aftertheIRSerroneouslylevieda$34,000taxagainsthisclosedcompany.WeworkedwiththeIRSforfourmonthsuntilhisentirepenaltywasabated.WealsohelpedMaria,alawfulpermanentresident,whenhersonswerestillpetitioningtobecomelawfulpermanentresidents.MystaffinquiredandMaria’ssonsimmediatelyreceivedemploymentauthorizationandwereabletostartwork.YoucancontinuetocountonmyservicesandcommitmenttolegislationtosupporttheentrepreneurialspiritanddynamiceconomyofSiliconValley.
FormoreinformationonhowIcanhelpyourbusiness,
pleasevisithttp://honda.house.gov/services/business-assistanceSincerely,
MikeHondaU.S.HouseofRepresentatives
4 |Page SmallBusinessResourceGuide
![Page 6: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/6.jpg)
The Office ofCongressmanMikeHonda
Page|5
CongressmanHondaServicesforSmallBusinesses
LettersofSupportfromCongressmanHonda
WhileCongressmanHondadoesNOTdecidewhichorganizationsareawardedgrantsorotherfederalfunding,thereareinstancesinwhichitisappropriatefortheCongressmantowritealetterofsupportforanapplication.Ifyouwishtorequestaletterofsupportforyourapplication,youmustsupplyCongressmanHondawiththefollowing:
1. Adescriptionofyourorganization,2. Asummaryoftheapplication,3. Adescriptionofwhatthemoneywillbeusedfor,and4. Adraftletterofsupport
Pleasesendthisinformationviatheformonpage6(GrantLetterRequestForm)toHonda.district@mail.house.govorbymailtoeitherourdistrictofficeorourofficelocatedinWashington,DC:
Washington,DCOffice1713LongworthHouseOfficeBuildingWashington,DC20515Phone:202-225-2631Fax:(202)225-2699
DistrictOffice900LafayetteStreet,Suite206SantaClara,CA95050Phone:(408)436-2720Fax:(408)436-2721
5 |Page SmallBusinessResourceGuide
![Page 7: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/7.jpg)
The Office ofCongressmanMikeHonda
Page|6
GRANTLETTERREQUESTFORM
Requestswillbereviewedwithintwobusinessdays.Ifapproved,grantsupportlettersaretypicallyavailablewithin5businessdaysYouMUSTprovideadraftgrantsupportletteratthetimeoftherequest.
GrantApplicantInformation
• Organization/Agency: • ContactPerson/Title: • Address: • Telephone: • Fax: • Email:
GrantorInformation
• Organization/Agency: • ContactPerson/Title: • Address: • Telephone: • Fax: • Email:
GrantInformation
• TitleofGrant:
• TitleofProject/Program:
• AmountRequested: • BriefDescriptionofProject/Program:
• TargetCommunity(Whowillbeserved?):
MailingInstructionsSendletterto: Grantor GranteeMethod: USMail Fax Email(scanned)Pickup Other Address(ifdifferentthanabove): GrantApplicationDeadline: GrantLetterReceiptDeadline: AdditionalInformation
6 |Page SmallBusinessResourceGuide
![Page 8: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/8.jpg)
The Office ofCongressmanMikeHonda
Page|7
Casework
Ifyouhaveencounteredaprobleminvolvingafederalgovernmentagencyorfederallysubsidizedbenefitthatyouhavenotbeenabletosuccessfullyresolve,CongressmanHonda’sstaffofconstituentliaisonsmaybeabletoassistyouinthefollowingareas:
EmploymentIssues:includingassistancewithdisabilitybenefits,employer-providedhealthcareplansandCOBRA,FamilyMedicalLeaveAct(FMLA)benefits,pensions,unemploymentbenefits,FederalandStateWorkersCompensationclaimsandretirement-relatedissues.
ConsumerAffairs:includingassistanceobtainingahomeloanmodificationundertheMakingHomeAffordableProgram,insuranceclaims,dissatisfactionwithconsumerproductsorservices,environmentalregulationsandconcernsregardingairquality,waterorlandcontamination.
ImmigrationIssues:includingissueswithvisitorvisas,familyandemploymentbasedvisas,lawfulpermanentresidentstatus,naturalization,internationaladoptions,detention,passports,customsandborderissuesandassistancetoAmericanCitizensincrisisabroad.
VeteranIssues:includingissueswithVApensionanddisabilitybenefits,educationbenefits,veteranburialorfuneralissuesandissuesregardingtheVAmedicalcenters.
IRSIssues:includingconnectingconstituentswiththeTaxpayerAdvocateServicetoaddressfederaltaxissuesincludinglostordelayedtaxrefunds,penaltyabatements,paymentinstallationplans,taxcredits,referralstoIRSLowIncomeTaxClinicsandpapertaxforms.
MilitaryIssues:includingissuespertainingtotheDepartmentofDefense,Army,Navy,MarineCorps,AirForce,CoastGuard,ReservesandCaliforniaNationalGuard,aswellasobtainingmilitaryrecords,medalsandacademynominations.
HealthCareIssues:includingissueswithMedicareandMedicaid,healthinsurance,insuranceproviders,nursinghomes,hospitals,andprescriptiondrugs.
SocialSecurity:includingissueswithSupplementalSecurityIncome,SocialSecurityDisability,survivors’benefits,andretirementbenefits.
SocialServices:includingissueswithfoodstamps,HEAP(low-incomeheatingprogram),FEMAanddisasterrelief,andissuesrelatedtofederallysubsidizedhousing.
Pleasevisitthe“Services”sectionofwww.honda.house.govorcall(408)436-2720forfurtherinformation.Pleasenotethatifyouareseekingassistancewithacasethatinvolvesalawsuitorlitigation,HouseRulesprohibittheOfficeofCongressmanHondafromgivinglegaladviceorinterveningintheproceeding.
7 |Page SmallBusinessResourceGuide
![Page 9: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/9.jpg)
The Office ofCongressmanMikeHonda
Page|8
SmallBusinessResources
1. ForSmallBusinessresourcesspecifictoCalifornia,includinginformationonstartingorexpandingbusiness,pleasevisit:http://business.ca.gov/Programs/SmallBusiness.aspx
2. Formoreinformationonfederalsmallbusinessloans,pleasevisit:https://www.sba.gov/content/what-sba-
offers-help-small-businesses-grow3. Forveteranslookingforbusinessassistance,pleasevisittheVeteransBusinessOutreachCenterat:
http://www.vbocix.org/
8 |Page SmallBusinessResourceGuide
![Page 10: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/10.jpg)
The Office ofCongressmanMikeHonda
Page|9
FederalSupport
SmallBusinessLoans
1) 7(a)LoanProgramØ The7(a)LoanProgramisSBA’sprimaryprogramtohelpstart-upandexistingsmallbusinessesobtain
financingwhentheymightnotbeeligibleforbusinessloansthroughnormallendingchannels.Thenamecomesfromsection7(a)oftheSmallBusinessAct,whichauthorizesSBAtoprovidebusinessloanstoAmericansmallbusinesses.SBAitselfdoesnotmakeloans,butratherguaranteesaportionofloansmadeandadministeredbycommerciallendinginstitutions.
AdditionalInformation:
Ø 7(a)loansarethemostbasicandmostcommonlyusedtypeofloans.Theyarealsothemostflexible,sincefinancingcanbeguaranteedforavarietyofgeneralbusinessproposals,includingworkingcapital,machineryandequipment,furnitureandfixtures,landandbuilding(includingpurchase,renovationandnewconstruction),leaseholdimprovements,anddebtrefinancing(underspecialconditions).
Ø All7(a)loansareprovidedbylenderswhoarecalledparticipantsbecausetheyparticipatewithSBAinthe7(a)program.Notalllenderschoosetoparticipate,butmostAmericanbanksdo.Therearealsosomenon-banklenderswhoparticipatewithSBAinthe7(a)program,whichexpandstheavailabilityoflendersmakingloansunderSBAguidelines.
Eligibility:
Ø Theeligibilityrequirementsaredesignedtobeasbroadaspossibleinorderforthislendingprogramtoaccommodatethemostdiversevarietyofsmallbusinessfinancingneeds.AllbusinessesthatareconsideredforfinancingunderSBA’s7(a)loanprogrammust:meetSBAsizestandards,befor-profit,notalreadyhavetheinternalresources(businessorpersonal)toprovidethefinancingandbeabletodemonstraterepayment.
Ø Eligibilityfactorsforall7(a)loansinclude:size,typeofbusiness,useofproceedsandtheavailabilityoffundsfromothersources.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/7a-loan-program
9 |Page SmallBusinessResourceGuide
![Page 11: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/11.jpg)
The Office ofCongressmanMikeHonda Page|10
2) CDC/504LoanØ TheCDC/504Loanprogramisalong-termfinancingtoolforeconomicdevelopmentwithinacommunity.
The504Programprovidesgrowingbusinesseswithlong-term,fixed-ratefinancingformajorfixedassets,suchaslandandbuildings.ACertifiedDevelopmentCompany(CDC)isanonprofitcorporationsetuptocontributetotheeconomicdevelopmentofitscommunity.CDCsworkwiththeSBAandprivate-sectorlenderstoprovidefinancingtosmallbusinesses.Thereareabout270CDCsnationwide,witheachcoveringaspecificgeographicarea.
AdditionalInformation:
Ø Proceedsfrom504loansmustbeusedforfixedassetprojectssuchas:purchasinglandandimprovements,includingexistingbuildings,grading,streetimprovements,utilities,parkinglotsandlandscaping;constructionofnewfacilities,ormodernizing,renovatingorconvertingexistingfacilities;orpurchasinglong-termmachineryandequipment.The504Programcannotbeusedforworkingcapitalorinventory,consolidatingorrepayingdebt,orrefinancing.
Ø Interestrateson504loansarepeggedtoanincrementabovethecurrentmarketrateforfive-yearand10-yearU.S.Treasuryissues.Maturitiesof10and20yearsareavailable.Feestotalapproximatelythree(3)percentofthedebentureandmaybefinancedwiththeloan.
Eligibility:
Ø Tobeeligible,thebusinessmustbeoperatedforprofitandfallwithinthesizestandardssetbytheSBA.Underthe504Program,thebusinessqualifiesassmallifitdoesnothaveatangiblenetworthinexcessof$7.5millionanddoesnothaveanaveragenetincomeinexcessof$2.5millionaftertaxesfortheprecedingtwoyears.Loanscannotbemadetobusinessesengagedinspeculationorinvestmentinrentalrealestate.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/cdc-504
Ø Telephone:(800)827-5722
3) DisasterLoanØ Ifyouareinadeclareddisasterareaandarethevictimofadisaster,youmaybeeligibleforfinancial
assistancefromtheU.S.SmallBusinessAdministration(SBA)-evenifyoudon'townabusiness.Asahomeowner,renterand/orpersonal-propertyowner,youmayapplytotheSBAforaloantohelpyourecoverfromadisaster.
