Tag: Program

Free Business Mentoring Program #home #based #business #opportunities

#business mentor

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Start a Conversation. Grow a Business.

We’re Better Together

For entrepreneurs, turning a passion into a business is the ultimate dream. But that dream doesn’t come easily. It’s hard work, and there are challenges around every corner. Fortunately, entrepreneurs don’t have to go it alone. Their chance of success increases with access to the business knowledge and guidance of experienced professionals.

MicroMentor is a free, easy-to-use social network that allows entrepreneurs and volunteer business mentors to connect so they can solve problems and build businesses together. Join a growing community that has already created thousands of mentor-mentee matches and continues to make an impact through the power of mentoring to help small businesses thrive.

Our growth was inevitable with my mentor holding me accountable.

Morgan, co-founder of Specialized Emergency Training

How It Works

Create your profile

Sign up and complete your profile. Describe yourself, what you do, and what you hope to accomplish here.

Reach Out

Send messages to others in the community to express your interest in starting a new mentoring conversation.

Start Mentoring

Talk on the phone to get to know one another. Move forward by setting goals and solving problems together!

For Organizations

MicroMentor also bundles our unique, web-based platform with dedicated programmatic support to help large organizations get employee volunteering and mentoring initiatives off the ground easily, effectively, and at scale. With a track record of creating satisfying mentoring experiences and fueling business growth, MicroMentor offers corporations and government agencies the potential for unprecedented reach and maximum impact.

To learn more, select which type of organization you work for:

My mentee did as much for me as I could have possibly done for her. It was unbelievable how she uplifted my life.

Newton, mentor and corporate executive

Powering Vision

Cynthia is a young social entrepreneur from Nigeria who joined MicroMentor to grow her biodegradable dish soap business, Everglow. Cyndy was connected with Gary, a former executive from UPS. Gary leveraged his extensive experience with sales, marketing and global logistics to help Cynthia, who then implemented a major rebrand and made crucial decisions about labeling, pricing, packaging and distribution. Gary helped Cyndy gain a competitive advantage within the burgeoning liquid soap market in Nigeria. Her business grew by 40% and hired 6 new employees. EverGlow is now being pursued by venture capitalists and bar soap manufacturers.

Cynthia is now launching a second social enterprise focused on cassava which will improve the environment and increase farmers’ incomes. Read more.

Business Mentoring Fuels Success

Thriving entrepreneurs often cite mentoring as a critical component of their success.
Our results show that entrepreneurs who use MicroMentor reap the benefits of mentoring, growing their businesses every year.

SURVIVE

Compared to a 74% survival rate for businesses that didn’t receive mentoring.

THRIVE

Mentored businesses increased revenues by 83% — five times better than without a mentor.





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Small Business Advice Program #small #business #administration

#small business advice

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Small Business Advice Programme

This project is a voluntary response by the business community to the challenges that recession brings for small business across the country. We have assembled a panel of people, with significant business experience, who are volunteering their time to give practical advice to small businesses. Your business can benefit from tapping into this pool of knowledge by applying for an advice meeting through this site.

No cost.

No hassle.

No long application process.

Just practical advice from experienced people who are volunteering to help keep your business in business.

Tuesday, March 27 2012

Small Business Support Programme Expands Into The Dublin Region

On 28th March 2012, John Perry TD, Minister for Small Business will lauch the programme in the Dublin region.

Small Business Support Programme Expands Into Mid-West Region

‘Minister Peter Power launches voluntary programme to help small businesses’

A programme designed specifically to come to the aid of small businesses and help them ride out the recession is being expanded into the Mid West Region (Clare, Limerick and Tipperary), it was announced last night in Thomond Park, Limerick.

The move follows the success of the programme in Carlow, Cork, Kilkenny, Waterford and Wexford over recent months. More than 60 volunteer advisors with different skill sets have helped over 150 companies since the smallbusinessadvice.ie launched in late 2009, giving specific confidential help on the problems facing small business in a downturn.

Tuesday, May 11 2010

Small Business Support Programme Expands Into South-East Region

‘Minister O’Keeffe launches voluntary programme to help small businesses’

A programme designed specifically to come to the aid of small businesses and help them ride out the recession is being expanded into the South East Region (Waterford, Wexford, Kilkenny and Carlow), it was announced last night (Monday, May 10) in Waterford.

