Tag Archives: government resources

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

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

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

Government Resources – Much More Than Just Grants

I often feel inspired to post information snippets I receive by email from a cool service from USA.gov. It got me thinking that grants are just one small part of the resources available from government. Further, it made me realize that to be good at getting grants, you have to be able to think on your feet and be willing to not only look for information but be open to information when it comes in because sometimes it comes from the weirdest places. And whatever is going on in the world (good or bad) is directly related to where funding is or soon will be too. Oftentimes this is a sad reality, such as after disasters like the tornadoes in Oklahoma, but it is a reality.

I’ll continue to post information resources that I get from USA.gov and feel free to check them out yourself if you want to be informed about all kinds of topics that you might not think that government would have anything to do with.

Here’s one on how to improve your gas mileage 🙂 http://www.fueleconomy.gov/feg/drive.shtml

Here’s an overview of the tips:
1. Drive More Efficiently

  • Avoid speeding, rapid acceleration, and unnecessary braking
  • Observe the speed limit
  • Avoid idling
  • Remove unnecessary items that add weight to your vehicle
  • Use cruise control on the highway
  • Use overdrive gears when appropriate 

2. Keep Your Car in Shape

  • Get regular tune-ups
  • Keep tires properly inflated
  • Use the motor oil recommended for your vehicle
  • Replace a clogged air filter 

3. Plan and Combine Trips

  • Combine errands into one trip
  • Consider commuting alternatives (carpooling, public transit, etc.) 

4. Choose a More Efficient Vehicle

Leave a comment

Filed under Government Resources and Information

Get Help Paying Your Rent

If you’re struggling to make your rent payments, you may be able to find assistance from your local Housing and Urban Development (HUD) office. These offices offer rental assistance programs like privately-owned subsidized housing, public housing, and housing choice vouchers.

You may also be able to find help from your state housing authority or your local public housing agency.

Get help paying your rent and find additional resources if you are a veteran, senior citizen, person with a disability, or live in a rural area.

NOTE: This post is a re-post from USA.Gov Team

Leave a comment

Filed under Government Resources and Information