AdditionalInformation:
Ø PersonalPropertyLoan:Thisloancanprovideahomeownerorrenterwithupto$40,000tohelprepairorreplacepersonalproperty,suchasclothing,furniture,automobiles,etc.,lostinthedisaster.Asaruleofthumb,personalpropertyisanythingthatisnotconsideredrealestateorapartoftheactualstructure.Thisloanmaynotbeusedtoreplaceextraordinarilyexpensiveorirreplaceableitems,suchasantiques,collections,pleasureboats,recreationalvehicles,furcoats,etc.
Ø RealPropertyLoan:Ahomeownermayapplyforaloanofupto$200,000torepairorrestoretheirprimaryhometoitspre-disastercondition.Theloanmaynotbeusedtoupgradethehomeormakeadditionstoit.If,however,cityorcountybuildingcodesrequirestructuralimprovements,theloanmaybeusedtomeettheserequirements.Loansmaybeincreasedbyasmuchas20percenttoprotectthedamagedrealpropertyfrompossiblefuturedisastersofthesamekind.
ContactInformation:
10 |Page SmallBusinessResourceGuide
![Page 12: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/12.jpg)
The Office ofCongressmanMikeHonda
Page|11
Ø Formoreinformationpleasevisit:https://www.sba.gov/loans-grants/see-what-sba-offers/sba-loan-programs/disaster
Ø Telephone:(800)827-5722
4) ExportExpressLoansØ TheSBAExportExpressprogramprovidesexportersandlendersastreamlinedmethodtoobtainSBAbacked
financingforloansandlinesofcreditupto$250,000.Lendersusetheirowncreditdecisionprocessandloandocumentation;exportersgetaccesstotheirfundsfaster.TheSBAprovidesanexpeditedeligibilityreviewandprovidesaresponseinlessthan24hours.
AdditionalInformation:
Ø SBAExportExpressloansareavailabletobusinessesthatmeetthenormalrequirementsforanSBAbusinessloanguaranty.Financingisavailableformanufacturers,wholesalers,exporttradingcompaniesandserviceexporters.Loanapplicantsmustdemonstratethattheloanproceedswillenablethemtoenteranewexportmarketorexpandanexistingexportmarket.Applicantsmusthavebeeninbusiness,thoughnotnecessarilyinexporting,foratleast12months.
Ø TheSBAdoesnotestablishorsubsidizeinterestratesonloans.Interestratesarenegotiatedbetweentheborrowerandthelender,butmayneverexceedSBAinterestratecaps.Ratescaneitherbefixedorvariable,andaretiedtotheprimerateaspublishedinTheWallStreetJournal.
ContactInformation:
Ø SanFrancisco(Territory:NorthernCalifornia)JeffDeissInternationalTradeFinanceManger,WesternUSOfficeofInternationalTrade,SBA
U.S.SmallBusinessAdministration50FremontStreet,Suite2450SanFrancisco,CA94105Tel:415-744-7730Fax:202-292-3534Email:[email protected]
Ø MoreInformation:https://www.sba.gov/content/export-express-loan-program
5) ExportTransactionFinancingØ SBA’sExportWorkingCapitalProgram(EWCP)loansaretargetedforbusinessesthatareabletogenerate
exportsalesandneedadditionalworkingcapitaltosupportthesesales.SBA’saimfortheEWCPprogramistoensurethatqualifiedsmallbusinessexportersdonotloseviableexportsalesduetoalackofworkingcapital.
AdditionalInformation:
Ø Applicationismadedirectlytolenders.InterestedbusinessesareencouragedtocontacttheSBAstaffataU.S.ExportAssistanceCenter(USEAC)todiscusswhethertheyareeligiblefortheEWCPprogramandwhetheritistheappropriatetooltomeettheirexportfinancingneeds.Theparticipatinglendersreview/approvetheapplicationsandsubmittherequesttotheSBAstaffattheUSEAClocationservicingtheexporters’geographicalterritory.
11 |Page SmallBusinessResourceGuide
![Page 13: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/13.jpg)
The Office ofCongressmanMikeHonda
Page|12
Ø ThemaximumEWCPlineofcredit/loanamountis$2million.Participatingbanksreceivea90%SBAguarantyprovidedthatthetotalSBAguaranteedportiontotheborrowerdoesnotexceed$1.5million.InthoseinstanceswheretheSBAguaranteedportionreachesthe$1.5millioncap,bankscanstillgeta90%guarantythankstoaco-guarantyprogrambetweenSBAandtheExport-ImportBankoftheUnitedStates(EXIM).
Ø TheSBAdoesnotestablishorsubsidizeinterestratesonloans.Theinterestratecanbefixedorvariableandisnegotiatedbetweentheborrowerandtheparticipantlender.
ContactInformation:
Ø Phone:(800)827-5722Email:[email protected]
6) InternationalTradeLoansØ TheSBAInternationalTradeLoanprogramisatermloandesignedforbusinessesthatplantostart/continue
exportingorthosethatthathavebeenadverselyaffectedbycompetitionfromimports.TheproceedsoftheLoanmustenabletheborrowertobeinabetterpositiontocompete.
AdditionalInformation:
Ø EligibleBusinessesSmallbusinessesthatareinapositiontoexpandexistingexportmarkets/developnewexportmarketsorsmallbusinessesthathavebeenadverselyaffectedbyinternationaltradeandcandemonstratethattheLoanproceedswillimprovetheircompetitivepositionareeligibleforInternationalTradeLoans
Ø LoanAmountThemaximumgrossamount($2million)andSBA-guaranteedamount($1.5million)foranInternationalTradeLoanisthesameasaregular7(a)loan.However,thereisanexceptiontothemaximumSBA7(a)guarantyamounttooneborrower.WhenthereisanInternationalTradeloanandaseparateworkingcapitalloan,themaximumSBAguarantyonthecombinedloanscanbeupto$1.75millionaslongastheSBAguarantyontheworkingcapitalloandoesnotexceed$1,250,000.
Ø InterestRateTheSBAdoesnotestablishorsubsidizeinterestratesonloans.Interestratesarenegotiatedbetweentheborrowerandthelender,subjecttoSBAcaps.Ratescaneitherbefixedorvariable,andaretiedtotheprimerateaspublishedinTheWallStreetJournal.Forloansgreaterthan$50,000andmaturityinexcessof7years,lendersmaychargeupto2.75percentoverprimerate.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.sba.gov/content/international-trade-loanØ Phone:(800)827-5722
7) MilitaryReservistsLoanØ ThepurposeoftheMilitaryReservistEconomicInjuryDisasterLoanprogram(MREIDL)istoprovidefundsto
aneligiblesmallbusinesstomeetitsordinaryandnecessaryoperatingexpensesthatitcouldhavemet,butisunabletomeet,becauseanessentialemployeewas"called-up"toactivedutyintheirroleasamilitaryreservist.
Ø Theseloansareintendedonlytoprovidetheamountofworkingcapitalneededbyasmallbusinesstopayitsnecessaryobligationsastheymatureuntiloperationsreturntonormalaftertheessentialemployeeisreleasedfromactivemilitaryduty.Thepurposeoftheseloansisnottocoverlostincomeorlostprofits.MREIDLfundscannotbeusedtotaketheplaceofregularcommercialdebt,torefinancelong-termdebtortoexpandthebusiness.
12 |Page SmallBusinessResourceGuide
![Page 14: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/14.jpg)
The Office ofCongressmanMikeHonda
Page|13
Ø FederallawrequiresSBAtodeterminewhethercreditinanamountneededtoaccomplishfullrecoveryisavailablefromnon-governmentsourceswithoutcreatinganunduefinancialhardshiptotheapplicant.Thelawcallsthiscreditavailableelsewhere.Generally,SBAdeterminesthatover90%ofdisasterloanapplicantsdonothavesufficientfinancialresourcestorecoverwithouttheassistanceoftheFederalgovernment.BecausetheMilitaryReservisteconomicinjuryloansaretaxpayersubsidized,CongressintendedthatapplicantswiththefinancialcapacitytofundtheirownrecoveryshoulddosoandthereforearenoteligibleforMREIDLassistance.
AdditionalInformation:
Ø Thelawauthorizesloantermsuptoamaximumof30years.SBAdeterminesthetermofeachloaninaccordancewiththeborrower'sabilitytorepay.Basedonthefinancialcircumstancesofeachborrower,SBAdeterminesanappropriateinstallmentpaymentamount,whichinturndeterminestheactualterm.
Ø LoanAmountLimit-$2,000,000:Theactualamountofeachloan,uptothismaximum,islimitedtotheactualeconomicinjuryascalculatedbySBA,notcompensatedbybusinessinterruptioninsuranceorotherwise,andbeyondtheabilityofthebusinessand/oritsownerstoprovide.Ifabusinessisamajorsourceofemployment,SBAhasauthoritytowaivethe$2,000,000statutorylimit.
ContactInformation:
Ø Phone:(800)827-5722Email:[email protected]:https://www.sba.gov/content/military-reservists-economic-injury-loans
8) SBAExpressProgramØ TheSBAExpressloanisofferedbySBA’snetworkofparticipatinglendersnationwideandfeaturestheir
fastestturnaroundtimeforloanapprovals—about36hours.Loansareavailableupto$350,000andqualifyforSBA’smaximumguarantyofupto50percentforloansof$150,000orless.
AdditionalInformation:
Ø TheSBAanditsresourcepartnersarefocusingadditionaleffortsoncounselingandtrainingtoaugmentthisloaninitiative.
EligibleApplicants:
Ø LoansmadeunderthisprogramgenerallyfollowSBA’sstandardsforthe7(a)LoanProgram
ContactInformation:Ø MoreInformation:https://www.sba.gov/content/sba-express
9) MicroloansØ TheMicroloanProgramprovidessmall,short-termloanstostart-up,newlyestablished,orgrowingsmall
businessconcerns.Underthisprogram,SBAmakesfundsavailabletononprofitcommunity-basedlenders(intermediaries)which,inturn,makeloanstoeligibleborrowersinamountsuptoamaximumof$50,000.Theaverageloansizeisabout$13,000.Applicationsaresubmittedtothelocalintermediaryandallcreditdecisionsaremadeonthelocallevel.
13 |Page SmallBusinessResourceGuide
![Page 15: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/15.jpg)
The Office ofCongressmanMikeHonda
Page|14
AdditionalInformation:Ø Themaximumtermallowedforamicroloanissixyears.However,loantermsvaryaccordingtothesizeof
theloan,theplanneduseoffunds,therequirementsoftheintermediarylender,andtheneedsofthesmallbusinessborrower.
ContactInformation:
Ø MoreInformation:https://www.sba.gov/offices/headquarters/ofa/resources/11432
14 |Page SmallBusinessResourceGuide
![Page 16: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/16.jpg)
The Office ofCongressmanMikeHonda
Page|15
TechnicalSupportandDevelopmentPrograms
1) SmallBusinessDevelopmentCenters(SBDC)Ø SBDCsprovidefreeorlow-costassistancetosmallbusinessesusingprogramscustomizedtolocal
conditions.TheSBDCalsofocusesonprojectsthatadvancethejobdevelopment,investmentandeconomicgrowthprioritiesofCalifornia,withanemphasisonmanufacturers,exportersandtechnology-orientedfirms.