The move follows the success of the pilot in the Cork region over the past six months. More than 35 volunteer advisors with different skill sets have helped over 70 companies since the smallbusinessadvice.ie launch in late 2009, giving specific confidential help on the problems facing small business in a downturn.





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SBIC Program #business #plans #examples

#small business investors

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In 1958, Congress created the Small Business Investment Company (SBIC) program to facilitate the flow of long-term capital to America’s small businesses. SBA does not provide capital directly to businesses. Instead, SBA partners with private investors to capitalize professionally-managed investment funds (known as “SBICs”) that finance small businesses.

Learn more about the SBIC program, locate key documents, and find out about key initiatives and upcoming events.

The SBIC Program application process is comprised of two distinct phases of review, each of which follows industry best practice in assessing the qualifications of SBIC applicants. Before.

Understand the key processes for licensed SBICs, including capitalization, financings, reporting, examinations, wind-up, and other important topics.

The success of the SBIC Program depends on the participation of private investors. In this section, limited partners and other investors can learn more about the program, its risks and benefits.

Find SBIC statute, regulations, forms, and other guidance on the SBIC program.

Learn how the SBIC Program is funded, what financing instruments are available to SBICs and the current cost of SBA-guaranteed debt.

SBA does not provide financing directly to small businesses, but this section contains information that may be helpful for companies seeking capital.





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Program Details – Business Administration – Leadership and Management #business #blogs

#business administration

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Business Administration – Leadership and Management

The focus of Centennial College s Business Administration Leadership and Management program is to help students identify and develop their leadership potential. In ways that no other undertaking or institution can achieve, this School of Business offering will allow students to become confident in decision-making, analysis, management practices and leadership. In the Leadership and Management program, students will enhance their ability to manage projects, find efficiencies, identify the best hires, and leverage their financial know-how into smart, strategic business decisions.

Through practical assignments that simulate real business situations, students will not only focus on their growth as leaders and decision-makers but they will also gain knowledge in essential business basics such as:

  • Marketing
  • Human resources
  • Accounting
  • Supply chain and operations
  • International business
  • Applied business software and management

Additionally, as a hands-on component, students will work with a team on the next business trend or innovative service offerings.

Well-rounded graduates from this School of Business program will have the option of immediately entering the workforce or continuing their studies at a wide range of degree-granting institutions. (See Career Opportunities below.)

Certified in Management (CIM) Designation

Graduates of the Business Administration Leadership and Management program will have met all academic requirements for the Certified in Management (CIM) designation from the Canadian Institute of Management. For additional details, please visit the Canadian Institute of Management website .

Canadian Professional Sales Association (CPSA)

Graduates will have completed all educational requirements and can submit an online application to the Canadian Professional Sales Association to receive a Professional Sales Certificate (PSC). After completing two years of professional sales employment, graduates will be eligible for the CPSA s professional designation Certified Sales Professional (CSP). For additional details, please visit the Canaidan Professional Sales Association website .

Program Highlights

  • Through their Leadership and Management courses, students will gain comprehensive, value-added knowledge of all areas of business and management.
  • The use of extensive case analyses, directed research and experiential learning will prepare students for a smooth transition to the workplace.
  • Students will expand their interactive and online skills with technology-supported learning.
  • Small class environments will give students ample opportunities to work on team projects that will stimulate their innovative thinking.
  • This Business Administration program will develop students skills portfolio as they become familiar with the management practices of leading global companies and organizations.
  • Students will learn from a team of professors with strong academic backgrounds, deep subject matter expertise, and extensive business and management experience.

Global Citizenship and Equity Portfolio

Students will develop a portfolio documenting their engagement with the College s signature global citizenship and equity competencies. For more information on Global Citizenship and Equity, the GC E Portfolio, opportunities for international travel available supports, please visit www.centennialcollege.ca/citizenshipandequity

Articulation Agreements

Start with a diploma, end with a degree! Successful graduates of this Leadership and Management program will have the opportunity to apply their credits towards further study at the degree level. Listed below are the degrees from partnering universities that are available for this program. Students should note that each partnership has a specific minimum grade requirement in order to qualify for transferring credits, details for which are searchable here .





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Program Details – Business – Marketing #local #business

#business marketing

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Business – Marketing

Educational Partners

All four semesters of this two-year Marketing program are identical to the first four semesters of the School of Business three-year, six-semester program. Should students wish to continue with a more in-depth study of the field, they will benefit from a seamless transition into the three-year program.

