INDIANAPOLIS, Ind. — The U.S. Small Business Administration (SBA) will conduct an on-line business workshop, Tuesday, January 13, 2009 from 11am-12pm (EST).

This on-line workshop will provide guidance to small business owners that are in need of new construction loan or those that wish to purchase a building. Business owners will learn how SBA is involved in the loan process, what documents to take to the lender, and how to make a good first impression with the lender. The Internet session will also review SBA programs and services that can help an entrepreneur start or grow a business.

The following questions will be answered in this workshop:

• How much money can I borrow?
• Can the loan be used for more than land and building?
• How much equity injection is required?
• What is an SBA guaranteed loan?
• How do I start the loan process?

Reservations are not required, and participants may log on to the session from any computer in any location. To participate, log on to http://www.readytalk.com and for the audio portion call (866) 740-1260 the access code for both is 3056201#.

For more information contact Ronda Crouch at (317) 226-7272 x212 or ronda.crouch@sba.gov. The U.S. Small Business Administration is an agency of the Federal government.

WASHINGTON, DC — The U.S. Small Business Administration today unveiled a new Web site geared to the 50-plus entrepreneur, providing useful information, links and resources vital to starting, growing and expanding a small business.

The new Web site at www.sba.gov/50plusentrepreneur features interactive information and links to help 50-plus entrepreneurs consider the benefits and rewards of business ownership, and to help them make informed choices about business ownership.

“The SBA is working hard to increase opportunities for small businesses of the baby boomer generation at every stage of their business development through better technology tools and effective services through the agency’s district offices and resource partners,” SBA Acting Administrator Sandy K. Baruah said. “We believe 50-plus entrepreneurs will drive significant new business growth in the coming years.”

Components of the new Web site include a self-assessment feature to help the aspiring entrepreneur determine his or her business readiness, information on borrowing and credit, and inspirational success stories from baby boomer entrepreneurs. The Web site will help users evaluate the reasons for business ownership after age 50, the risks involved, and how to devise a plan of action at every phase of business development.

This is the first new offering under the structure of the re-launched Office of Entrepreneurship Education (OEE). OEE combines SBA’s online education programs, business and community initiatives, and outreach to underserved markets under a single umbrella.

As baby boomers consider career and lifestyle shifts that extend beyond their work careers, tapping into the world of business ownership can allow them to leverage their flexibility, know- how and business acumen to go into business for themselves. Many have already joined the ranks of the nation’s self-employed and small business owners.

The SBA provides financial, management and technical assistance to thousands of small business owners throughout the country. The Web site can be accessed at all times, as well as the SBA’s other online resources and free online training at www.sba.gov.

WASHINGTON, DC — In just under a year’s time, the U.S. Small Business Administration’s Patriot Express Pilot Loan Initiative approved more than $150 million in loan guarantees to nearly 1,500 veterans and their spouses who are using the SBA-guaranteed funds to establish and expand their small businesses.

Patriot Express, launched last June 28, builds on the more than $1 billion in loans SBA guarantees annually for veteran-owned businesses, and the counseling assistance and procurement support it provides each year to more than 100,000 veterans, service-disabled veterans and Reserve members.

“With the patriotic remembrances of Flag Day, June 14, comes the reminder that the SBA is committed to helping America’s service men and women during the continuing War on Terror,” SBA Acting Administrator Jovita Carranza said. “We believe that Patriot Express, supported by SBA’s other services, goes directly to the needs of these American Patriots who wish to start businesses, and in the process encourages job creation and growth, an essential part of the President’s economic agenda.”

Patriot Express is a streamlined loan product based on the agency’s highly successful SBA Express Program, but with enhanced guaranty and interest rate characteristics. The Patriot Express loan is offered by SBA’s network of participating lenders nationwide and features SBA’s fastest turnaround time for loan approvals. Loans are available up to $500,000 and qualify for SBA’s maximum guaranty of up to 85 percent for loans of $150,000 or less and up to 75 percent for loans over $150,000 up to $500,000. For loans above $350,000, lenders are required to take all available collateral.

The Patriot Express loan can be used for most business purposes, including start-up, expansion, equipment purchases, working capital, inventory or business-occupied real-estate purchases.
Patriot Express loans feature SBA’s lowest interest rates for business loans, generally 2.25 percent to 4.75 percent over prime depending upon the size and maturity of the loan. Local SBA district offices will have a listing of Patriot Express lenders in their areas. Details on the initiative can be found at www.sba.gov/patriotexpress

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INDIANAPOLIS, Ind. — The U.S. Small Business Administration (SBA) is presenting small business informational seminars. The next SBA Seminar, Doing Business with the Federal Government, will be offered on Tuesday, April 29, 2008. The seminar will be conducted from 3:00 p.m. to 4:30 p.m. EDT at the SBA Indiana District Office, 8500 Keystone Crossing, Suite 400, Indianapolis.

Attendees will learn:

• Where to find contracting opportunities;
• How to register your business to sell to the government;
• How to market your products and services;
• Why you may need to obtain a surety bond and how.

Reservations are required as seating is limited. There is no cost for attending this SBA seminar on Tuesday, April 29, 2008, from 3:00 p.m. to 4:30 p.m. at the Small Business Administration Indiana District Office.

For more information or to reserve your space, contact Mike Hasler at (317) 226-7272 x113 or michael.hasler@sba.gov.

The U.S. Small Business Administration is an agency of the Federal government.