AdditionalInformation:
Ø SBDCssupportsmallbusinessinmarketingandbusinessstrategy,finance,technologytransfer,governmentcontracting,management,manufacturing,engineering,sales,accounting,exporting,andothertopics.SBDCsarefundedbygrantsfromtheSBAandmatchingfunds.Therearemorethan1,100SBDCswithatleastoneineverystateandterritory.
ContactInformation:
Ø SiliconValleySBDCatEnterpriseFoundation480North1stStreet,Suite210SanJose,CATelephone:(408)248-4800Fax:(408)385-9156Website:http://svsbdc.org
Ø SBATelephone:(800)732-7232MoreInformation:https://www.sba.gov/tools/local-assistance/sbdc
Ø AlamedaCountySBDCatOfficesofOBDC
2101WebsterStreet,Suite1200Oakland,CA94612Telephone:(510)208-0410Website:http://acsbdc.org/
Ø SBDCHispanicSatelliteatEnterpriseFoundation480North1stStreet,Suite210SanJose,CATelephone:(408)248-4800Fax:(408)385-9156Website:http://sbdchc.org/
15 |Page SmallBusinessResourceGuide
![Page 17: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/17.jpg)
The Office ofCongressmanMikeHonda
Page|16
2) SBAWomen’sBusinessCentersTheSBAWomen’sBusinessCenter(WBC)isdedicatedtotrainingandassistingwomeninbusinessorthosewhowanttostartupabusiness.ThisCenterprovidesavarietyofbusinessskillsandongoingtechnicalassistancetowomeninthirty-fourcounties.WBCsaresimilartoSmallBusinessDevelopmentCenters,excepttheyconcentrateonassistingwomenentrepreneurs.Programsincludemicroenterprisedevelopmentandassetbuilding,financialliteracy,loansandcredit,one-on-onetechnicalassistance,andBusinessActionCircles.
ContactInformation:
Ø AnewAmerica210N4thStreet,Suite205SanJose,CA95112Phone:408-326-2669Fax:408-645-5972
Ø JanetGarciaAdministrativeAssistantPhone:[email protected]
3) DepartmentofDefenseProcurementTechnicalAssistanceProgram(PTAP)Ø ProcurementTechnicalAssistanceCentersarealocalresource,availableatnoornominalcost,thatcan
provideassistancetobusinessesinmarketingproductsandservicestotheFederal,stateandlocalgovernments.
ContactInformation:
Ø CaliforniaCFDC–PTAC1792TributeRoad,Suite270Sacramento,CA95815Telephone:916-442-1729Website:http://www.cacapital.org/
16 |Page SmallBusinessResourceGuide
![Page 18: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/18.jpg)
The Office ofCongressmanMikeHonda
Page|17
4) ServiceCorpsofRetiredExecutives(SCORE)Ø TheServiceCorpsofRetiredExecutives(SCORE)usesover11,000volunteerstobringpracticalexperienceto
start-upsmallbusinessandtothosethinkingaboutstartinganewsmallbusiness.SCOREprovidesmentoringandworkshops.
ContactInformation:
Ø SiliconValleySCORE234EastGishRoad,Suite100SanJose,CA95112Telephone:(408)453-6237MoreInformation:http://www.svscore.org/
5) MinorityBusinessDevelopmentAgencyØ SanJoseMBDABusinessCenterisafederallyfundedprojectbyTheU.S.DepartmentofCommerce’s
MinorityBusinessDevelopmentAgency(MBDA),andASIAN,Inc.ofSanFrancisco.Ø TheSanJoseMBDABusinessCenterisanentrepreneurially-focusedprogram;Theirprimaryobjectiveisto
assisttheintegrationandparticipationoftheminority-ownedbusinesscommunityinthenation’seconomicgrowth.Understandingthatthisisataskthatrequiressynergiesbeyondtheeffortsofasingleorganization,wehaveestablishedaprivate/public,multi-industry-sectornetworkofbuyers,suppliersandserviceprovidersthatresultsinaholistic,addedvaluebusinessservicetoourpartnersandclients.
ContactInformation:
Ø SanJoseMBDABusinessCenter3031Tischway,Suite80SanJose,CA95128Telephone:(408)998-8058MoreInformation:http://www.mbda.gov/businesscenters/sanjose
17 |Page SmallBusinessResourceGuide
![Page 19: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/19.jpg)
The Office ofCongressmanMikeHonda
Page|18
CapitalAccessPrograms
1) SmallBusinessAdministrationProgramsØ SmallBusinessInvestmentCompanies(SBICs)
SBICsareprivatelyownedcompaniesthatarelicensedbytheSBAtoprovidedebtandequitycapitaltosmallbusinesses.TheycanobtainloansfromtheSBAtosupplementtheirowncapital.
FortheSBICprogram,asmallbusinessisabusinesswithnetworthof$18millionorlessandanaverageafter-taxincomeforthetwoprecedingyearsof$6millionorless.Therearealternativesizestandardsinsomeindustries.TheSBICsellsadebenturetotheSBA,whichguaranteesrepaymentandcreatesapoolofthesedebenturesforresaleonthesecondarymarket.SBICscanborrowthreetimestheirprivatecapital,uptoamaximumof$113million.
Ø NewMarketVentureCapital
NewMarketVentureCapitalisaprogramthatencouragesequityinvestmentsinsmallbusinessesinlow-incomeareasthatmeetspecificstatisticalcriteriaestablishedbyregulation.Ataxcreditisavailableonacompetitivebasis.
ContactInformation:
Ø BayAreao AlpineInvestorsIVSBIC,LP
Contact:TaraGenstilTwoEmbarcaderoCenter,Suite2320SanFrancisco,CA94111Telephone: (415)392-9100Fax:(415)392-9101Email:[email protected]:http://www.alpine-investors.com
18 |Page SmallBusinessResourceGuide
![Page 20: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/20.jpg)
The Office ofCongressmanMikeHonda
Page|19
o ChamplainCapitalPartnersII,L.P.Contact:DennisM.LearyOnePostStreetSuite925SanFrancisco,CA94104Phone:(415)228-4181Fax:(415)362-3211Email:[email protected]:http://www.champlaincapital.com
o HerculesTechnologyII,L.P.Contact:AndrewOlson400HamiltonAvenue,Suite310PaloAlto,CA94301Phone:(650)289-3072Fax:(650)473-9194Email:[email protected]:www.htgc.com
o NorwestStrategicCapital,L.P.PromodHaque525UniversityAvenue,Suite800PaloAlto,CA94301Phone:(850)321-8000Email:[email protected]: http://www.nvp.com
o TregaronOpportunityFundI,L.P.Contact:ToddCollins300HamiltonAvenue,4thFloorPaloAlto,CA94301Phone:(650)403-2084Fax:(650)618-2550Email:[email protected]: http://www.tregaroncapital.com
o RembrandtVenturePartnersII,L.P.Contact:GeraldS.Casilil600MontogomeryStreet44thFloorSanFrancisco,CA94111-2819Phone:(650)326-7070Email:[email protected]: http://www.rembrandtvc.com
Ø Washington,DCo Telephone:(202)205-6510E-mail:[email protected]
Website:https://www.sba.gov/content/sbic-directory
19 |Page SmallBusinessResourceGuide
![Page 21: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/21.jpg)
The Office ofCongressmanMikeHonda
Page|20
TaxIncentives
Disclaimer:Theinformationprovidedisnotofferedaslegalortaxadvice.ExamplesoftaxbenefitsarebasedonthestatedIRSGuidelinesandonotherassumptionswhichmaynotapplytoyourpersonalsituation.Youshouldseektheadviceofyourtaxadvisor,attorney,and/orfinancialplanner.Allmaterialispresentedsolelyaseducationalinformation.
1) AlternativeMinimumTaxExemptionØ AsaresultoftheTaxpayerReliefActof1997(P.L.105-34),certainsmallcorporationshavebeenexempt
fromtheAMTsince1998.Ifacorporationlosesitseligibility,itbecomessubjecttotheAMTinthefirsttaxyearwhenitnolongerqualifiesfortheexemptionandineverytaxyearthereafter,regardlessoftheamountofitsgrossreceipts.
AdditionalInformation:
Ø ThereisreasontobelievethatthisexemptiongivessomeeligiblesmallcorporationswhatamountstoaslightcompetitiveadvantageovercomparablefirmspayingtheAMT.A1997studyestimatedthatfirmsthatinvestedheavilyinmachineryandequipmentandintangibleassetslikeresearchanddevelopment(R&D),financedthebulkoftheirinvestmentsthroughdebt,andpaidtheAMTforfiveormoresuccessiveyearshadahighercostofcapitalthancomparablefirmsthatpaidtheregularincometaxonlyinthesameperiod.
Ø Theexemptionalsoprovidesownersofsmallfirmswithanincentivetoincorporate,sincethetaxableincomeofpassthroughentitiesissubjecttotheindividualAMTthroughthetaxreturnsfiledbyindividualowners.
Eligibility:
Ø Eligibilityisdeterminedbyacorporation’saverageannualgrossreceiptsinthepreviousthreetaxyears.Allcorporationsformedafter1998areexemptfromtheAMTintheirfirstyearwithtaxableincome,regardlessofthesizeoftheirgrossreceipts.
Ø Theyremainexemptaslongastheiraverageannualgrossreceiptsdonotexceed$5millionintheirfirstthreetaxyears,andaslongastheiraverageannualgrossreceiptsdonotexceed$7.5millionineachsucceedingthree-yearperiod(e.g.,1999-2001,2000-2002,etc.).
ContactInformation:
Ø Moreinformation:http://www.irs.gov/taxtopics/tc556.html
20 |Page SmallBusinessResourceGuide
![Page 22: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/22.jpg)
The Office ofCongressmanMikeHonda
Page|21
2) AmortizationofBusinessStart-UpCostsØ UnderIRCSection195(asamendedbyP.L.108-357),businesstaxpayerswhoincurbusinessstart-upand
organizationalcostsafterOctober22,2004,areallowedtodeductupto$5,000ofthosecostsintheyearwhenthenewtradeorbusinessbegins.Thismaximumdeductionisreduced(butnotbelowzero)bytheamountbywhicheligibleexpendituresexceed$50,000.
AdditionalInformation:
Ø Businesstaxpayerswhoincurredorpaidbusinessstart-upandorganizationalcostsandthenenteredatradeorbusinessonorbeforeOctober22,2004,couldamortize(ordeductinequalannualamounts)thoseexpendituresovernotlessthanfiveyears,beginninginthemonthwhenthenewtradeorbusinesscommenced.
Ø Toqualifyforthecurrentdeduction,thestart-upandorganizationalcostsmustmeettworequirements.Theymustbepaidorincurredaspartofaninvestigationintocreatingoracquiringanactivetradeorbusiness,aspartofstartinganewtradeorbusiness,oraspartofanactivitydonetoproduceincomeorprofitbeforestartingatradeorbusinesswiththeaimofconvertingtheactivityintoanactivetradeorbusiness.