Qualified graduates may also be eligible to participate in an articulated program with select universities, institutes and professional associations. These partnerships will allow them to apply credits earned at Centennial towards further study.

The Business Marketing program s educational partners are:

  • Algoma University
  • Athabasca University
  • Davenport University
  • Griffith University
  • Royal Roads University
  • Ryerson University
  • University of Lethbridge
  • University of New Brunswick
  • University of Ontario Institute of Technology
  • University of Windsor

Career Outlook

  • Marketing assistant
  • Customer service representative
  • Account supervisor
  • Sales and service representative
  • Merchandising assistant
  • Advertising assistant
  • Blogger
  • Promotions assistant

Academic Requirements

  • Ontario Secondary School Diploma (OSSD) or equivalent, or mature student status (19 years or older)
  • English Grade 12 C or U, or equivalent (minimum grade required) or take the Centennial College English Skills Assessment for Admission
  • Mathematics Grade 11 or 12 C, M or U, or equivalent (minimum grade required) or take a Centennial College Math Skills Assessment for Admission

Additional Requirements

  • Minimum 2.0 (C Grade) is required to graduate.
  • Students will be placed in the appropriate English level based on skills assessment results. This may lead to additional courses and require extra time and fees.

1. Apply Online

If you are applying through the Second Career Strategy, please apply at the Employment Training Centre for Second Career (Progress Campus). Second Career Strategy is a funding initiative for those who have been laid-off and are in need of training. For more information go to Second Career Strategy .

If you have previously attended a full time program at Centennial College, you may be eligible for a Program Transfer. Visit Enrolment Services at any Campus for information.

All other applicants must apply online at Ontariocolleges.ca. A non-refundable application fee of $95 must accompany applications. The fee is payable online, by telephone, online banking, by mail, or in person to Ontariocolleges.ca. For more information go to Ontariocolleges.ca Application Fees .

2. Submit Documents

Current Ontario high school students and graduates from Ontario high schools: Notify your guidance counsellor that you have applied to college and your school will forward transcripts to Centennial College via Ontariocolleges.ca.

Graduates of college/university, or high school outside Ontario but within Canada: You are responsible for requesting that your educational institute sends any required documents and transcripts to Ontariocolleges.ca.

Applicants who attended school outside of Canada: If you are submitting transcripts to meet admission requirements, you must have the transcripts assessed by an independent credential assessment agency such as World Education Services (WES) or International Credential Assessment Service (ICAS).

3. Confirm Your Offer of Admission

Offers of Admission are sent by mail to eligible applicants. When you receive your offer, you must login to your account at Ontariocolleges.ca and confirm before the Deadline to Confirm noted in your offer letter.

You may confirm only one college and one program offer at a time.

You must confirm your offer by the Deadline to Confirm noted in your Offer of Admission letter or your seat may be given to another applicant.

When you confirm your Offer of Admission at Centennial College you are given access to your personal myCentennial account where you can check your email, grades, register for courses, pay tuition fees, and see your class timetable.

4. Pay Fees

Centennial fees statements are sent by email to your personal email account and to your myCentennial email account. Fees statements are not mailed .

You must make a minimum payment by the Fees Deadline noted in your Fees Statement or your seat may be given to another applicant.

5. Build Your Timetable (Register for Courses)

Build your timetable (web-register for courses) at my.centennialcollege.ca .

Fall registration begins mid-July
January registration begins mid-December
May registration begins mid-April

Your web-registration will not open if:

You have not submitted your minimum fee payment by the deadline
You received a Conditional Offer of Admission and you have not met the conditions of your offer.

Once you have paid your fees or have made appropriate arrangements, register for your courses online through myCentennial .

Fees noted below are estimates only. Tuition is based on two semesters, beginning Fall 2015.





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Small Business Advice Program #types #of #business

#small business advice

#

Small Business Advice Programme

This project is a voluntary response by the business community to the challenges that recession brings for small business across the country. We have assembled a panel of people, with significant business experience, who are volunteering their time to give practical advice to small businesses. Your business can benefit from tapping into this pool of knowledge by applying for an advice meeting through this site.

No cost.

No hassle.

No long application process.

Just practical advice from experienced people who are volunteering to help keep your business in business.

