Wednesday, October 16, 2019

VT SBA accepting nominations for 2020 Small Business Awards - Vermont Biz

VT SBA accepting nominations for 2020 Small Business Awards - Vermont Biz


VT SBA accepting nominations for 2020 Small Business Awards - Vermont Biz

Posted: 15 Oct 2019 12:21 PM PDT

2019 SBA Vermont honorees.

Vermont Business Magazine The Small Business Administration Vermont District Office is accepting nominations for its 2020 small business awards. Previous Vermont winners include Ben and Jerry's, Mamava and 14th Star Brewing Co, the 2019 Small Business Person of the Year winner.

Since 1963, the SBA has recognized the outstanding achievements of America's small businesses for their contributions to their local communities, and to the nation's economy. The awards are hosted by Vermont Business Magazine each June.

The award categories are:

-Small Business Person of the Year
-Exporter of the Year
-Family-Owned Business of the Year
-Woman-Owned Small Business of the Year
-Veteran-Owned Small Business of the Year
-Minority-Owned Small Business of the Year
-Young Entrepreneur of the Year
-Microenterprise of the Year

To nominate a company for an award, please email the following information about the nominee to vermont_do@sba.gov:

-Owner's First and Last Name
-Name of Business
-Award Category
-Phone Number
-Email Address

 All nominations must be submitted by 3 p.m. EST, Jan. 7. Businesses may self-nominate.

For more information, email vermont_do@sba.gov or call 802-828-4422.

Get Your Business Financed

Learn how to get your small business financed during a panel discussion hosted by the SBA at 9 a.m. Oct. 23 at the Space on Main, 174 Main St., in Bradford, Vt.

It's Free. Register at https://thespaceonmain.org/tickets/.

For more information, email thespaceonmain@gmail.com.

Business Taxes 101

The first part of class will cover best practices and important considerations for freelancers and small business owners, including maximizing tax deductions, LLCs and taxes, eliminating tax bill surprises, and more. Bring your questions for the second part of class for a group Q&A discussion. Instructor: Patti Bisson of 585 North When: Thursday, October 17 from 6:00 - 8:00 PM Where: CWE Vermont 431 Pine Street (Maltex Building), Suite 101 Burlington, VT 05401 Fee: Free. Must register to attend.

Delaware STEP Grant Funds Support Small Business Exports - news.delaware.gov

Posted: 15 Oct 2019 10:49 AM PDT

Delaware STEP Grant Funds Support Small Business Exports


DOVER – For the fifth year in a row, the Delaware Department of State has received a State Trade and Export Promotion (STEP) award from the U.S. Small Business Administration (SBA.) This year's award totals $268,096 and will be used to support the state's efforts to assist small Delaware companies in entering and developing markets overseas.

The program's objectives are to increase the number of U.S. small businesses that export, increasing sales and ultimately generating jobs in Delaware. The STEP Grant program makes matching-fund awards to states to assist small businesses in the international marketplace. Delaware will match the SBA grant with $89,365, bringing the total available for export efforts to $357,461.

To date, 96 Delaware small businesses have participated in the program. As a result, these small businesses report $48 million in new export sales, and project over $180 million in additional export sales in the next two years. In addition, 27 Delaware jobs have been created.

"The STEP Grant funds from the SBA have proven instrumental to Delaware entrepreneurs in yielding new international business. This program is a direct source of new growth for our state's economy," said Delaware Secretary of State Jeff Bullock.

As with previous STEP grants, a significant portion of the grant will be used to directly reimburse small- and medium-sized companies for eligible, pre-approved export expenses such as international travel, trade show activities, translation of international marketing materials, and overseas interpreters. Without STEP grant funds, the costs of these services would otherwise prohibit many Delaware small businesses from entering certain international markets.

Export Delaware, the state's official export resource for small businesses, will use the grant to finance export-related marketing activities. Delaware small businesses that are interested in applying may learn more about the program at export.delaware.gov.

"We are thrilled to continue to support Delaware's small businesses as they begin to export and grow through increased international sales. We expect to build upon the success of this tremendous SBA program in 2020 and the years to come," said Beth Pomper, head of Export Delaware.

This year, Export Delaware is offering business trips to Israel, France, the United Kingdom, Sweden, Denmark, Chile, Peru, and the Philippines. These trade missions are designed specifically for Delaware small businesses and provide the opportunity for their teams to meet one-on-one with potential customers and distributors overseas.

Delaware's international trade representatives work with Export Delaware to organize meetings with targeted customers tailored to each participant's needs. Delaware's trade representatives abroad have wide networks in their countries, enabling them to secure meetings with high-level decision makers. Export Delaware staff accompany Delaware businesses in their meetings to help facilitate discussion and work toward deals.

Delaware small businesses that have joined Export Delaware trips in the past have successfully identified new distributors and partners. Export Delaware has helped small businesses achieve significant growth. Recent highlights include:

● $4.2 million purchase order as a result of a grant-funded business trip to the UK
● $3.5 million in sales as result of a trip to Germany
● $3.5 million in sales as a result of trips to Canada and Mexico

To learn more about the STEP Grant and how to apply, visit export.delaware.gov or contact Beth Pomper at beth.pomper@delaware.gov

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DOVER – For the fifth year in a row, the Delaware Department of State has received a State Trade and Export Promotion (STEP) award from the U.S. Small Business Administration (SBA.) This year's award totals $268,096 and will be used to support the state's efforts to assist small Delaware companies in entering and developing markets overseas.