Ø Anyeligibleexpenditurethatcannotbedeductedmaybeamortizedover15years,beginninginthemonthwhenthenewtradeorbusinessbeginstoearnincome.Inordertoclaimthe$5,000deduction,ataxpayermusthaveanequityinterestinthenewtradeorbusinessandactivelyparticipateinitsmanagement.
ContactInformation:
Ø Moreinformation:http://www.irs.gov/publications/p535/ch08.html
3) NetOperatingLossesØ Afirmincursanetoperatingloss(NOL)fortaxpurposeswhenitsdeductionsexceeditsgrossincome.Asa
result,ithasnoincometaxliabilityinanNOLyear.AnNOLmaybeusedtoobtainarefundoftaxespaidinpreviousyearsortoreduceoroffsetfuturetaxliabilities.UnderIRCSection172(b),abusinesstaxpayerispermittedtocarryanNOLbacktoeachofthetwotaxyearsprecedingtheNOLyearandforwardtoeachofthe20taxyearsfollowingthatyear.
AdditionalInformation:
Ø AprovisionoftheAmericanRecoveryandReinvestmentActof2009extendedthecarrybackperiodforNOLstofiveyearsforeligiblefirmsthatincurredanNOLin2008.Onlyfirmswithaverageannualgrossreceiptsof$15millionorlessintheNOLyearandthetwoprevioustaxyearsmaytakeadvantageoftheextension.Theprovisionisintendedtobolsterthecashflowofsmallfirmsthathaveexperiencedasignificantlossofrevenueinthecurrentrecession.
ContactInformation:
Ø Formoreinformation,pleasevisit:https://www.irs.gov/publications/p334/ch09.html
4) PartialExclusionofCapitalGainsonCertainSmallBusinessStockØ Twoimportantconsiderationsindetermininganindividual’sincometaxliabilityaretherecognitionof
incomeasordinaryorcapitalandthedistinctionbetweenlong-termandshort-termcapitalgainsorlosses.
AdditionalInformation:Ø UnderIRCSection1202,non-corporatetaxpayers(includingpartnerships,LLCs,andScorporations)may
exclude50%ofanygainfromthesaleorexchangeofqualifiedsmallbusinessstock(QSBS)thathasbeen
21 |Page SmallBusinessResourceGuide
![Page 23: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/23.jpg)
The Office ofCongressmanMikeHonda
Page|22
heldforoverfiveyears.Theexclusionrisesto60%iftheQSBShasbeenissuedbyaqualifiedcorporationbasedinanempowermentzone.AndunderaprovisionoftheARRA,itbecomes75%forQSBSacquiredfromFebruary18,2009,throughDecember31,2010,andheldforfiveyears.
Ø Thereisacumulativelimitonthegainfromstockissuedbyasinglequalifiedcorporationthatmaybeexcluded:inasingletaxyear,thegainislimitedtothegreaterof10timesthetaxpayer’sadjustedbasisofallQSBSissuedbythefirmandsoldorexchangedduringtheyear,or$10million—reducedbyanygainsexcludedbythetaxpayerinpreviousyears.Theremaininggainistaxedatafixedrateof28%.Asaresult,themarginaleffectivetaxrateoncapitalgainsfromthesaleorexchangeofQSBSheldlongerthanfiveyearsis14%:0.5x0.28.
Ø ForindividualssubjecttotheAMT,aportionoftheexcludedgainistreatedasanindividualAMTpreferenceitem,whichmeansthatitmustbeincludedinthecalculationofAMTtaxableincome.Theportionwas42%forQSBSacquiredonorbeforeDecember31,2000anddisposedofbyMay6,2003;28%forQSBSacquiredafterDecember31,2000anddisposedofbyMay6,2003;and7%forQSBSacquiredafterMay6,2003anddisposedofbyDecember31,2008.
Ø Toqualifyforthepartialexclusion,smallbusinessstockmustsatisfycertainrequirements.First,itmustbeissuedafterAugust10,1993andmustbeacquiredbythetaxpayeratitsoriginalissue,eitherdirectlyorthroughanunderwriter,inexchangeformoney,property,orascompensationforservicesrenderedtotheissuingcorporation.Second,thestockmustbeissuedbyadomesticcorporationwhosegrossassetsdonotexceed$50millionbeforeandimmediatelyafterthestockisissued.Third,atleast80%ofthecorporation’sassetsmustbetiedtotheactiveconductofoneormorequalifiedtradesorbusinessesduring“substantiallyall”oftherequisitefive-yearholdingperiod.
5) LossesonSmallBusinessInvestmentCompanyStockTreatedasOrdinaryLosseswithoutLimitation
Ø UnderIRCSection1242,individualswhoinvestinsmallbusinessinvestmentcompanies(SBICs)arepermittedtodeductfromordinaryincomealllossesfromthesaleorexchangeorworthlessnessofstockinthesecompanies.Thistreatmentisintendedtofosterequityinvestmentinthesecompaniesbyloweringtheafter-taxlossonaninvestmentinanSBIC,relativetoafter-taxlossesonsimilarinvestments.
AdditionalInformation:
Ø SBICsareprivateregulatedinvestmentcorporationsthatarelicensedundertheSmallBusinessInvestmentActof1958toprovideequitycapital,long-termloans,andmanagerialguidancetofirmswithanetworthoflessthan$18millionandlessthan$6millioninaveragenetincomeovertheprevioustwoyears.
Ø TheyusetheirowncapitalandfundsborrowedatfavorableratesthroughSBAloanguaranteestomakeequityanddebtinvestmentsinqualifiedfirms.Fortaxpurposes,mostSBICsaretreatedasCcorporations.Therearenoknownestimatesoftherevenuelossassociatedwiththissmallbusinesstaxbenefit.
ContactInformation:
Ø Moreinformation:http://www.irs.gov/publications/p550/ch04.html
6) RolloverofGainsintoSpecializedSmallBusinessStockØ Individualandcorporatetaxpayerswhosatisfycertainconditionsareallowedtorollover,freeoftax,any
capitalgainsonthesaleofpubliclytradedsecurities.Theproceedsfromthesalemustbeusedtopurchasecommonstockorpartnershipinterestsinspecializedsmallbusinessinvestmentcompanies(SSBICs)licensedundertheSmallBusinessInvestmentActof1958within60daysofthesale.
Ø SSBICsaresimilartoSBICsexceptthatSSBICsarerequiredtoinvestinsmallfirmsownedbyindividualswhoareconsideredsociallyoreconomicallydisadvantaged—mainlymembersofminoritygroups.
22 |Page SmallBusinessResourceGuide
![Page 24: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/24.jpg)
The Office ofCongressmanMikeHonda
Page|23
AdditionalInformation:Ø IftheproceedsfromthesaleexceedthecostoftheSSBICstockorpartnershipinterest,theexcessis
recognizedasacapitalgainandtaxedaccordingly.Thetaxpayer’sbasisintheSSBICstockorpartnershipinterestisreducedbytheamountofanygainfromthesaleofsecuritiesthatarerolledover.
Ø Themaximumgainanindividualcanrolloverinasingletaxyearisthelesserof$50,000or$500,000lessanygainspreviouslyrolledoverunderthisprovision.Forcorporations,themaximumdeferralinataxyearisthelesserof$250,000or$1millionlessanypreviouslydeferredgains.
7) UniformCapitalizationofInventoryCostsØ IRCSection1244allowstaxpayerstodeductanylossfromthesale,exchange,orworthlessnessofqualified
smallbusinessstockasanordinaryloss,ratherthanacapitalloss.Forbusinesstaxpayers,ordinarylossesaretreatedasbusinesslossesincomputinganetoperatingloss.
AdditionalInformation:
Ø Toqualifyforthistreatment,thestockmustmeetfourrequirements.First,itmustbeissuedbyadomesticcorporationafterNovember6,1978.
Ø Second,thestockmustbeacquiredbyanindividualinvestororapartnershipinexchangeformoneyorotherproperty,butnotstockorsecurities.
Ø Third,thestockmustbeissuedbyasmallbusinesscorporation,whichthestatutedefinesasacorporationwhosetotalamountofmoneyandpropertyreceivedasacontributiontocapitalandpaid-insurplustotalslessthan$1millionwhenitissuesthestock.
Ø Finally,duringthefivetaxyearsbeforealossonthestockisrecognized,thefirmmusthavederivedmorethan50%ofitsgrossreceiptsfromsourcesotherthanroyalties,rents,dividends,interest,annuities,andstockorsecuritytransactions.Themaximumamountthatmaybedeductedasanordinarylossinataxyearis$50,000(or$100,000foracouplefilingjointly).
8) SimplifiedDollar-ValueLIFOAccountingMethodforSmallFirmsØ LIFOoperatesontheassumptionthatthemostrecentlyacquiredgoodsaresoldbeforeallothergoods.
Consequently,LIFOassignsthenewestunitcoststothecostofgoodssoldandtheoldestunitcoststotheendinginventory.Themethodcanbeadvantageouswhenthecostofmanyinventoryitemsisrising,becauseityieldsalowertaxableincomeandinventoryvaluationthanothermethods.TherearevariouswaystoapplyLIFO.Awidelyusedapplicationisknownasthedollar-valuemethod.Underthismethod,ataxpayeraccountsforitsinventoriesonthebasisofapoolofdollarsratherthanspecificitems.
AdditionalInformation:
Ø IRCSection474,whichwasaddedtothetaxcodebytheTaxReformActof1986,allowseligiblesmallfirmstouseasimplifieddollar-valueLIFOmethod.Itdiffersfromtheregulardollar-valuemethodinthewayinwhichinventoryitemsarepooledandthetechniqueforestimatingthebase-yearvalueofthepools.Afirmiseligibletousethesimplifiedmethodifitsaverageannualgrossreceiptswere$5millionorlessinthethreeprevioustaxyears.
9) TaxCreditforPensionPlanStart-UpCostsofSmallFirmsØ UnderIRCSection45E,qualifiedsmallfirmsmayclaimanon-refundabletaxcreditforaportionofthestart-
upcoststheyincurinsettingupnewretirementplansforemployees.Thecredit,whichwasenactedaspartoftheEconomicGrowthandTaxReliefReconciliationActof2001,beganin2002andoriginallywasscheduledtodisappear(or“sunset”)after2010.ButaprovisionofthePensionProtectionActof2006permanentlyextendedthecredit.Itisacomponentofthegeneralbusinesscreditandthussubjecttoitslimitationsandrulesforcarryover.
23 |Page SmallBusinessResourceGuide
![Page 25: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/25.jpg)
The Office ofCongressmanMikeHonda
Page|24
AdditionalInformation:Ø Thecreditisequalto50%ofthefirst$1,000ineligiblecostsincurredineachofthefirstthreeyearsa
qualifiedpensionisoperative.Eligiblecostsaredefinedastheordinaryandnecessaryexpensesincurredinadministeringtheplanandinformingemployeesabouttheplan’sbenefitsandrequirements.Qualifiedplansconsistofnewdefinedbenefitplans,definedcontributionplans,savingsincentivematchplansforemployees,andsimplifiedemployeepensionplans.
