Fresno District Office - June 2022 Small Business Newsletter

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Fresno District Office  

u s small business administration

Get Funded - SBA 504 Loans

Loans

Long-term, fixed rate financing of up to

$5 million for major fixed assets.

 

 

 

What is the 504 loan program?

The CDC/504 Loan Program provides long-term, fixed rate financing of up to $5 million for major fixed assets that promote business growth and job creation.

504 loans are available through Certified Development Companies (CDCs), SBA's community-based partners who regulate nonprofits and promote economic development within their communities. CDCs are certified and regulated by the SBA.

Am I eligible?

To be eligible for a 504 loan, your business must: 

  • Operate as a for-profit company in the United States or its possessions
  • Have a tangible net worth of less than $15 million
  • Have an average net income of less than $5 million after federal income taxes for the two years preceding your application

Other general eligibility standards include  falling within SBA size guidelines, having qualified management expertise, a feasible business plan, good character and the ability to repay the loan.

Loans cannot be made to businesses engaged in nonprofit, passive, or speculative activities. For additional information on eligibility criteria and loan application requirements, small businesses and lenders are encouraged to contact a Certified Development Company in their area.

How do I use a 504 loan?

A 504 loan  can be used for a range of assets that promote business growth and job creation. These include the purchase or construction of: 

  • Existing buildings or land 
  • New facilities 
  • Long-term machinery and equipment

Or the improvement or modernization of: 

  • Land, streets, utilities, parking lots and landscaping 
  • Existing facilities 

A 504 loan  cannot  be used for: 

  • Working capital or inventory 
  • Consolidating, repaying or refinancing debt 
  • Speculation or investment in rental real estate

What do I need to apply?

504 loans are available exclusively through Certified Development Companies (CDCs). First,  find a CDC  in your area to ensure you are dealing with a qualified lender.

 

 

Click Here to Learn More

 


Government Contracting  

Don’t Have Two Years of Corporate Experience to Get on Schedule? Consider the Startup Springboard!

For years, we’ve heard from industry partners that unique government practices such as the two-year corporate experience requirement for becoming a schedule contractor can be a barrier for small businesses, and particularly challenging for startups. The Startup Springboard, previously only for IT-related offerings, is expanding to all MAS large categories.

Starting May 16, 2022, the MAS solicitation and eOffer allows any potential offeror with less than two years corporate experience to submit an offer for a MAS contract by:

 

  • Using the professional experience of their executives and key personnel as a substitute for having two years of corporate experience.  
  • Using the project experience of key personnel as a substitute for having relevant corporate past performance.  
  • Providing financial documentation that demonstrates the company's financial responsibility in lieu of submitting two years of financial statements.

MAS seeks to encourage any new, innovative business to join the program by expanding the Startup Springboard initiative - now, any type of offerings are welcome! To learn more, visit gsa.gov.


SBA Lending

Lending

SBA Lending 

 

SBA Fresno District Lending reports will now be available for each newsletter.  

 

Click Here for Most Recent Report


International Trade

REPSCO 2022

REPSCO, Inc - SBA Fresno District Office 2022 Exporter of the Year 

(Pictured Left- Paul Bennet, President and District Director Dawn Golik)

REPSCO, Inc. is an independent manufacturer of custom-designed extruded plastic sheet products. Innovation is a tradition at REPSCO, Inc. For over 35 years the Modesto based company has focused on improving every step of the recycling process from sourcing materials to refining their processes to net the highest quality polymers in the post-consumer market. This attention to detail has allowed REPSCO Inc to continuously reduce costs in recycling and to pass those savings on to their customers around the world.

“This year’s National Small Business Week theme, “Building a Better America Through Entrepreneurship,” highlights the resilience, ingenuity, and creativity of these award winners who, like millions of small businesses, faced and overcame unprecedented challenges from the pandemic,” said Dawn Golik, Director of the Fresno SBA District Office which serves the 15 county San Joaquin Valley and Central Coast Region.  “These honorees and all of this region’s small businesses are key to America’s economic strength and success and we are proud to honor them during National Small Business Week.”

 

CONGRATULATIONS!

 


Online Training

VetTrng

Entrepreneurial Training

 

Like all successful missions, small business ownership starts with training. That’s why SBA empowers service members, veterans, National Guard and Reserve members, and military spouses with entrepreneurial trainings and resources right in their local community. Through a network of partners and grantees, SBA offers specialized training programs for women veterans, service-disabled veterans, and veterans interested in federal procurement. Entrepreneurs across the nation can access these programs in-person or virtually at every stage of small business ownership.

