Do you want a small business opportunity that could create more business for you? It is a chance to sell to the government. Bring in new customers is always the number one goal of many business owners. It is the life blood of any operation and if you want your business to stay healthy then you must bring in fresh new customers and keep them coming back with a great service or product.
I would like to introduce you to the 59.005 Business Development Assistance to Small Business program.
This program is excellent for bringing in new business and revenue. Get help from this program to sell to the government. They will assist your small business in obtaining a "fair" share of contracts and subcontracts for Federal government supplies and services and a "fair" share of property sold by the government.
What an excellent opportunity this is! I would rather sell a lot more to meet my goals than to have to get a small business loans or small business grants.
What they can do for your company is:
(Restriction of bidding/award to small business only)
(1) Your application will set-aside the chance to increase the Federal procurement and disposal requirements awarded to small business for a great small business opportunity;
(2) You will receive consultation with procuring activities on structuring of procurement and sales planning to optimize small business participation;
(3) They will also review and analyze you small business capacity, credit, integrity, perseverance, and tenacity when challenged by contracting officers and certifying competence of such firms to perform as prime contractors, as appropriate, and monitoring performance of certificate of competency holders throughout contract life;
(4) They will also review of subcontracting plans and programs of large prime contractors to determine the extent that they are providing subcontracting opportunities to small businesses, veteran-owned businesses, service-disabled veteran-owned businesses, HUBZone qualified businesses, small disadvantaged business, and women-owned small businesses;
(5) When they give you consultation and advice for small businesses requesting assistance on government procurement or property sales matters, you must keep in mind that all consultants are not the same. It is very important to get one that you like and is passionate about their job.
(6) They will also help you with specific contract administration problems;
(7) They will see if you qualify for the SBA's procurement and financial programs;
(8) By doing this they want to breakout of items from a the same old stale source of buying in favor of full and open competition in order to achieve savings;
(9) One of the goals that they have is to review small business programs at Federal buying activities to evaluate effect on small business participation and recommend changes; and
(10) management of the Central Contractor Registration's Dynamic Small Business Search, a nationwide Internet database of information on small business, a marketing tool for small firms and a "link" to procurement opportunities. It pays to at least get registered and listed in this data base.
Existing and potential small businesses are eligible to apply. A small business is a business entity organized for profit, with a place of business located in the United States and which makes a significant contribution to the U.S. economy through payment of taxes and/or use of American Products, materials and/or labor.
Generally, an employee based size standard not in excess of 500 employees is used for manufacturers for wholesalers, average employment not in excess of 500 is used; for general construction, a revenue based size standard not over $28,500,000 is used; for specialty trade construction, revenues not over $12,000,000 is used; for retail and services contracts, revenues not over $6,000,000 is used; and for agricultural enterprises, gross annual sales not over $750,000 is used.
Self-certification of documentation is sufficient for representation as a small business, women-owned small business, veteran-owned small business and service-disabled veteran-owned small business. SBA certification is required for status as a HUBZone small business, 8(a) small business, and Small Disadvantaged Business.
The range is about 15 days for certificate of competency; no approval is required on other programs for this .small business opportunity.
The government grants that guarantees this small business opportunity programs for small business grants totaled: FY 04 $4,606,675,000; FY 05 est $3,250,000,000; FY 06 est $3,000,000,000. Administrative Expenses: FY 04 $38,013,000; FY 05 est $34,188,000; and FY 06 est $36,406,000
In fiscal year 2004, $11.2 billion in government grants for prime contracts was set-aside for procurement limited to small businesses to give you an excellent small business opportunity.
Title 13, Code of Federal Regulations, Part 125; "Government Contracting Programs;" Government Contracting and information for this small business opportunity from SBA offices. Forms to obtain necessary assistance are provided by SBA field offices. To find where they are listed you can go to Associate Administrator for Government Contracting, Small Business Administration, 409 3rd Street, SW., Washington, DC 20416. Telephone: (202) 205-6460 http://www.sba.gov
Other small business opportunity programs that are related to selling to the federal government are:
17.301, Non-Discrimination and Affirmative Action by Federal Contractors and Federally Assisted Construction Contractors can use this small business opportunity;
17.303, Wage and Hour Standards;
36.001, Fair Competition Counseling and Investigation of Complaints;
39.001, Business Services is another small business opportunity;
43.002, Technology Transfer is the chance to participate in another small business opportunity;
59.006, 8(a) Business Development is a good small business opportunity that you should consider.
About the author:
I am a college student and single parent who relies on federal grants everyday. I built this free information and education website that helps find federal grants to promote economic development. http://www.federal-grant-news.com
Business loans can be defined as money lent for a specified amount of
time at a specific interest rate to a specific person or people that
operate a business or plan to operate a business. This definition is very
broad, but so are the various types of loans available to business people.
Deciding on which type of business loan that you and your company will
benefit from the most is very important. Often times, a start-up business
or someone that has never owned a business will find themselves more or
less applying for a “personal” loan. This can be a very risky endeavor,
mixing business loans with personal loans, however, often times it is the
only available means for first time business owners.
One of the first things personal business owners need to do is
establish business credit. Business credit can help you get a business
only loan without using your personal credit. Establishing business credit
can be done by:
1.) Opening up a business credit card account and paying it in full.
2.) Buying equipment and supplies from companies that will report good
standing to the business credit bureaus.
3.) Having a good business plan with potential earnings, letters of
intent, and any type of customer contracts already laid out.
All of these types of endeavors can help in receiving a business loan.
Often times, financial institutions require in-depth business plans, be
prepared to spend days working on just the certification paperwork prior
to applying for a business loan. A business only loan can be obtained in
the business name without use of personal credit as long as the business
can justify the loan amount and the ability to pay it back.
There are several different types of business loans available, ranging
from those secured with collateral, non-secure loans, which are based upon
the credit worthiness of the applicant, and even government loans for
small business ventures, women and minorities. Government loans are those
loans secured by the government; in most instances these loans are
available when the business or owner can prove that the community will
prosper based upon the business at hand. For the most part, government
loans are based upon personal credit.
The basis for which you may need or require a business loan may vary.
Some of the most common business loans available to business owners are:
Acquisitions or a loan to acquire an existing business
Inventory loans
Account Receivable Loans
Working Capital Loans which converts a companies assets into working
capital
Equipment Leasing
Commercial Property loans
Warehouse financing
International business loans
Franchise loans
One of the most important tools when deciding on what type of business
loan your company needs is research. Researching the different types of
loans available to you and your company can save you money. First, look
into the different type of business loans available to you in your state.
Many states have government loans available; some even offer grants, which
is money available for specific purposes that do not require repayment.
Research the different type of Federal loans available. You can do this at
the following website: www.sba.gov. Call your local bank and investment
companies regarding the business loans they have available for you. Many
times, business loans are not that hard to acquire. With research and a
good business plan, your dreams may come true.