Category Archives: Government Resources and Information

Benefits.gov – Equity Investment – Small Business Investment Company (SBIC) Program

The Small Business Investment Company (SBIC) program, part of the U.S. Small Business Administration (SBA), was created in 1958 to fill the gap between the availability of venture capital and the needs of small businesses in start-up and growth situations. SBICs exist to supply equity capital, long­term loans and management assistance to qualifying small businesses.The privately owned and operated SBICs use their own capital and funds borrowed from the U.S. Small Business Administration (SBA) to provide financing to small businesses in the form of equity securities and long­term loans. SBICs are profit­seeking organizations that select small businesses to be financed within rules and regulations set by SBA. Specialized SBICs (SSBIC) are a particular type of SBIC that provide assistance solely to small businesses owned by socially or economically disadvantaged persons.

SBICs invest in a broad range of industries. Some SBICs seek out small businesses with new products or services because of the strong growth potential of such firms. Some SBICs specialize in the field in which their management has special competency. Most SBICs, however, consider a wide variety of investment opportunities.

General Program Requirements

To obtain SBIC financing, you should first identify and investigate existing SBICs that may be interested in financing your company. Use the SBIC directory as a first step in learning as much as possible about SBICs in your state, or in other areas important to your company’s needs. In choosing an SBIC, consider the types of investments it makes, how much money is available for investment and how much might be available in the future. You should also consider whether the SBIC can offer you management services appropriate to your needs. Only companies defined by SBA as “small” are eligible for SBIC financing.

Loan Terms

This program provides equity investment as opposed to debt financing. The difference is that debt involves a loan that needs to be repaid on certain terms. An equity investment involves an Investment company that buy a piece of your business. They become co-owners in the business. These type of investments are negotiated by the investor and the company and therefore do not have standard terms like a debt financing (loan) program. More information about preparing for the investment is located at:
http://www.sba.gov/aboutsba/sbaprograms/inv/esf/inv_sbic_financing.html.

Application Process

To find information about active SBICs, please visit the National Association of Small Business Investment Companies (NASBIC) website at:http://www.nasbic.org

Advertisements

Leave a comment

Filed under Government Resources and Information, Grant Geek Diva Blog Articles

What Kinds of Fireworks are Legal in your State?

fireworks3Some states allow all or most types of consumer fireworks (formerly known as class C fireworks). These include Roman candles, rockets, sparklers, firecrackers and more.

Other states only allow novelty fireworks or ban fireworks completely.

If you plan to use fireworks this 4th of July, find out what’s legal in your state.

Leave a comment

Filed under Government Resources and Information

How to Properly Display the American Flag from USA.gov

ImageWith Memorial Day weekend here, a lot of us will be displaying our Flag to honor those who gave their lives for our country.  There can be confusion and questions about how to properly wear and display the American flag, especially around the summer holidays when many people want to display a flag.

Here is what the law says about using the American flag properly (PDF):

  • The flag should never touch anything beneath it, such as the ground, the floor, water or merchandise.
  • The flag should never be used as wearing apparel, bedding or drapery. It should never be festooned, drawn back, nor up, in folds, but always allowed to fall free.
  • No part of the flag should ever be used as a costume or athletic uniform.
  • The flag should never be used as a receptacle for receiving, holding, carrying or delivering anything.
  • The flag should never be carried flat or horizontally, but always aloft and free.
  • The flag should not be draped over the hood, top, sides or back of a vehicle or of a railroad train or a boat.

Read more rules and regulations that govern flag display (PDF).

Happy Memorial Day and THANKS to all those who gave their lives for our freedom!!

Leave a comment

Filed under Government Resources and Information, Grant Geek Diva Blog Articles

See If You Qualify for Free Tax Preparation Software

If your adjusted gross income was $58,000 or less in 2013, you may qualify to use a brand name tax software to prepare and e-file your taxes for FREE. 

Answer a few questions on IRS.gov to determine if you’re eligible, or check out the participating tax software companies and their individual requirements

Leave a comment

Filed under Government Resources and Information

Recommit to Your Money Goals During Financial Literacy Month

From USA.gov – Remember when you made that promise to yourself to get a better handle on your finances this year? Well April is the perfect time to reassess your progress on your money goals as part of Financial Literacy Month. Not sure where to start? Then let us help you! Start by ordering our free Financial Foundations Toolkit to get the advice and confidence you need to make sound money decisions. This toolkit will teach you:

  • How to save for college or retirement when money is tight
  • What you should do right after a job loss
  • What your insurance rights are in serious medical situations
  • How to avoid financial scams and identity theft
  • And more

Then make sure to follow along all month as we share more tools and resources you can use to manage your finances and set money goals you can achieve. Here’s a sneak peek of what you’ll learn this month:

  • Week one we’ll talk all things credit, scams and consumer protection.
  • Week two you’ll find tools and tips you can use to plan a comfortable retirement.
  • Week three we’ll tackle money management throughout all phases of life.
  • Week four you’ll learn how to invest your money safely and wisely.

Leave a comment

Filed under Government Resources and Information

Benefits.gov – Equity Investment – Small Business Investment Company (SBIC) Program

The Small Business Investment Company (SBIC) program, part of the U.S. Small Business Administration (SBA), was created in 1958 to fill the gap between the availability of venture capital and the needs of small businesses in start-up and growth situations. SBICs exist to supply equity capital, long­term loans and management assistance to qualifying small businesses.The privately owned and operated SBICs use their own capital and funds borrowed from the U.S. Small Business Administration (SBA) to provide financing to small businesses in the form of equity securities and long­term loans. SBICs are profit­seeking organizations that select small businesses to be financed within rules and regulations set by SBA. Specialized SBICs (SSBIC) are a particular type of SBIC that provide assistance solely to small businesses owned by socially or economically disadvantaged persons.

SBICs invest in a broad range of industries. Some SBICs seek out small businesses with new products or services because of the strong growth potential of such firms. Some SBICs specialize in the field in which their management has special competency. Most SBICs, however, consider a wide variety of investment opportunities.

General Program Requirements

To obtain SBIC financing, you should first identify and investigate existing SBICs that may be interested in financing your company. Use the SBIC directory as a first step in learning as much as possible about SBICs in your state, or in other areas important to your company’s needs. In choosing an SBIC, consider the types of investments it makes, how much money is available for investment and how much might be available in the future. You should also consider whether the SBIC can offer you management services appropriate to your needs. Only companies defined by SBA as “small” are eligible for SBIC financing.

Loan Terms

This program provides equity investment as opposed to debt financing. The difference is that debt involves a loan that needs to be repaid on certain terms. An equity investment involves an Investment company that buy a piece of your business. They become co-owners in the business. These type of investments are negotiated by the investor and the company and therefore do not have standard terms like a debt financing (loan) program. More information about preparing for the investment is located at:
http://www.sba.gov/aboutsba/sbaprograms/inv/esf/inv_sbic_financing.html.

Application Process

To find information about active SBICs, please visit the National Association of Small Business Investment Companies (NASBIC) website at:http://www.nasbic.org

1 Comment

Filed under Government Resources and Information

USA.gov – March 31: Last Day to Enroll in Health Insurance through the Marketplace

If you don’t have health insurance, or would like to change your coverage, you still have time to apply. March 31 is the last day you can enroll in 2014 coverage through the Health Insurance Marketplace. After March 31, you won’t be able to apply until the next open enrollment, unless you experience a qualifying life event. Get more information on how to apply for health coverage. https://www.healthcare.gov/how-do-i-apply-for-marketplace-coverage/

Leave a comment

Filed under Government Resources and Information