Eligibility:
Ø Thecreditgivesownersofsmallfirmsanincentivetoestablishpensionplansforemployeesbyloweringtheafter-taxcostofsettingupandadministeringtheseplansintheirfirstthreeyears.
Ø Firmswithfewerthan100employees,eachofwhomreceivedatleast$5,000incompensationinthepreviousyear,areeligibletoclaimthecredit
10) TaxCreditforCostofMakingaBusinessMoreAccessibletotheDisabledØ UnderIRCSection44,aneligiblesmallfirmmayclaimanon-refundablecreditforexpensesitincurstomake
itsbusinessmoreaccessibletodisabledindividuals.Thecreditisequalto50%oftheamountofeligibleexpendituresinataxyearover$250butnotgreaterthan$10,250.Inthecaseofapartnership,thisupperlimitappliesseparatelyatthepartnershiplevelandatthepartnerorindividuallevel;thesamedistinctionholdsinthecaseofasubchapterScorporation.ThedisabledaccesscreditisacomponentofthegeneralbusinesscreditunderIRCSection38andthussubjecttoitslimitations.
AdditionalInformation:
Ø Toqualifyforthecredit,afirmmustsatisfyoneoftworequirements:itsgrossreceipts(lessanyreturnsandallowances)intheprevioustaxyeartotalednomorethan$1million,oritemployednomorethan30personsonafull-timebasisduringthatyear.Aworkerisconsideredafull-timeemployeeifheorsheworksatleast30hoursaweekfor20ormoreweeksinacalendaryear.
Eligibility:
Ø QualifiedexpensesaredefinedastheamountsaneligiblesmallfirmpaysorincurstobringitsbusinessintocompliancewiththeAmericansWithDisabilitiesActof1990(ADA).Theymustbereasonableinamountandnecessaryinlightoflegalrequirements.Eligibleexpensesincludethoserelatedtoremovingarchitectural,communication,transportation,orphysicalbarrierstomakingabusinessaccessibletoorusablebydisabledindividuals;providinginterpretersorothereffectivemethodsofmakingmaterialsunderstandabletohearing-impairedindividuals;andsupplyingqualifiedreaders,tapedtexts,andothereffectivemethodsofmakingmaterialsunderstandabletovisuallyimpairedindividuals.
24 |Page SmallBusinessResourceGuide
![Page 26: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/26.jpg)
The Office ofCongressmanMikeHonda
Page|25
GrantPrograms
SmallBusinessAdministration
1) SmallBusinessInnovationResearchAwards(SBIR)Ø SBIRawardsarecompetitivegrantstosmallbusinesses(500orfeweremployees)toresearchanddevelop
newideasforselectedgovernmentagencies.GovernmentagencieswiththelargestresearchbudgetsfundtheSBIRprogram.TheSBAcoordinatesandoverseestheSBIRprogrambutdoesnotprovidefundingfortheawards.
AdditionalInformation:
Ø PhaseIgrantsallowacompanytodetermineifanideahasscientificandtechnicalmeritandisfeasible.Ø PhaseIIevaluatestheidea’scommercialpotential.Ø PhaseIIIisprivatesectordevelopmentoftheidea.
ContactInformation:
Ø USSBARegionIX330N.BrandBlvd.,#1200Glendale,CA91203Telephone:(818)552-3436 Formoreinformation:https://www.sba.gov/offices/regional/ix
Ø USSBAOfficeofTechnology409ThirdStreet,SWWashington,DC20416Telephone:(202)205-6450 Formoreinformation:http://www.sbir.gov/
25 |Page SmallBusinessResourceGuide
![Page 27: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/27.jpg)
The Office ofCongressmanMikeHonda
Page|26
2) SmallBusinessTechnologyTransfer(STTR)AwardsØ TheSTTRprogramissimilartotheSBIRprogram,butitrequiresthesmallbusinesstoworkwithanonprofit
researchinstitute.TheSBAcoordinatesandoverseestheSTTRprogrambutdoesnotprovidefundingfortheawards.
AdditionalInformation:
Ø Followingsubmissionofproposals,agenciesmakeSTTRawardsbasedonsmallbusiness/nonprofitresearchinstitutionqualification,degreeofinnovation,andfuturemarketpotential.Smallbusinessesthatreceiveawardsthenbeginathree-phaseprogram.o PhaseIisthestartupphase.Awardsofupto$100,000forapproximatelyoneyearfundtheexploration
ofthescientific,technical,andcommercialfeasibilityofanideaortechnology.o PhaseIIawardsofupto$750,000,foraslongastwoyears,expandPhaseIresults.Duringthisperiod,
theR&Dworkisperformedandthedeveloperbeginstoconsidercommercialpotential.OnlyPhaseIawardwinnersareconsideredforPhaseII.
o PhaseIIIistheperiodduringwhichPhaseIIinnovationmovesfromthelaboratoryintothemarketplace.NoSTTRfundssupportthisphase.Thesmallbusinessmustfindfundingintheprivatesectororothernon-STTRfederalagencyfunding.
ContactInformation:
Ø Washington,DCo USSmallBusinessAdministration
OfficeofTechnology409ThirdStreet,SWWashington,DC20416Telephone:(202)205-6450Formoreinformation:http://www.sbir.gov/
26 |Page SmallBusinessResourceGuide
![Page 28: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/28.jpg)
The Office ofCongressmanMikeHonda
Page|27
UnitedStatesDepartmentofTransportation
1) ProcurementAssistanceDivisionØ TheProcurementAssistanceDivisionisresponsibleforworkingcloselywitheachoftheOperating
Administrations'SmallBusinessspecialiststoensurethatadequateprocurementopportunitiesaremadeavailabletosmallbusinesses.BelowisalistingofSmallBusinessspecialistsineachOAwhoseprimaryroleistoserveasadvocatestosmallbusinesses.
ContactInformation:
Ø FederalAviationAdministration(FAA)o FredDendy
800IndependenceAvenue,SWRoom715Washington,DC20591Phone:(202)267-7454Email:[email protected]
Ø FederalHighwayAdministration(FHWA)o FrankWaltos
1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-4205Email:[email protected]
Ø FederalMotorCarrierSafetyAdministration(FMCSA)o NathanWatters
1200NewJerseyAvenue,SESuiteW66-499Washington,DC20560Phone:(202)366-3036Fax:(202)385-2335Email:[email protected]
Ø FederalRailroadAdministration(FRA)o DanaL.Hicks
ContractSpecialistFederalRailroadAdministration1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)493-6131Fax:(202)493-6171Email:[email protected]
Ø FederalTransitAdministration(FTA)o RobynJones
FTAOfficeofAcquisitionManagement1200NewJerseyAvenue,SE
27 |Page SmallBusinessResourceGuide
![Page 29: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/29.jpg)
The Office ofCongressmanMikeHonda
Page|28
Washington,DC20590Phone:(202)366-0943Email:[email protected]
Ø MaritimeAdministrationo RitaC.Thomas
1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-2802Email:[email protected]
Ø NationalHighwayTransportationSafetyAdministrationo LloydS.Blackwell
1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-9564Email:[email protected]
Ø OfficeoftheSecretary(OST)o AmesOwens
OfficeoftheSecretaryAcquisitionServicesDivision1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-9614Email:[email protected]
Ø PipelineandHazardousMaterialsSafetyAdministration(PHMSA)o JackieNaranjo
ContractSpecialistOfficeofAcquisitionServices,PHA-301200NewJerseyAvenue,SEEastBuilding,SecondFloorWashington,DC20590Phone:(202)366-4429Email:[email protected]
Ø ResearchandInnovativeTechnologyAdministration(RITA)o PhaedraJohnson
OfficeoftheSecretaryAcquisitionServicesDivision1200NewJerseyAvenue,SEWashington,DC20590Phone:(202)366-0742Email:[email protected]
Ø RITA-VOLPEo PeterKontakos
SmallBusinessSpecialist
28 |Page SmallBusinessResourceGuide
![Page 30: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/30.jpg)
The Office ofCongressmanMikeHonda
Page|29
USDOT/RITA/VolpeCenterOfficeofAcquisitions,RVP-3155BroadwayCambridge,MA02142Phone:(617)494-2602Fax:(617)494-3024Email:[email protected]
Ø SaintLawrenceSeawayDevelopmentCorporation(SLSDC)o PatriciaWhite
ContractingOfficerChief,Procurement&SupplyDivisionU.S.DepartmentofTransportationSaintLawrenceSeawayDevelopmentCorporationPOBox520180AndrewsStreetMassena,NY13662Phone:(315)764-3236Email:[email protected]
29 |Page SmallBusinessResourceGuide
![Page 31: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/31.jpg)
The Office ofCongressmanMikeHonda
Page|30
LocalFundingOpportunities
CaliforniaSmallBusinessLoans
1) CaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC)ProgramsAgency:
Ø CaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC),locatedintheStateTreasurer’sOffice.
PurposeofProgram:
Ø TheCaliforniaIndustrialDevelopmentFinancingAdvisoryCommission(CIDFAC)administersanumberofprogramstoassistCaliforniamanufacturingbusinessesinfundingcapitalexpendituresforbusinessacquisitionsorexpansions.Theprogramsallowbusinessestoborrowfundsatcompetitiveratesthroughtheissuanceoftax-exemptbondsenhancedbyaletterofcredit.
TypeofFunding:
Ø Capitalgeneratedfromtheissuanceoftax-exemptindustrialdevelopmentbondsusedtofinancecapitalexpenditures.
Eligibility:
Ø IndustrialDevelopmentBondscanbeusedtofinancecapitalexpendituresinagriculture,forestry,ormining.Thebondsfinancetheexpansionoracquisitionoffacilitiesandequipmentforproductassembly,fabrication,manufacturing,orprocessing.Businessesthatprocessormanufacturerecycledorreusedproductsandmaterialsmayalsoqualify.Eligibilityisgovernedbyadetailedsetofcriteriapursuanttofederalandstatelaw.
30 |Page SmallBusinessResourceGuide
![Page 32: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/32.jpg)
The Office ofCongressmanMikeHonda
Page|31
ContactInformation:Ø DeannaHamelin,Manager
915CapitolMall,Room457Sacramento,CA95814Telephone:(916)653-3843Fax:(916)653-3241Email:[email protected]:http://www.treasurer.ca.gov/cidfac/
2) IndustrialDevelopmentRevenueBond(IDB)ProgramAgency:
Ø IDBscanbeissuedbytheCaliforniaInfrastructureandEconomicDevelopmentBank(I-Bank),bylocalIndustrialDevelopmentAuthorities,orbyJointPowersAuthorities.ThemissionoftheI-Bankistofinancepublicinfrastructureandprivateinvestmentsthatpromoteeconomicgrowth,revitalizecommunities,andenhancethequalityoflifethroughoutCalifornia.TheI-BankislocatedwithintheBusiness,Transportation,andHousingAgency.IDBsaretax-exemptsecuritiesissuedupto$10millionbyagovernmentalentitytoprovidemoneyfortheacquisition,construction,rehabilitationandequippingofmanufacturingandprocessingfacilitiesforprivatecompanies.IDBscanbeissuedbytheI-Bank,localIndustrialDevelopmentAuthorities,orbyJointPowersAuthorities.
