Tag Archives: government

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

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

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

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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/

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Gallagher Was Right – Congress Really is the Opposite of Progress!

When I was in college, I loved the comedian Gallagher.  One night while watching him, just before he took out the Sledge-O-Matic and began smashing watermelons, he said “If pro is the opposite of con, does that mean Congress is the opposite of progress?”  I thought that was hilarious and have remembered it for 20+ years.  Now I don’t think it’s that hilarious. I think he may have been right.  how-much-is-gallagher-worth

I’ve been watching this anti-Obamacare crazy process play out since Day 1 of the government shutdown with a variety of emotions – amazement, anger, dismay, fascination and horror.  I am a really busy person and I don’t usually watch the news that much but I’ve been glued to the TV since it started. I can’t seem to pull myself away.

At first I was perplexed and I guess a little naïve.  I thought no way would people who were voted in to run our country be so irresponsible as to let the government actually shut down for any length of time. Really?  Then as I watched it play out I became disheartened. I admit I don’t do well with lack of reason.  I can interact with any reasonable person and I love to debate even political topics but when people start talking crazy I kind of shut down.  I know that politics can be complicated and it has its games. I get that, but the depths of grotesqueness to which politicians would go to avoid responsibility for their actions and to play with people’s lives left me feeling pretty disgusted.

Here are some of the things I’ve been thinking about and questions that keep coming to mind:

Question 1.    Does anyone remember this little thing called the Democratic Process?

I was under the impression that the Democratic Process was a foundation of life in the United States. In fact, I agree that people have the right to disagree about the specifics of anything, which is part of the Democratic process.  Although I lean pretty liberal myself, I’ve stood up for the Tea Party’s right to express their opinions because I understand that when people feel like government isn’t doing what it’s supposed to do, the people feel that they need to take action. Even if the content of what they think isn’t in agreement with what I think, I respect their passion to move forward on what they believe in. I think it’s important for government to be a little shaken up every so often.  But not SHUT DOWN COMPLETELY!

I thought everyone who completed 5th grade civics class knew the basics about how our government works. Now I’m starting to think I was delusional for believing that.

Here’s a quick refresher.  There are 3 branches of government.

1. The legislative branch AKA Congress which can be further broken down into the House and the Senate.

2. The Executive Office AKA the President; and

3. The judicial branch AKA the Supreme Court.

When someone wants to make a new law, they introduce this little thing called a Bill. Ever heard of it? If you grew up when I did, just think of the SchoolHouse Rock song– “I am Just A Bill Stuck on Capitol Hill”.  A bill can be introduced by a member of the house or the senate or the president or regular old folks like you and me.  To become a law, it has to be approved by both the legislative branch and the executive branch. If it is approved by both of these branches it becomes a law. It can also be reviewed by the Supreme Court if someone thinks it is unconstitutional.

Sorry to disappoint those folks that either forgot about this or live in delusion land, but Obamacare already went through every step of this process. It was approved by the House and the Senate, signed by the President and even reviewed by the Supreme Court.  Further, no one can say it wasn’t discussed ad nauseam as a cornerstone of the 2012 Presidential election.  Romney and Obama discussed it A LOT at every presidential debate. And the American people as a whole voted for Obama as President. And he won by several percentage points.  If the American people were super unhappy about the prospect of Obamacare, then they would not have voted for Obama as President.  It has been being talked about since at least 2009.  No one tried to sneak it through illegally.

It’s a law. Period.  That’s life.  Wake up whiny little Tea Pots. You lost!!!  Please quit whining and do something productive like governing the country you were voted in to govern. If you have issues with the implementation of this law, that is quite all right.  That’s what the political process is.  The details of policies and how they are implemented are changed all the time. In fact, I would almost guarantee that some things about Obamacare will change as it is implemented because it’s an ongoing process.  But there was nothing illegal or sinister about the way it was passed.

My contention with the democratic process is that the process itself is not negotiable.  If you want something to change in the US government, you have to figure out ways to make it change within the framework of the process.  This leads me to my second concern (which will be the topic of my next post, so come back soon!).

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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

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22nd Anniversary of the ADA – visit Disability.gov for info and resources

The 22nd anniversary of the Americans with Disabilities Act (ADA) occurred on July 26th.  This landmark legislation advanced the civil rights of people with disabilities throughout the nation.  More than 54 million people in the United States live with a disability of some kind, be it sensory, physical, intellectual, developmental, emotional or mental.Disability.gov, the federal government website for comprehensive information on disability programs and services in communities nationwide, offer hundreds of resources on protecting your civil rights if you have a disability. Learn about your rights on the job, different types of discrimination, how to file a complaint and what the federalgovernment is doing to enforce the ADA and other laws. The site also covers topics such as applying for benefits, getting health care, finding a job, and paying for housing.

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