SBA SBA Programs and Services Programs and Services U.S. Small Business Administration North Park Corporate Center 17319 San Pedro, Bldg. 2, Suite 200 San Antonio, Texas 78232 210.403.5917 -- Lender Relations 210.403.5928 -- Bus. Dev. 210.403.5924 – 8(a) Contracting Office Website: www.sba.gov/tx/sanantonio
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SBA Programs and Services U.S. Small Business Administration North Park Corporate Center 17319 San Pedro, Bldg. 2, Suite 200 San Antonio, Texas 78232 210.403.5917.
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SBASBA Programs and ServicesPrograms and Services
U.S. Small Business AdministrationNorth Park Corporate Center
17319 San Pedro, Bldg. 2, Suite 200San Antonio, Texas 78232
UT San Antonio SBDC (210) 458-2460 SBA--Mary Alice Blanco
University of Houston Victoria SBDC (361) 575-8944 SBA—Debra Dimando
SBA SAN ANTONIO DISTRICT SBDC and SBA Coverage
Del Mar College SBDC Corpus Christi, TX (361) 698-1021 SBA– Mary Alice Blanco
San Antonio
Bexar
Eagle Pass
San Marcos
Victoria
Why SBA?Why SBA?
• Business DevelopmentBusiness Development– OutreachOutreach– Special Workshops/Conferences Special Workshops/Conferences – Counsel & Advise through:Counsel & Advise through:
• Small Business Development Center Program (SBDC)Small Business Development Center Program (SBDC)• Service Corps of Retired Executives (SCORE)Service Corps of Retired Executives (SCORE)• Women Business Center (WBC) located in AustinWomen Business Center (WBC) located in Austin
• Procurement AssistanceProcurement Assistance– 8(a) Program
• Loan ProgramsLoan Programs
8(a)BD Program Objectives8(a)BD Program Objectives(Sec. 204 of Public Law 100-656)(Sec. 204 of Public Law 100-656)
• ““to promote the business development of to promote the business development of small business concerns owned and small business concerns owned and controlled by socially and economically controlled by socially and economically disadvantaged individuals . . .”disadvantaged individuals . . .”
• ““to promote the competitive viability of such to promote the competitive viability of such concerns . . .”concerns . . .”
• ““to clarify and expand the program for to clarify and expand the program for procurement by the United States . . .”procurement by the United States . . .”
~ LOAN PROGRAM ~ ~ LOAN PROGRAM ~ HOW THE SBA GUARANTY WORKSHOW THE SBA GUARANTY WORKS
• Lending Institution -- Plays The Central Role Lending Institution -- Plays The Central Role – Application & ProcessingApplication & Processing
• Lending Institution -- Closes and FundsLending Institution -- Closes and Funds
• Lending Institution -- Services the LoanLending Institution -- Services the Loan
U.S. Small Business Administration
The Patriot Express Initiative Loan
SBA’s Patriot ExpressInitiative has new andenhanced programsand services forveterans and membersof the military wantingto establish or expand small businesses.
• Veterans (other than dishonorably discharged)• Service-disabled veterans
• Soon-to-be discharged active-duty service members eligible for the military’s Transition Assistance Program
• Reservists and National Guard members
• Current spouse of any Veteran (other than dishonorably discharged), any Service-Disabled Veteran, any Active Duty Military member, or Reservist or National Guard member; widowed spouse of a service member who died while in service; or widowed spouse of a veteran (other than dishonorably discharged) who died of a service-connected disability
Military community members, including:
Patriot Express Initiative Loan
Patriot Express Initiative Loan
• 85 percent for loans of$150,000 or less
• 75 percent for loans over$150,000 up to $500,000
Patriot Express loans qualify for
the SBA’s maximum guaranty:
Other Key Features
• Revolving lines of credit available
• Lenders Use Mostly Own Documents &
Procedures
• Loans Processed in Sacramento
• Delivery Methods -- Fax / Mail / E-Tran
• SBA Response - 24 Hours
Patriot Express Initiative Loan
Collateral Requirements • Lenders are not required to take
collateral for loans up to $25,000
• Lenders may use their existing collateral policy for loans over $25,000 up to $350,000
• Lenders must take available collateral for loans greater than $350,000
Patriot Express Initiative Loan
Interest RatesThe standard 7(a) interest rate restrictions apply:
• A lender may charge up to 2.25 percent over the Prime rate for maturities under seven years
• A lender may charge up to 2.75 percent over the Prime rate for maturities over seven years
• The rates can be 2 percent higher for loans of $25,000 or less
• Or, 1 percent higher for loans between $25,000 or $50,000.