u.s. small business administration overview
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U.S. SMALL BUSINESS ADMINISTRATION OVERVIEW
CREATE, CHALLENGE, CHANGE
August 1, 2016
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SBA: Smart, Bold, Accessible
Our Mission: to maintain and strengthen the United States economy;• To aid, counsel, assist and protect the interests of small
businesses;
• To help families and businesses recover from natural disasters.
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National Goal: 23 percent of all prime federal government contract dollars go to small business
Success: 25.75 percent or $91 billion in federal contracts went to small businesses during FY 2015.
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• These contracts supported over 537,000 jobs.
• 5.05% or $18 billion to Women-Owned Small Businesses
• 3.93% or $14 billion to Service-Disabled Veteran-Owned Small Businesses
• 10.06% or $35.4 billion to Small Disadvantaged Businesses
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SBA provides education, information, technical assistance & training free-of-charge• In-person, face-to-face and online advising, mentoring, and training for
every stage of business growth and development.
SBDCsSmall Business
Development CentersSCORE
Counselors to America's Small Business
CDCsCertified Development
Companies USEACsExport Assistance Centers
VBOCsVeterans Business Outreach Centers
WBCsWomen’s Business
Centers
+ SBA Regional & District Offices
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In addition to our resource partners, SBA has launched several counseling initiatives that directly affect small business owners.
• Start-up in a day• Emerging Leaders• Boots-to-Business
• Encore Entrepreneurs
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Capital
• Record lending numbers during FY 2015
• Total lending was $27.9 billion
– $3.10 billion to Women Owned Businesses
– $1.23 billion to Veteran Owned Businesses
– $6.81 billion to Minority Owned Businesses
• Additionally, in FY2015 SBA’s 7(a) program provided:
– $1.25 billion to small business exporters
– $7.94 billion to new business start-ups
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Two flagship business loan guarantee programs help start-up businesses launch and existing business expand:
SBA provides a guarantee of select small business loans made by lender participants
7(a)Supports job creation and economic development through guaranteed debentures
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Working Capital
Accounts Receivable
and InventoryEquipment
Leasehold Improvem
entsReal Estate and Buildings
Certain Refinancing of Debt
Financing Change of Ownership
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SBIC - The Small Business Investment Company: A multi-billion dollar investment program to bridge the gap between entrepreneurs’ need for capital and traditional sources of financing.
• $23.78 billion of assets under management• 299 active SBICs• $13 billion of investments into more than 6,300 U.S. small
businesses across multiple industries over last 5 years• $4 billion authorization per year
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SBIR – The Small Business Innovation Research STTR – Small Technology Transfer Research
R&D funds to develop commercially viable innovations• $2.2 billion annual set aside • 145,000 awards granted • 10 patents per day
SBA Success Stories
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Colorado: American Furniture WarehouseNew Belgium BreweryOskar Blues Brewery
Comedy WorksOtterbox
Camp Bow Wow
Nationally: CostcoNike
Outback Steak HouseFederal Express
Ben and Jerry’s Ice Cream
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Thank [email protected]
303-844-0505
SBA Region VIII Office721 19th Street, Suite 400
Denver, CO 80202
www.sba.gov