The program's objectives are to increase the number of U.S. small businesses that export, increasing sales and ultimately generating jobs in Delaware. The STEP Grant program makes matching-fund awards to states to assist small businesses in the international marketplace. Delaware will match the SBA grant with $89,365, bringing the total available for export efforts to $357,461.

To date, 96 Delaware small businesses have participated in the program. As a result, these small businesses report $48 million in new export sales, and project over $180 million in additional export sales in the next two years. In addition, 27 Delaware jobs have been created.

"The STEP Grant funds from the SBA have proven instrumental to Delaware entrepreneurs in yielding new international business. This program is a direct source of new growth for our state's economy," said Delaware Secretary of State Jeff Bullock.

As with previous STEP grants, a significant portion of the grant will be used to directly reimburse small- and medium-sized companies for eligible, pre-approved export expenses such as international travel, trade show activities, translation of international marketing materials, and overseas interpreters. Without STEP grant funds, the costs of these services would otherwise prohibit many Delaware small businesses from entering certain international markets.

Export Delaware, the state's official export resource for small businesses, will use the grant to finance export-related marketing activities. Delaware small businesses that are interested in applying may learn more about the program at export.delaware.gov.

"We are thrilled to continue to support Delaware's small businesses as they begin to export and grow through increased international sales. We expect to build upon the success of this tremendous SBA program in 2020 and the years to come," said Beth Pomper, head of Export Delaware.

This year, Export Delaware is offering business trips to Israel, France, the United Kingdom, Sweden, Denmark, Chile, Peru, and the Philippines. These trade missions are designed specifically for Delaware small businesses and provide the opportunity for their teams to meet one-on-one with potential customers and distributors overseas.

Delaware's international trade representatives work with Export Delaware to organize meetings with targeted customers tailored to each participant's needs. Delaware's trade representatives abroad have wide networks in their countries, enabling them to secure meetings with high-level decision makers. Export Delaware staff accompany Delaware businesses in their meetings to help facilitate discussion and work toward deals.

Delaware small businesses that have joined Export Delaware trips in the past have successfully identified new distributors and partners. Export Delaware has helped small businesses achieve significant growth. Recent highlights include:

● $4.2 million purchase order as a result of a grant-funded business trip to the UK
● $3.5 million in sales as result of a trip to Germany
● $3.5 million in sales as a result of trips to Canada and Mexico

To learn more about the STEP Grant and how to apply, visit export.delaware.gov or contact Beth Pomper at beth.pomper@delaware.gov

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Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.

Loan application deadline looms for those impacted by July flash floods - The Delaware County Daily Times

Posted: 15 Oct 2019 11:30 PM PDT

ATLANTA — When flash floods moved through the area on July 11 and 12, they left significant property damage in their wake. In early September, the Small Business Administration (SBA) announced the availability of low-interest disaster loans — available through the SBA Disaster Loan Programs.

The time to apply for the loans is limited, however, and the SBA is reminding those affected to submit their application for a disaster loan for physical damage before the Nov. 4, 2019, deadline.

The loans are available for businesses of all sizes, private nonprofit organizations, homeowners and renters in Berks, Chester, Lancaster, Lebanon, Lehigh, Montgomery and Schuylkill counties.

"Families and small business owners should strongly consider applying for these loans," Steve Bulger, the SBA's Mid-Atlantic acting regional administrator, said in a press release. Bulger oversees the federal agency's operations in Pennsylvania.

Businesses and nonprofits can apply up to $2 million to repair or replace disaster-damaged real estate, machinery, equipment, inventory and other business assets, Bulger said.

"If applicants later determine these loans are not needed, they can always turn them down at no cost," he added.

The disaster loans were made available following the SBA's disaster declaration, in response to an Aug. 28 letter from Pennsylvania Gov. Tom Wolf.

Working capital loans, known as Economic Injury Disaster Loans, are available even if the business did not suffer any physical damage. Homeowners can apply for up to $200,000 to repair or replace damaged real estate. Homeowners and renters can apply up to $40,000 toward personal property.

Interest rates are as low as 4% for businesses, 2.75% for private nonprofit organizations, and 1.938% for homeowners and renters, with terms up to 30 years. The SBA determines loan amounts and terms based on each applicant's circumstances.

Applicants may also be eligible for a loan amount increase up to 20%, for mitigation purposes — which may include a safe room, storm shelter, sump pump, French drain or retaining wall to help protect property and occupants from future damage.

"Low-interest loans are a significant part of helping people and businesses recover from flooding," Gov. Wolf said in September, in response to the announcement that the disaster loans would be made available.

Applicants may apply online using the Electronic Loan Application (ELA) via the SBA's secure website at DisasterLoan.sba.gov.

Additional details on the loan application process can be obtained by calling the SBA Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can also be downloaded at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.

The filing deadline to return applications for physical property damage is Nov. 4, 2019. The deadline to return economic injury applications is June 3, 2020.

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