PurposeofProgram:
Ø TheIDBProgramprovidestax-exemptfinancingtoqualifiedmanufacturingandprocessingcompaniesfortheconstructionoracquisitionoffacilitiesandequipment.IDBsallowprivatecompaniestoborrowatlowinterestratesnormallyreservedforstateandlocalgovernmentalentities.
TypeofFunding:
Ø Fundsfromtax-exemptsecuritiesissuedbyagovernmentalentity.
Eligibility:Ø Manufacturingandprocessingcompaniesareeligible.Theprojectfinancedbythebondsmustbeafacility
usedforthemanufacture,production,orprocessingoftangibleproperty.Atleast95%ofthebondproceedsmustbespentonqualifyingcosts.Qualifyingcostsarecapitalexpendituressuchasland,buildings,equipment,andotherdepreciableproperty,andcanalsoincludecapitalizedinterestduringconstruction.
ContactInformation:
Ø Applicationsareacceptedonacontinuousbasis.TheI-BankBoardofDirectorsnormallymeetseachmonthtoconsiderapprovalofcompleteapplicationsreceivedatleast20workingdayspriortothemeetingdate.Foradditionalinformation,ContactInformation:o TeveiaBarnes,ExecutiveDirector
9809thStreet,9thfloorSacramento,CA95814E-mail:[email protected]:(916)539-4408Fax:(916)322-6314http://ibank.ca.gov/
31 |Page SmallBusinessResourceGuide
![Page 33: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/33.jpg)
The Office ofCongressmanMikeHonda
Page|32
3) RecyclingMarketDevelopmentZone(RMDZ)RevolvingLoanProgramAgency:
Ø CaliforniaIntegratedWasteManagementBoard.
PurposeofProgram:Ø TheprogramprovidesdirectloanstoeligiblebusinessesandnonprofitorganizationswithinRecycling
MarketDevelopmentZonesthatmanufacturerecycledrawmaterials,producenewrecycledproducts,orreducethewasteresultingfromthemanufactureofaproduct.Theseloanspromotemarketdevelopmentforpost-consumerandsecondarywastematerials.
TypeofFunding:
Ø Theprogrammakesloanstoacquireequipment,makeleaseholdimprovements,purchaserecycledrawmaterialsandinventory,oracquirerealestatewithamaximumvalueof$500,000.
Eligibility:
Ø BusinessapplicantsmustbelocatedinoneofthedesignatedRecyclingMarketDevelopmentZonesanddivertwastefromnon-hazardousCalifornialandfills.TheprogramwillendonJuly1,2011unlesslaterenactedbytheLegislature.
ContactInformation:
Ø StateRMDZOfficeo JimLaTanner,Supervisor
RMDZLoanProgram(MailStop#11)P.O.Box4025Sacramento,CA95812-4025(916)[email protected]://www.calrecycle.ca.gov/RMDZ/
Ø RegionalSiliconValleyRMDZOffices:o AnneHansen
EnvironmentalServicesSpecialist200ESantaClaraStSanJose,CAPhone:(408)975-2574Fax:(408)292-6211Email:[email protected]
o SteveLautzeGreenBusinessSpecialist250FrankHOgawaPl.Oakland,CA94612Phone:(510)238-4973Fax:(510)238-2226
32 |Page SmallBusinessResourceGuide
![Page 34: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/34.jpg)
The Office ofCongressmanMikeHonda
Page|33
4) ReplacementofUndergroundStorageTank(RUST)Program–LoansAgency:
Ø StateWaterResourcesControlBoard.
PurposeofProgram:Ø Theprogramhelpsownersandoperatorsofsmallindependentundergroundstoragetankscomplywith
legislativemandatesenactedin1999(SB989)toenhanceundergroundtanksandmonitoringsystems.
TypeofFunding:Ø Typically,loansareprovidedtofacilitateanyofthefollowing:plans,permits,drawings;excavationand
removaloftanks,lines,anddispensers;installationofnewtanks,lines,dispensers,under-dispensercontainments,electronicmonitoringsystems,andenhancedvaporrecoverysystems.Also,fundingisofferedtowaterboardsandotherregulatoryagenciesintheeventofanemergencysituation,ortocleanupasitethatposesahealthorsafetythreat.
Eligibility:
Ø Smallbusinessownersoroperatorsofundergroundpetroleumstoragetanksareeligible.Applicantsmustprovideevidencethattheirsite(s)willbeinstatecomplianceoncefundsareappliedtotheproject.OthereligibilitycanbefoundinHealth&SafetyCodesection25299.102.
ContactInformation:
Ø JaniceClemonsDivisionofCleanWaterPrograms(916)341-5857USTCleanupFundP.O.Box944212Sacramento,[email protected]://www.waterboards.ca.gov/water_issues/programs/ustcf/rust.shtml
33 |Page SmallBusinessResourceGuide
![Page 35: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/35.jpg)
The Office ofCongressmanMikeHonda
Page|34
5) CaliforniaCapitalAccessProgram(CalCAP)Agency:
Ø CaliforniaPollutionControlFinancingAuthority.
PurposeofProgram:Ø Thisprogramprovidesincentivesforlenderstomakeloanstosmallbusinessesthatmayotherwisehave
difficultyobtainingfinancing.Thisisaccomplishedthroughalossreserveaccountthatprovidesupto100%coverageforthelenderoncertainloandefaults.
TypeofFunding:
Ø Theprogramprovidesloanswithvariableratesandterms.TheborrowerworksdirectlywithaCalCAPlender.
Eligibility:
Ø Theborrower'sbusinessmustbeinoneoftheindustrieslistedinthequalifiedStandardIndustryClassificationcodeslist.Thebusinessisnotrequiredtoengageinactivitiesthataffecttheenvironment.
Ø Theborrower'sprimarybusinessand50%ofitsemployees,businessincome,sales,orpayrollmustbeinCalifornia.
Ø Thebusinessactivityresultingfromthebank'sloanmustbecreatedandretainedinCalifornia.Ø ThebusinessmustbeclassifiedasasmallbusinessunderU.S.SmallBusinessAdministrationguidelines(Title
13oftheCodeofFederalRegulations)orhavefewerthan500employees.
ContactInformation:Ø 915CapitolMall,Room457
Sacramento,CA95814Telephone:(916)654-5610Fax:(916)657-4821E-mail:[email protected]://www.treasurer.ca.gov/cpcfa/calcap/
6) SmallBusinessLoanGuaranteeProgramAgency:
Ø Business,TransportationandHousingAgency.Theprogramisadministeredthroughcontractsbetweentheagencyandnonprofitfinancialdevelopmentcorporationslocatedthroughoutthestate.
PurposeofProgram:
Ø Thisprogramhelpsbusinessesbecomeeligibleforloanstheymightnototherwiseobtain.Italsocreatestheopportunityforbusinessestoestablishafavorablecredithistoryforfutureloanneeds.
TypeofFunding:
Ø ThisprogramprovidesloansthataretobeusedprimarilyinCaliforniaforanystandardbusinesspurposebeneficialtotheapplicant'sbusiness.Thismayincludeexpansionintonewfacilitiesorpurchaseofnewequipment.
Eligibility:
Ø ApplicantsmustbesmallbusinessesasdefinedbythefederalSmallBusinessAdministration(SBA),i.e.,businessesthatemploynomorethan100people.
34 |Page SmallBusinessResourceGuide
![Page 36: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/36.jpg)
The Office ofCongressmanMikeHonda
Page|35
ContactInformation:Ø ChrisHoulemard,Manager
SmallBusinessFinancialAssistanceProgramTelephone:(916)[email protected]://www.ibank.ca.gov/smallbusiness.htmOrcontactoneofthefollowingfinancialdevelopmentcorporationsthatadministertheprogramslocally.
o CaliforniaCapitalFinancialDevelopmentCorporation
ClarenceWilliams,President1792TributeRoad,Suite270Sacramento,CA95815Telephone:(916)442-1729
o Nor-CalFinancialDevelopmentCorporation
ArthurWashington,CEO300FrankH.OgawaPalzaSuite175Oakland,CA94612Telephone:(510)452-1171Fax:(510)452-4405
7) SmallBusinessPollutionControlTax-ExemptBondFinancingProgramAgency:
Ø CaliforniaPollutionControlFinancingAuthority(CPCFA).
PurposeofProgram:Ø Theprogramprovidestax-exemptbondfinancingtocreditworthysmallbusinessesfortheacquisition,
construction,orinstallationofqualifiedpollutioncontrol,wastedisposal,andresourcerecoveryfacilitiesinCalifornia.
TypeofFunding:
Ø TheCPCFAusesitsSmallBusinessAssistanceFunds(SBAF)topayforthecostsofissuanceoftax-exemptbondsissuedonbehalfofsmallbusinesses.TheSBAFalsopaysforletterofcreditfees,transactionfeesandothercostsassociatedwiththeissuanceofbonds.Thisassistancereducesthenetcostoffinancingtothesmallbusiness.
Eligibility:Ø TobeeligiblefortheSBAFTax-ExemptBondProgram,abusinessmustbeclassifiedasasmallbusiness
underU.S.SmallBusinessAdministrationguidelines(Title13oftheCodeofFederalRegulations)orhavefewerthan500employees,andbeinvolvedinappropriateprojects.
Ø Useoffundingmustcomplywithfederaleligibilityguidelines,whichindicatethat:o 95%oftheproceedsmustbeusedforthedefinedprojecto 2%ofbondproceedscanbeusedforthecostsofissuanceo 25%ofbondproceedscanbeusedforlandcostsincertaincaseso Apublichearing(TEFRA)mustbeheldbeforethebondsareissuedo Toacquireanexistingbuilding,aminimumof15%ofthebondproceedsmustbeusedtorenovatethe
building
35 |Page SmallBusinessResourceGuide
![Page 37: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/37.jpg)
The Office ofCongressmanMikeHonda
Page|36
o Theaveragelifeofthebondissuecannotexceed120%oftheweightedaverageoftheestimateduseful
lifeoftheassetsbeingfinanced
ContactInformation:Ø SherriKayWahl,DeputyExecutiveDirector
915CapitolMall,Room457Sacramento,CA95814Telephone:(916)654-5610Fax:(916)657-4821Email:[email protected]:http://www.treasurer.ca.gov/cidfac/
36 |Page SmallBusinessResourceGuide
![Page 38: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/38.jpg)
The Office ofCongressmanMikeHonda
Page|37
CaliforniaTechnicalSupportandDevelopmentPrograms forSmallBusiness
2) CaliforniaGetYourBusinessOnlineAgency:
Ø CaliforniaSBDC.
