Tar Heel Business Briefs February 2013

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February 2013

Tar Heels Business Briefs

Brought to you by the U.S. Small Business Administration North Carolina District Office

Don't Miss these SBA Webinars!

Preparing for Spring Severe Weather Webinar

Join SBA for an important webinar on March 12, from 2 pm to 3 pm.   SBA and co-sponsor Agility Recovery offer monthly webinars to help companies in disaster recovery efforts.  Click here to learn more about AgilityWe have all witnessed the devastating effects Mother Nature can cause throughout the year. As we look ahead to Spring, now is the time to prepare for the threats posed by spring storms and floodwaters. Your organization is more than just a place of business to your customers, employees and stakeholders. Your organization is a key aspect of their lives, and one that must be protected. If your organization is affected by adverse weather conditions, how well will you be prepared to serve those who depend on you in their time of need?  This webinar will share practical, applicable tips and best practices to mitigate the risks posed by spring weather conditions. These recommended steps and strategies are based on the thousands of successful business recoveries following weather disasters, including those related to flooding, tornadoes and severe storms. Click here to register.

Webinar Series Promoting Entrepreneurship Education and Small Business Growth

Webinar topics:

           Crowdfunding - Pros and Cons - Tuesday, February 19 at 3:00 p.m.
           Crowdfunding Innovation - Wednesday, February 20 at 3:00 p.m.
           Kickstarting an Urban Farm-Thursday, February 21 at 3:00 p.m.
Audio Conference Login Instructions
   1.  Dial the AT&T Connect Teleconference Toll-Free Number – 1-888-858-2144
   2.  Enter AT&T Access Code – 4259370 (press the # key)
Web Conference Login Instructions:   Click here to log in.    Enter “Meeting Number” 1-888-858-2144; Enter “Access Code” 4259370; Enter “Email Address, First and Last name” ;   Click Submit;  Click Participant;  Click Participant Application (Recommended);  Click “Enter” Event; Click Dial-In/Already Connected by Phone;  (Close the Telephone Connection Instructions pop-up box).   

Export University 101

Export University 101 will be held in Mooresville, NC on Feb 28 from 8am-5pm. Learn how to compete globally!  This one day workshop features export sales, finance, and logistics solutions.

In this economy, you cannot leave any stone unturned. Cost: $65 and includes lunch & course CD Rom with “The Basic Guide to Exporting” and all training materials.

For more information: please contact Dan Holt, at 704-333-4886 ext. 226, email. Click here to register. 

How to Obtain a DUNS Number

Small business owners may need a DUNS number to get a loan or to register for government contracting. DUNS numbers are needed to obtain the credit score required for loan processing. DUNS numbers are provided by D&B at no cost - FREE. D&B has other fee based services…. But your number is FREE.

The DUNS number is a unique nine-digit identification number provided by Dun & Bradstreet. The DUNS Number is location-specific. Check to make sure you don’t already have a DUNS number.

Click here to obtain your DUNS number via the internet:

You will quickly receive your DUNS number by email. If your business and location is not listed, click Request a New DUNS number at the bottom of the page and follow the steps.

DUNS number via telephone: 866-705-5711. Choose option 5 to speak to a D&B representative. Mention to the D&B representative that you are an applicant for an SBA loan or contract and ask them to verify whether you already have a DUNS number. If you do not have one, the D&B representative will ask you for information to establish one for you on the phone and provide it to you. Requests for new DUNS number via phone usually take about 5-10 minutes.

SBA Triples Surety Bond Guarantee Ceiling

Construction photo

A major revision in the Surety Bond Guarantee (SBG) Program more than triples the eligible contract amount, from $2 million to $6.5 million, the Agency will guarantee on surety bonds for both public and private contracts. The higher surety bond guarantee limits are expected to help construction and service sector small businesses gain greater access to private and public contracts and secure larger contracts vital to small business growth.

The changes allow SBA to guarantee bonds for government contracts valued at up to $10 million if a contracting officer of a federal agency certifies that the guarantee is necessary for the small business to obtain bonding, and it is in the best interests of the government.

Click here for more information on SBA’s Surety Bond Guarantee Program, including Surety Office contacts.