Tuesday, March 27 2012

Small Business Support Programme Expands Into The Dublin Region

On 28th March 2012, John Perry TD, Minister for Small Business will lauch the programme in the Dublin region.

Small Business Support Programme Expands Into Mid-West Region

‘Minister Peter Power launches voluntary programme to help small businesses’

A programme designed specifically to come to the aid of small businesses and help them ride out the recession is being expanded into the Mid West Region (Clare, Limerick and Tipperary), it was announced last night in Thomond Park, Limerick.

The move follows the success of the programme in Carlow, Cork, Kilkenny, Waterford and Wexford over recent months. More than 60 volunteer advisors with different skill sets have helped over 150 companies since the smallbusinessadvice.ie launched in late 2009, giving specific confidential help on the problems facing small business in a downturn.

Tuesday, May 11 2010

Small Business Support Programme Expands Into South-East Region

‘Minister O’Keeffe launches voluntary programme to help small businesses’

A programme designed specifically to come to the aid of small businesses and help them ride out the recession is being expanded into the South East Region (Waterford, Wexford, Kilkenny and Carlow), it was announced last night (Monday, May 10) in Waterford.

The move follows the success of the pilot in the Cork region over the past six months. More than 35 volunteer advisors with different skill sets have helped over 70 companies since the smallbusinessadvice.ie launch in late 2009, giving specific confidential help on the problems facing small business in a downturn.





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Program Details – Business Accounting #business #tips

#business accounting

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Business Accounting

Program Highlights

  • In the Business Accounting program, students will build the strong skills foundation necessary for pursuing a profession in accounting.
  • Professors in the School of Business have strong academic backgrounds, deep subject matter expertise, and extensive business and management experience.
  • Maximizing the learning experience will be small class environments that offer a leading edge information technology infrastructure.
  • Many classes will be taught in lab environments that are fully equipped with an integrated network of computer systems.
  • Students transition into the workplace will be made easy with training in industry standard accounting software, including QuickBooks and Sage ACCPAC ERP.

Articulation Agreements

Start with a diploma, end with a degree! Successful graduates of this Business – Accounting program will have the opportunity to apply their credits towards further study at the degree level. Listed below are the degrees from partnering universities that are available for this program. Students should note that each partnership has a specific minimum grade requirement in order to qualify for transferring credits.

Honours Bachelor of Arts – multiple majors

Honours Bachelor of Business Administration

Bachelor of Commerce, with Major

Bachelor of Commerce

Bachelor of Management, with Major, 4 Yr

Bachelor of Human Resources Labour Relations

Bachelor of Management, 4 yr

Bachelor of Management, 3 Yr

Bachelor of Business Administration – Finance

Bachelor of Business Administration – Accounting Fraud Investigation

Bachelor of Business Administration – Accounting Information Systems

Bachelor of Business Administration – Professional Accountancy

Masters of Business Administration – Professional Accountancy

New Brunswick, University of

Bachelor of Applied Management

University of Ontario Institute of Technology

Bachelor of Commerce

Royal Roads University

Bachelor of Commerce – Entrepreneurial Management

Bachelor of Business Administration in Sustainability and International Business

Educational Partners

Advanced Certificate in Accounting and Finance

Centennial College works in partnership with CPA to offer a pathway to the Advanced Certificate in Accounting and Finance (ACAF). The ACAF credential will give students a competitive advantage after graduation and the opportunity to accelerate to a rewarding career in accounting and finance. Any student enrolled in one of Centennial s certificate or diploma Accounting programs may qualify to enroll in the ACAF.

Career Outlook

  • Junior (entry-level) accountant
  • Accounting clerk
  • Accounting assistant
  • Accounts payable clerk
  • Accounts receivable clerk
  • Accounts payable officer
  • Accounts receivable officer
  • Credit and collections officer
  • Fixed asset management officer
  • Auditor
  • Accountant
  • Financial consultant
  • Financial officer

Academic Requirements

  • Ontario Secondary School Diploma (OSSD) or equivalent, or mature student status (19 years or older)
  • English Grade 12 C or U, or equivalent (minimum grade required) or take the Centennial College English Skills Assessment for Admission
  • Mathematics Grade 11 or 12 C, M or U, or equivalent (minimum grade required) or take a Centennial College Math Skills Assessment for Admission

Additional Requirements

  • Students will be placed in the appropriate English level based on skills assessment results. This may lead to additional courses and require extra time and fees.