PurposeofProgram:Ø CaliforniaGetYourBusinessOnlineisaGoogle-ledprogramthatprovidessmallbusinessestheresources
theyneedtosucceedonline.WebsitesarefreeforCaliforniabusinesses.
TypeofBenefits:Ø ThisfreeofferincludesafreedomainnameandhostingforyourHomesteadwebsiteforoneyear.Thefree
siteincludes3freepages,25MGofdiskspaceand5GBofbandwidth(monthlytransfer).Emailandecommercearenotincluded.However,youcanpurchaseadditionalpages,diskspace,emailaddresses,ecommercesolutionsandmanyotheradd-onsfromHomestead.
Eligibility:
Ø Anybusinessororganizationcansignup,howevertheymustbeverifiedbyGoogle.YouwillneedtocreateaGoogle+Pagetoutilizetools,likeHangoutsandCircles,thathelpyouconnectwithyourcustomers.
ContactInformation:
Ø Getstartedhere:http://www.gybo.com/california/get-online
3) BusinessMatchmakingOffice
Ø Governor’sOfficeofBusinessandEconomicDevelopment.
PurposeofProgram:Ø BusinessMatchmakingprovidesopportunitiesforsmallbusinessestosecuresellingopportunitiesfrom
governmentagenciesandmajorcorporations,bothatkeyeventsandthroughanonlinenetwork.BusinessMatchmakingcontinuestobeafreeinitiativeforallsmallbusinessparticipants.
TypeofBenefits:
Ø AsadirectresultofthealliancebetweenleadingcorporationswiththeSBA,SCORE,SmallBusinessDevelopmentCentersandotherresourcepartners,BusinessMatchmakinghasfacilitatedmorethan90,000appointmentsbetweensmallbusinesssellersandbuyersfromkeygovernmentagenciesandmajorcorporations.Severalbillionsofdollarsincontractshavebeenawarded.
Alleventsarefreetobothparticipatingsmallbusinessesandrepresentativebuyers.Theyalsoincludeahighlysuccessfulscheduleofnetworkingandeducationalactivities.BusinessMatchmaking,Inc.,theproducerofBMM,isa501c3non-profitcorporation.
ContactInformation:
37 |Page SmallBusinessResourceGuide
![Page 39: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/39.jpg)
The Office ofCongressmanMikeHonda
Page|38
Ø BusinessMatchmaking,Inc.13101W.WashingtonBlvd.,Ste.131LosAngeles,CA 90066Email:[email protected]
4) SiliconValleyServiceCoreofRetiredExecutives(SCORE)Agency:
Ø SiliconValleySCOREusesover11,000volunteerstobringpracticalexperiencetostart-upsmallbusinessandtothosethinkingaboutstartinganewsmallbusiness.SiliconValleySCOREprovidesbusinessmanagementconsulting,smallbusinessclasses,andbusinessresources.
PurposeofProgram:
Ø SiliconValleySCORE"CounselorstoAmerica'sSmallBusiness"isanonprofitassociationdedicatedtoeducatingentrepreneursandhelpingsmallbusinessesstart,grow,andsucceed.
Ø SiliconValleySCOREisSiliconValley’sbestresourceforno-costsmallbusinessmentoringandbusinesstraining.Theirconsultingservicesare100%volunteerledanddelivered.Therearemorethan100businesstrainingworkshopsperyeartoprovideawealthofknowledgeforthestart-uporgrowthbusinessowner.
ContactInformation:
Ø SiliconValleySCORE234EastGishRoad,Suite100SanJose,CA95112Telephone:(408)453-6237
Ø MoreInformation:http://www.svscore.org/
5) DisabledVeteranBusinessEnterprise(DVBE)andSmallBusiness(SB)CertificationProgramsAgency:
Ø DepartmentofGeneralServices.
PurposeofProgram:Ø TheseprogramsaredesignedtoincreasebusinessopportunitiesfortheDVBEandSBcommunitieswiththe
StateofCalifornia.TheprogramsaredesignedtohelpDVBEsandSBsparticipateonamorelevelplayingfieldbyprovidingcertainadvantageswhencompetingagainstothernon-DVBEsandnon-SBsforstatecontractsandpurchases.
TypeofBenefits:
Ø TheseprogramsenhancethelikelihoodofcontractingwithStateagencies.
Eligibility:Ø DVBEProgram–Theowner(eithersoleproprietoror51%ownership)mustmeetthecriteriaofa“disabled
veteran,”bedomiciledinCalifornia,andhavea10%disabilityfromservingintheUSArmy,AirForce,orNavy.Adisabledveteranmustmanagethebusiness.
Ø SBProgram–Abusinessmustbeindependentlyownedandoperated,cannotbedominantinitsfield,and
musthaveitsprincipalofficelocatedinCalifornia;plus,itsowner(s)mustbedomiciledinCA.Aqualifyingbusinessmusthavenomorethan100employees,withaveragegrossreceiptsof$10millionorlessoverthepriorthreeyears.
38 |Page SmallBusinessResourceGuide
![Page 40: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/40.jpg)
The Office ofCongressmanMikeHonda
Page|39
ContactInformation:Ø SmallBusinessesandResources
DepartmentofGeneralServices7073rdStreet,1stFloor,Room400WestSacramento,CA95605(916)[email protected]://www.dgs.ca.gov/pd/programs/osds.aspx
6) DisadvantagedBusinessProgramsAgency:
Ø CaliforniaDepartmentofTransportation(Caltrans).
PurposeofProgram:Ø Theprogramincreasestheparticipationlevelofdisadvantagedbusinessesinallfederalcontracting
activities.
Ø QualifyingbusinessesarecertifiedasDisadvantagedBusinessEnterprises(DBE),MinorityBusinessEnterprises(MBE),orWomenBusinessEnterprises(WBE).
TypeofBenefits:
Ø Theseprogramsenhancethelikelihoodofbusinessesparticipatinginallfederalcontractingactivities.
Eligibility:Ø Onlysmallbusinesses,asdefinedbytheUnitedStatesSmallBusinessAdministration,thatareownedand
controlledbyoneormoresociallyandeconomicallydisadvantagedindividuals,canbecertifiedasaDBE.Definitions
Ø DBE:Atleast51%ofthesmallbusinessinconcernisownedbyoneormoresociallyandeconomicallydisadvantagedindividuals;andthemanagementanddailybusinessoperationsarecontrolledbyoneormoreofthesociallyandeconomicallydisadvantagedindividualswhoownit.
Ø MBE:
Atleast51%ofthesmallbusinessisownedbyoneormoreminorities,or,inthecaseofapubliclyownedbusiness,atleast51%ofallissuedstockisownedbyoneormoreminorities;andthemanagementanddailybusinessoperationsarecontrolledbyoneormoresuchindividuals.
Ø WBE:
Atleast51%ofthesmallbusinessisownedbyoneormorewomen;andthemanagementanddailybusinessoperationsarecontrolledbyoneormoreofthewomenwhoownit.
ContactInformation:
Ø 182314thStreetSacramento,CA95811Telephone:(916)324-0449Fax:(916)324-1949TTY711
39 |Page SmallBusinessResourceGuide
![Page 41: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/41.jpg)
The Office ofCongressmanMikeHonda
Page|40
Ø AngelaShell
AssistantDirectorEmail:[email protected]:http://www.dot.ca.gov./hq/bep/
Ø AliciaSequeiraStatewideSmallBusinessLiaisonEmail:[email protected]
Ø MariaSalinasCalmentor/Mentor-Protégé[email protected]
Ø DBECertificationAssistanceEmail:[email protected]:(916)324-1700TollFree:(866)810-6346
40 |Page SmallBusinessResourceGuide
![Page 42: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/42.jpg)
The Office ofCongressmanMikeHonda
Page|41
CaliforniaSmallBusinessTaxIncentives
1) EnterpriseZoneProgramAgency:
Ø DepartmentofHousingandCommunityDevelopment.
PurposeofProgram:Ø Theprogramprovidesspecialstateandlocaltaxandotherincentivestobusinesses,toencouragebusiness
investmentandpromotethecreationofnewjobsineconomicallydistressedareasthroughoutCalifornia.
TypeofFunding:Ø Theprogramprovidesanumberoftaxincentivestoqualifyingcompanies.
Eligibility:
Ø AllbusinesseslocatedinanEnterpriseZoneareeligibleforprogrambenefits.Thereare39EnterpriseZoneslocatedthroughoutCalifornia.EnterpriseZoneslast15yearsfromtheiroriginaldateofdesignation(1986-1997,dependingonthezone).AcompletelistingofEnterpriseZonescanbefoundatthefollowingWebsite: http://www.hcd.ca.gov/fa/ez/.
ContactInformation:Ø MainOfficeInformation:
o Phone&FAX:JohnNunn,Jr.,ProgramManagerEnterpriseZoneProgramTelephone:(916)274-0575FAX(916)263-2765John.Nunn@hcd.ca.govGailTillman-MitchellAdministrativeSecretary(916)274-0575Gail.Tillman-Mitchell@hcd.ca.govAdrienneDiLulloProgramRepresentative(916)263-2552Adrienne.DiLullo@hcd.ca.govLesleyJamesProgramRepresentative(916)[email protected](916)[email protected]
41 |Page SmallBusinessResourceGuide
![Page 43: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/43.jpg)
The Office ofCongressmanMikeHonda
Page|42
o MailingAddress:DepartmentofHousing&CommunityDevelopmentDivisionofFinancialAssistanceENTERPRISEZONEPROGRAMSP.O.Box952054,MS650Sacramento,CA94252-2054
o StreetAddress:
2020WestElCaminoAvenue,Suite650Sacramento,CA95833
Ø NearCA-17District:
§ RichmondAlsoacceptsapplicationsforSanJoseRichmondWORKS33025thStreetRichmond,CA94804Contact:SalVaca,DirectorPhone:(510)307-8006Fax:(510)[email protected],CityofRichmond33025thStreetRichmond,CA94804Primary:JacqulynHolley,M.A.Phone:(510)307-8808Fax:(510)307-8072
§ OaklandCityofOaklandCEDABusinessDevelopmentServices270FrankOgawaPlazaOakland,CA94612-2032Contact:SusanaVillarrealPhone:(510)238-7794Fax:(510)[email protected]
§ EZOnlineVoucheringSystemhttp://www.CAEZonline.com/oakland
http://www.Oaklandnet.comhttp://www.business2oakland.com
42 |Page SmallBusinessResourceGuide
![Page 44: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/44.jpg)
The Office ofCongressmanMikeHonda
Page|43
§ SanFranciscoCityandCountyofSanFranciscoCityHall,OEWD1DrCarltonB.GoodlettPlaceRoom448SanFrancisco,CA94102(415)[email protected]://sfezapp.oewd.org
2) LocalAgencyMilitaryBaseRecoveryArea(LAMBRA)Agency:
Ø DepartmentofHousingandCommunityDevelopment.
PurposeofProgram:Ø Theprogramencourageseconomicgrowthinformermilitarybaseareasbyattractingreinvestmentandre-
employingworkers.Taxincentivesareprovidedtobusinessesthatutilizespaceinformermilitarybases.