 

Learning Center

Ascent

 

Women own or co-own 45% of all businesses in the United States. These businesses represent all types of industries and are owned by all types of women. The majority are small, with great potential for growth in both revenues and job creation. That’s why we created Ascent and packed it with in-depth information to help you grow your business. Click to edit this placeholder text.

 

Learn more 


Small Business Assistance - SBA Partners

WBC2022

Kern County Womens Business Center Moves to New Location!

(Pictured Left: Norma Dunn, WBC Center Director, SBA Fresno District Deputy Director George Flores, Anita Robinson President MCSC)

Mission Community Service Corporation hosts the Women’s Business Center in Kern County. Helping women, low-income, minority, and non-profit businesses gain the knowledge they need to start and run successful businesses. Offering business start up classes, monthly workshops, and free business consulting.

“​​The resources available (are) very limited … in the Central Valley,” Dunn said. “We wanted to bring it to all of Kern County … ​​and make sure that the people have the help that they need to start their businesses or scale their businesses up.”

New Location: 10800 Stockdale Highway, Ste 201, Bakersfield, CA 93311

Services Provided:

Entrepreneurial Training Course:

"Start, Run & Grow" is a ten-session entrepreneurial training course that will equip you with the necessary knowledge,  tools, and resources to start and/or grow your business. The "Empezando" course is the Spanish equivalent. The outcomes of these courses are a tangible business plan and fine-tuned business pitch.

 

Professional Business Consulting:

MCSC also provides no-cost business consultations. MCSC has an elite team of consultants that have extensive expertise in fields including marketing, organizational development, finance, management, etc. Consultations are offered as an individual service, or as a supplementary service to MCSC graduates to assist them in starting or profitably growing their business.

 

Workshops: 

MCSC offers business workshops that are free and open to the public. These workshops are designed to enhance the understanding of important and current business topics, in addition to providing a networking platform.

 

Contact Kern County WBC

 


SBDC

Central California Small Business Development Centers

The SBDC Network serves 14 counties in Central California with six dedicated SBDC Centers.

Our expert Business Advisors will work with you and your company across multiple disciplines, whether it’s preparing a strategic plan, developing digital marketing strategies, streamlining operations, accessing capital, or launching an innovative technology start-up.

Contact your local SBDC Service Center to arrange a no-obligation meeting to learn more about how we can be of assistance. For more information on the Center nearest you, visit our Locations page.

 

Contact SBDC

wbc

Womens Business Centers

Mission Community Services Corporation (MCSC) formed in 1998 and is a 501(c)3 that has been host to the Small Business Administration Women’s Business Center (WBC) since October 2006.

MCSC's Women's Business Center is  full-service, technical assistance and training resource for entrepreneurs of all stages. Special focus is directed to underserved low-to-moderate income minority women. Although we operate as the Women's Business Center we inclusively serve all small businesses. Our service territory covers San Luis Obispo, Kern, and Monterey counties. 

MCSC is in its 15th continuous year and was recognized as the 2020 Women's Business Center of the Year for the San Joaquin Valley and Central Coast Region.

 

Contact WBC

VBOC

Veteran Business Outreach Centers

The Center provides small business services to Veterans, DVBE, Reservist and Guard Members in their initiatives to start, cultivate or expand a business initiative.

The Center offers  small business training services in areas of business development, marketing, sources of capital, government contracting, financial management, operational infrastructure design and implementation, acquisitions and mergers, employee relations, business planning and much more.

Educational workshops are offered in areas of Business Basics, Marketing, Franchising, Business Plan Development, Financing and Government Contracting.

Contact VBOC

 

SCORE

SCORE

We believe that anyone can start a small business with the right support. We also know that the road is harder for some than for others. SCORE for All is the bridge that makes the journey to success more direct and sure-footed for entrepreneurs who need more support.

Diverse backgrounds, different voices and unique needs may call for specialized resources or a personalized approaches in mentoring.  SCORE is listening, recognizes and fulfills these diverse needs in a wholly inclusive platform called SCORE for All.

 

Contact SCORE


Feedback

WE VALUE YOUR FEEDBACK!

 

If you are a current or prospective small business owner, who has interacted with the SBA Fresno District Office, take our customer service experience feedback survey to help us better determine how we can improve our services.

 

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