1. Apply Online

If you are applying through the Second Career Strategy, please apply at the Employment Training Centre for Second Career (Progress Campus). Second Career Strategy is a funding initiative for those who have been laid-off and are in need of training. For more information go to Second Career Strategy .

If you have previously attended a full time program at Centennial College, you may be eligible for a Program Transfer. Visit Enrolment Services at any Campus for information.

All other applicants must apply online at Ontariocolleges.ca. A non-refundable application fee of $95 must accompany applications. The fee is payable online, by telephone, online banking, by mail, or in person to Ontariocolleges.ca. For more information go to Ontariocolleges.ca Application Fees .

2. Submit Documents

Current Ontario high school students and graduates from Ontario high schools: Notify your guidance counsellor that you have applied to college and your school will forward transcripts to Centennial College via Ontariocolleges.ca.

Graduates of college/university, or high school outside Ontario but within Canada: You are responsible for requesting that your educational institute sends any required documents and transcripts to Ontariocolleges.ca.

Applicants who attended school outside of Canada: If you are submitting transcripts to meet admission requirements, you must have the transcripts assessed by an independent credential assessment agency such as World Education Services (WES) or International Credential Assessment Service (ICAS).

3. Confirm Your Offer of Admission

Offers of Admission are sent by mail to eligible applicants. When you receive your offer, you must login to your account at Ontariocolleges.ca and confirm before the Deadline to Confirm noted in your offer letter.

You may confirm only one college and one program offer at a time.

You must confirm your offer by the Deadline to Confirm noted in your Offer of Admission letter or your seat may be given to another applicant.

When you confirm your Offer of Admission at Centennial College you are given access to your personal myCentennial account where you can check your email, grades, register for courses, pay tuition fees, and see your class timetable.

4. Pay Fees

Centennial fees statements are sent by email to your personal email account and to your myCentennial email account. Fees statements are not mailed .

You must make a minimum payment by the Fees Deadline noted in your Fees Statement or your seat may be given to another applicant.

5. Build Your Timetable (Register for Courses)

Build your timetable (web-register for courses) at my.centennialcollege.ca .

Fall registration begins mid-July
January registration begins mid-December
May registration begins mid-April

Your web-registration will not open if:

You have not submitted your minimum fee payment by the deadline
You received a Conditional Offer of Admission and you have not met the conditions of your offer.

Once you have paid your fees or have made appropriate arrangements, register for your courses online through myCentennial .

Fees noted below are estimates only. Tuition is based on two semesters, beginning Fall 2015.





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Business – Marketing Program & Courses #online #businesses

#business marketing

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Program Details

Business – Marketing

Credential: Ontario College Diploma College Code: CONS School: Business and Hospitality Program Code: 1242 Accelerated Delivery: Yes Campus: DO Academic Year: 2016 / 2017

About the Program

Business – Marketing is a two-year diploma program designed for people seeking a high level overview of the marketing industry. The program focuses on the fundamental principles of marketing and gives graduates hands-on skills to gain employment in the marketing industry.

The program offers courses in advertising, graphic design, internet, research, sales, events and retail while developing teamwork, communication and general business skills. In addition, students participate in the design and presentation of marketing, advertising and event plans.

Program Information

Length: Two-year Ontario College Diploma program
Delivery Sequence:
Doon (Kitchener) – September/2016 (Open) – Fall | Winter | Fall | Winter
Doon (Kitchener) – January/2017 (Open) – Winter | Spring/Summer | Fall | Winter
Location: Doon (Kitchener)
Start: September and January
First-Year Capacity: 80 September, 15 January

Admission Requirements

  • Ontario Secondary School Diploma (OSSD), or equivalent, or 19 years of age or older with mature student status (See Mature Student definition for details.)
  • Grade 12 compulsory English, C or U, or equivalent, OR Conestoga College Preparatory Communications (COMM1270)
  • Grade 11 Mathematics, C, M (U/C), or U, or equivalent, OR Conestoga College Preparatory Mathematics (MATH1375)
  • For more information on preparatory programs, visit Academic Upgrading

Admission Procedures

  • An academic strength is calculated by averaging the submitted marks of required subjects. If more than one mark is received for a required subject, the highest mark will be used in the calculation.
  • Ten (10) additional marks are added to each Advanced level, OAC, U, U/C, and post-secondary course used in the calculation of academic strength.
  • A sound mathematical and English background is important for success in this program and is considered during the admission selection process. Minimum cutoffs apply.