TypeofFunding:Ø LAMBRAprovidesanumberoftaxincentivestoqualifyingcompanies,including:
o Sales/UsetaxcreditforSection1245(a)(3)property(tangibledepreciablepersonalproperty)o Sales/Usetaxcreditforhightechnologyequipmento Sales/Usetaxcreditforaircraftmaintenanceequipmento Sales/Usetaxcreditforaircraftcomponentso Hiringtaxcreditsforfiveyearso Businessexpensedeductiono Netoperatinglosscarryovero Preferencepointsonstatecontracts
Ø LAMBRAincentivesaresimilarbutnotidenticaltoEnterpriseZoneincentives.
Eligibility:Ø BusinesseslocatedinafullydesignatedLAMBRAZoneareeligibleforprogrambenefits.
43 |Page SmallBusinessResourceGuide
![Page 45: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/45.jpg)
The Office ofCongressmanMikeHonda
Page|44
3) OtherTaxIncentivesAgency:
Ø EmploymentDevelopmentDepartment(EDD).
TypeofIncentivesØ TheGovernor’sOfficeofBusinessandEconomicDevelopment(GO-Biz)wascreatedbyGovernorEdmundG.
BrownJr.toserveasCalifornia’ssinglepointofcontactforeconomicdevelopmentandjobcreationefforts.GO-Bizoffersarangeofservicestobusinessownersincluding:attraction,retentionandexpansionservices,siteselection,permitstreamlining,clearingofregulatoryhurdles,smallbusinessassistance,internationaltradedevelopment,assistancewithstategovernment,andmuchmore.
Ø TheGovernor’sOfficeofBusinessandEconomicDevelopment(GO-Biz)includesthefollowingunits:
o BusinessDevelopment(CalBIS)o PermitStreamliningo SmallBusinessAssistanceo EncouragingInnovationandEntrepreneurshipo InternationalAffairsandTradeDevelopment
ContactInformation:
Ø Governor'sOfficeofBusinessandEconomicDevelopment140010thStreet,2ndFloorSacramento,CA95814(916)322-0694/(877)345-4633Website:http://business.ca.gov/
44 |Page SmallBusinessResourceGuide
![Page 46: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/46.jpg)
The Office ofCongressmanMikeHonda
Page|45
CaliforniaSmallBusinessGrants
1) InnovativeCleanAirTechnologies(ICAT)ProgramAgency:
Ø CaliforniaAirResourcesBoard.
PurposeofProgram:Ø Theprogramprovidesfundingforthedemonstrationofinnovativetechnologiesthatreduceairpollution.
TypeofFunding:
Ø Fundingisintheformofgrants.
Eligibility:Ø ICATfundsbusinessesandentrepreneurswithtechnicalinnovationsthatwillimproveemissionprevention
orcontrol.ProjectsmustdemonstratetheircommercialutilityinCalifornia.ICATseekstoassisttechnologiesthathelpreduceairemissionswhilepromotingnewindustriesandjobsinCalifornia,improvingindustrialproductivityandreducingcontrolcosts.
ContactInformation:
Ø SeongParkTelephone:(916)324-9287Fax:(916)[email protected]
Ø InnovativeCleanAirTechnologiesProgramResearchDivisionCaliforniaAirResourcesBoard1001IStreet,Suite540Sacramento,[email protected]://www.arb.ca.gov/research/icat/icat.htm
2) ElectricProgramInvestmentCharge(EPIC)Agency:
Ø CaliforniaEnergyCommission.
PurposeofProgram:Ø EPICisdesignedtoassistthedevelopmentofnon-commercializednewandemergingcleanenergy
technologiesinCalifornia,whileprovidingassistancetocommerciallyviableprojects.EPICconsistsofthreeprogramareasfundedatatotalof$162million/year:
o Appliedresearchanddevelopment($55million/year);o Technologydemonstrationanddeployment($75million/year),and;o Marketfacilitation,consistingofmarketresearch,regulatorypermittingandstreamlining,and
workforcedevelopmentactivities($15million/year).
TypeofFunding:Ø Mostofthefundingisintheformofawardcontractsand/orgrants.
45 |Page SmallBusinessResourceGuide
![Page 47: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/47.jpg)
The Office ofCongressmanMikeHonda
Page|46
Eligibility:Ø EPICsolicitationswillbeopentoallpublicandprivateentitiesandindividualsinterestedinelectricityrelated
appliedresearch,technologydemonstrationandmarketfacilitation.EligibilityforreceivingEPICfundingthroughthecompetitiveprocessisbaseduponthespecificscreeningandscoringcriteriasetforthinthesolicitationapplicationmanual.
Ø ProgramEligibilityRequirements:
o AppliedResearchandDevelopment§ 3-YearProgramAreaFunding:Upto$158.7million§ EstimatedMin./Max.AwardperRecipient:$250,000to$3million§ MatchFundingRequirement*:None§ EstimatedFundingtoMatchFederalProgramInvestments:Upto10%tosupportfederalcost
shareopportunitieso TechnologyDemonstrationandDeployment
§ 3-YearProgramAreaFunding:Upto$129.8million($27millionforbioenergy)§ EstimatedMin./Max.AwardperRecipient:$1millionto$5million($100,000to$5millionfor
bioenergyprojects)§ MatchFundingRequirement:20percentoftherequestedEPICfunds§ EstimatedFundingtoMatchFederalProgramInvestments:Upto10%tosupportfederalcost
shareopportunitieso MarketFacilitation
§ 3-YearProgramAreaFunding:$43.3million§ EstimatedMin./Max.AwardperRecipient:$25,000to$3million§ MatchFundingRequirement:None§ EstimatedFundingtoMatchFederalProgramInvestments:None
*Note:IntheareaofAppliedResearchandDevelopment,matchedfundingisn’tarequirement,butproposalsthatdoprovidematchedfundingwilltypicallyscorehigher
ContactInformation:
Ø ErikStokesCaliforniaEnergyCommission1516NinthStreet,MS-43Sacramento,CA95814Telephone:(916)327-1399Email:[email protected]
Ø PamelaDoughmanCaliforniaEnergyCommission1516NinthStreet,MS-45Sacramento,CA95814Telephone:(916)651-2934Email:[email protected]
3) TheBuyCaliforniaInitiativeAgency:
Ø DepartmentofFoodandAgriculture.
46 |Page SmallBusinessResourceGuide
![Page 48: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/48.jpg)
TheOfficeofCongressmanTonyCárdenas Page|47
PurposeofProgram:Ø TheprogramboostsconsumptionofCalifornia'sagriculturalcommoditiesandassistsandsupportactivities
thatpromotespecialtycropproducers.
TypeofFunding:Ø Grantsareavailableinavarietyofcategories.
Eligibility:
Ø Grantsareofferedtocompaniesconcernedwithcriticalissuesassociatedwithprogramareassuchasresearch,agriculturaleducation,nutrition,foodsafety,andpestanddiseaseeradication.
ContactInformation:Ø CrystalMyers
DirectorofGrantManagementProgram1220NSt,SuiteA-400Sacramento,CA95814Telephone:(916)657-3231Fax:(916)651-7899Email:[email protected]:http://www.cdfa.ca.gov/mkt/mkt/buyca.html
4) TireGrantProgramAgency:
Ø IntegratedWasteManagementBoard.
PurposeofProgram:Ø Theprogrampromotesthereductionofwastetiresgoingtolandfillsandeliminatesthestockpilingofwaste
tires.Grantprogramsfundthecleanupandabatementofoldtires,therecyclingoftirematerials,andtheeducationofproperdisposaloftires.
TypeofFunding:
Ø Grantsareprovidedinspecifictireareas,including:o LocalGovernmentWasteTireCleanupo RubberizesAsphaltConcreteo WasteTireAmnestyDayo WasteTireEnforcemento WasteTirePlaygroundCovero WasteTireProductionCommercializationo WasteTireTrackandOtherRecreationalSurfacing.
Eligibility:
Ø Eligibilityvaries,dependingonthetypeofproject.Businessesthatfocusonresearch,businessassistance,marketdevelopment,productprocurement,amnestyevents,andtirepileclean-upmayqualify.
47 |Page SmallBusinessResourceGuide
![Page 49: Congressman Honda's Small Business Resource Guide](https://reader034.vdocuments.mx/reader034/viewer/2022052704/577c84ed1a28abe054baef03/html5/thumbnails/49.jpg)
The Office ofCongressmanMikeHonda
Page|48
ContactInformation:Ø CalvinYoung,ProgramSupervisor
Telephone:(916)341-5062Toll-free:(866)896-0600Email:[email protected]:http://www.calrecycle.ca.gov/tires/grants/
5) ReplacementofUndergroundStorageTank(RUST)Program–GrantsAgency:
Ø StateWaterResourcesControlBoard.
PurposeofProgram:Ø Theprogramhelpsownersandoperatorsofsmallindependentundergroundstoragetankscomplywith
legislativemandatesenactedin1999(SB989)toenhanceundergroundtanksandmonitoringsystems.
TypeofFunding:Ø Grantsareavailableforbetween$3,000and$50,000toeligibleUSTownersand/oroperators.(Lifetime
maximumlimitis$50,000perapplicant.).Ø Thisisnotareimbursementprogram.Workcannotbeginuntilyouhaveanagreementexecutedbythe
StateWaterBoard.
Eligibility:Ø GrantapplicantsmustbeaUSTownerand/oroperatorandmeetallofthefollowingrequirements:
o Theapplicantisasmallbusinessthatemploysfewerthan20full-timeandpart-timeemployees,isindependentlyownedandoperated,andisnotdominantinitsfieldofoperation;
o Thegrantapplicant’sprincipalofficeanditsofficersmustbedomiciledinCalifornia;o AllofthetanksownedandoperatedbythegrantapplicantaresubjecttocompliancewithHealthand
SafetyCodechapter6.7andtheregulationadoptedpursuanttothatchapter;o Thefacilitywherethesubjecttankislocatedhassold,atretail,lessthan900,000gallonsofgasoline
annuallyforeachofthetwoyearsprecedingthesubmissionofthegrantapplication;(GallonageisbasedupontaxablesalesfiguresprovidedtotheStateBoardofEqualization[BOE]onthegrantapplicant’sBOE401GSincludingScheduleG.)
o ThegrantapplicantisincompliancewithHealthandSafetyCodesections41954and25290.1,25290.2,25291,orsubdivisions(d)and(e)ofsection25292;(ThefacilitymustprovideacurrentUSTpermit,acurrentPermittoOperate,andproofofEVRcomplianceasevidenceofcompliancewiththisrequirement.)and
o ThefacilitywheretheprojecttankislocatedwaslegallyinbusinessretailinggasolineafterJanuary1,1999.(Thefacilitymustbelegallyoperatingcurrently.)
ContactInformation:
Ø JaniceClemonsDivisionofCleanWaterPrograms(916)341-5857P.O.Box944212Sacramento,[email protected]://www.waterboards.ca.gov/water_issues/programs/ustcf/rust.shtml
48 |Page SmallBusinessResourceGuide