1. www.sba.gov U.S. Small Business Administration Programs & Services

2. www.sba.gov “To maintain and strengthen the Nation’s economy by enabling the establishment and vitality of Small Businesses and by assisting in the economic recovery of communities after disaster.” SBA Mission Statement

3. www.sba.gov SBA Partner to the Entrepreneur

4. www.sba.gov 7(a) Loan Program Regular 7a  Guarantee 85% of Loans <$150,000  Guarantee &5% of loan.$150,000 up to $2 million  Loan Proceeds: Refinancing, Purchase Land or buildings, Line of Credit, Working Capital, or Inventory. Flexibility The Recovery Act  Guarantee 90% on all 7(a) Loans: Standard 7(a), CLP, PLP Community Express, Patriot Express Export Express Gulf Opportunity EXCEPT: SBA Express 50% Gty.

5. www.sba.gov 7(a) Higher Guaranty Extended  7(a) 90% guaranty has been extended until February 28, 2010 or earlier if funds are exhausted

6. www.sba.gov Elimination of Guaranty Fees  7(a) Loan Guaranty fees paid by the borrowers  504 Development Company program fees paid by the borrowers  Guaranty fees elimination has been extended until February 28, 2010 or earlier if funds are exhausted

7. www.sba.gov  Terms ▪ 7 to 10 years for working capital and equipment ▪ Up to 25 years for fixed assets: - real estate and construction  Interest Rates ▪ Negotiated between borrower and lender ▪ Typically cannot exceed prime rate plus 2.75% 7(a) Loan Program

8. www.sba.gov ARC LOAN PROGRAM  New, temporary, guaranteed loan program  Up to $35,000  Interest-free to borrowers  Deferred payment loan  SBA pays interest to lender at WSJ Prime + 2  No fees charged by SBA or Lenders to borrowers, other than direct costs of securing and liquidating collateral Loans available until funds run out or 9/30/2010

9. www.sba.gov Patriot Express Loan  Loans up to $500,000  85% on loans of $150,000 or less  75% on loans over $150,000  Terms: same as 7(a) loan  Use of proceeds: same as 7(a) loan  Interest rate: 2.25% TO 4.7 over prime

10. www.sba.gov  8(a) Business Development Program Socially & Economically Disadvantaged Small business concern 51% Ownership required Owned by a U.S. citizen Day to Day Control For businesses in operation 2+ years $250,000 personal Net Worth Federal Procurement Opportunities

11. www.sba.gov  Small Disadvantaged Business Program Socially & Economically Disadvantaged 51% Ownership required Day to Day Control For businesses in operation 2+ years Other persons, including women & persons of any race $750,000 personal Net Worth Procurement Opportunities

12. www.sba.gov SBA RESOURCES PARTNERS FREE ONE ON ONE COUNSELING BUSINESS and MANAGERMENT  Small Business Development (SBDC) (803) 777-5118  SCORE (Counselors to America Small Business (803) 765-5131

13. www.sba.gov ??? CALL US ??? U.S. SMALL BUSINESS ADMINISTRATION STROM THURMOND FEDERAL BUILDING 1835 ASSEMBLY STREET, SUITE 1425 COLUMBIA, SC 29201 Telephone: (803) 765-5377 Web Address: www.sba.gov/sc

14. www.sba.gov Thank You!