Program Requirements

  • Many students in the two-year program will choose to proceed into the three-year program at the end of two years to take advantage of the third-year advanced specialization courses. This involves a straight transfer with no additional courses required. Students taking this path after their second year are not eligible for the three-year co-op option.
  • Students in their first year who begin the program in the fall and who meet specific performance criteria may be eligible to transfer to the co-op option for the summer semester. Students beginning in the winter semester are not eligible to transfer to the co-op option.
  • Students beginning the program in January must be prepared to attend Semester 2 in the summer session which runs for 15 weeks from mid-May to mid-August.

Tuition Fees

Tuition fee details for the 2016-2017 year are listed below. Books and supplies are additional.

Estimated fees based upon the previous academic year (2015 / 2016) for Business – Marketing – Program # 1242

Doon – Fall 2016 Level 1 & 2 (Program Start: 2016-09-06)

Financial Assistance

The Ontario Student Assistance Program (OSAP) is a needs-based program designed to help Ontario students cover the cost of post-secondary education. Funded by the federal and provincial governments, OSAP is intended to promote equality of opportunity for post-secondary studies through direct financial assistance for educational costs and living expenses. These interest-free loans are intended to supplement your financial resources and those of your family. The majority of students apply for loan assistance via the OSAP website. Students can also print the application booklet through the OSAP website.

Graduate Opportunities

This two-year program prepares students for work in a variety of jobs in a wide range of employment settings including retailers, advertising agencies, product or service industries, non-profit organizations, small businesses, and self-employment.

96% of 2013-2014 graduates found employment within 6 months of graduation. Their average starting salary was $35,882.

For more details on related occupations, job market information and career opportunities, see the Government of Canada website: http://www.workingincanada.gc.ca

Pathways Credit Transfer

Conestoga pathways enable students to build on their academic achievements in order to earn a degree or additional credential. Pathways are formed through agreements between Conestoga programs or partner institutions. View the transfer agreement opportunities for this program.

Often applicants have earned credits from another college or university that may allow a student to be granted advanced standing or exemption. Learn more about credit transfer opportunities at Conestoga.

Prior Learning Assessment and Recognition (PLAR)

Conestoga recognizes prior learning of skills, knowledge or competencies that have been acquired through employment, formal and informal education, non-formal learning or other life experiences. Prior learning must be measurable at the required academic level and meet Conestoga standards of achievement for current courses. Challenge exams and portfolio development are the primary methods of assessment. Other methods of assessment may be available depending upon the nature of the course objectives. Successful completion of the assessment results in an official course credit that will be recorded on the student s Conestoga transcript. PLAR cannot be used by registered Conestoga students for the clearance of academic deficiencies, to improve grades or to obtain admission into a program.

Learn more about PLAR.

Program Courses

Course Title and Description





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Rural Business Investment Program #business #partner

#business investment

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Rural Business Investment Program

What does this program do?
This program provides a Rural Business Investment Company (RBIC) license to newly formed venture capital organizations to help meet the equity capital investment needs in rural communities.

Who may apply for this program?
Eligible applicants for the RBIC license include newly formed:

  • For-profit entities, or
  • Subsidiary of an entity
  • Must have relevant experience in venture capital or community development financing
  • Must raise a minimum of $10 million in private equity capital
  • May be structured as limited partnerships, limited liability companies, or corporations

What is an eligible area?
There are no restrictions on the location of eligible applicants for RBIC licenses. The goal of each RBIC is to help fill the need for business and development capital in rural areas.

How may funds be used?

  • A minimum of 75% of funds must be made in rural areas with a population of 50,000 or less.
  • A minimum of 50% of funds must be invested in smaller enterprises 
  • A maximum of 10% of RBIC investments may be made in urban areas 

How do we get started?
Applications for this program are accepted on an annual basis. A Notice of Solicitations of Applications (NOSA) is posted in the Federal Register .

What governs this program?

  • Code of Federal Regulation, 7 CFR Part 4290
  • This program is authorized by the Food, Conservation and Energy Act of 2008 (2008 Farm Bill)

Why does USDA Rural Development do this?
Access to capital is vital to businesses and often scarce in rural areas.

NOTE: Because citations and other information may be subject to change please always consult the program instructions listed in the section above titled “What Law Governs this Program?” You may also contact our National Program Office for assistance.





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SBIC Program Overview #starting #a #new #business

#small business investment company

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A multi-billion dollar program founded in 1958, the SBIC Program is one of many financial assistance programs available through the U.S. Small Business Administration. The structure of the program is unique in that SBICs are privately owned and managed investment funds, licensed and regulated by SBA, that use their own capital plus funds borrowed with an SBA guarantee to make equity and debt investments in qualifying small businesses. The U.S. Small Business Administration does not invest directly into small business through the SBIC Program, but provides funding to qualified investment management firms with expertise in certain sectors or industries.

This section provides an overview of the SBIC Program, providing information on the benefits to small businesses, how investment funds can participate and what the advantages are of investing in an SBIC. The content of this section, as well as a general overview of the Office of Investment and Innovation, is available for download by clicking the image below.

SBIC Program OII Initiatives – Briefers

Program Achievements Success Stories

On September 30th, 2013, the last day of the U.S. Government’s fiscal year, the SBIC Program closed another record year. Here are just a few of the results achieved:

  • The SBA issued $2.2 billion in new commitments to SBICs
  • $3.5 billion in financing dollars were invested in small businesses
  • 1,068 small businesses were financed, 30% of which were in low-to-moderate income areas or were minority- or women-owned businesses
  • . all at ZERO cost to taxpayers.

Some of the country’s most successful corporations received financing from SBICs during their early stages of growth. The program’s “success stories” include thousands of small businesses, but here are a few of the more recognizable names:

  • Staples
  • AOL
  • FedEx
  • Jenny Craig
  • Build-a-Bear Workshop
  • Outback Steakhouse

The SBIC Life Cycle:

Types of Licenses:

Investment funds licensed as SBICs currently have the option of applying for three different types of license:

  1. Standard Debenture License: Funds have been licensed as Standard Licensees since the program was founded in 1958. They have the broadest investment mandate, are licensed through a “rolling admissions” process and are eligible for two tiers of leverage capped at $150 M.
  2. Impact Investment License: The Impact license is for funds with an investment mandate targeted social as well as financial returns. The managers of these funds pledge to invest 50% of their capital in “impact” investments and are eligible for an expedited licensing process.
  3. Early Stage Innovation License: The Standard and Impact licenses are most suitable for investors targeting later-stage companies with cash flow. The Early Stage Innovation License, by contrast, is designed to attract investment fund managers with experience supporting companies in their earliest stages of growth. They have access to one tier of leverage, capped at $50 million and are licensed through an annual call (issued in December or January of each year) versus a rolling basis.

SBA Leverage Products:

Regardless of the license they hold, SBICs can take advantage of a variety of leverage products, each with unique terms and conditions. They include the Standard Debenture, the Low-to-Moderate Income Debenture and the Energy-Savings Debenture. For more information on the specifics of each of these products, please refer to the SBIC Applicants section of our website.

SBIC Investment Requirements:

Every fund licensed as an SBIC agrees to abide by the regulations governing our program (available in our SBIC Licensees section). What follows are some of the major regulations prospective applicants, licensees, private investors and small business owners should be aware of:

Small Businesses are defined as businesses with tangible net worth of less than $19.5 million AND an average of $6.5 million in net income over the previous two years at the time of investment. A business may also be deemed “small” using SBA’s N.A.I.C. code standards

SBICs must invest 25% of their capital in Smaller Businesses

Smaller Businesses are defined as businesses with tangible net worth of less than $6 million AND an average of $2 million in net income over the previous two years at the time of investment.

Invest in small businesses using loans, debt securities with equity features equity.

Invest in small businesses located in the U.S. or its territories

Invest in small businesses active in manufacturing, transportation, consumer products and other sectors that are not contrary to the public interest

Control small businesses for up to 7 years

Invest an amount greater than 30% of the SBIC’sprivate capital in any single portfolio company. With two tiers of SBA leverage, this means an SBIC may not invest more than 10% of their total capital (private + SBA) in any single portfolio company.

Invest in businesses with more than 49% of their employees located outside the U.S.

Invest in companies active in sectors deemed contrary to the public interest NOR may they invest in project finance, real estate or financial intermediaries

Control small businesses for longer than 7 years without first obtaining approval from the SBA

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