Looking for market data on how your small business compares; check out the Small Business Administration’s online tool Sizeup. The tool helps by “benchmarking [your small business] against competitors, mapping your customers, competitors and suppliers, and locating the best places to advertise.” You will need to create a sign in to access some of the options. Your New York small business may also retrieve labor market data from the New York Department of Labor’s statistics site. There you will find wage data by occupation, employment projections, and regional data (among other items). In addition, your New York small business might want to look at business financing options at New York Business First’s website. The site details programs available for New York small and larger businesses offered throughout New York State. Also, reference to Empire State’s various business programs may prove useful for your New York small business or your SME located abroad. Their International Division has offices overseas (there is one in the UK in London). www.erskine-law.com
If your small business is interested in export related sales leads take a look at the Empire State Development Marketing Assistance Service Program. There you will find a description of the sales and marketing assistance program offered by New York State promoting “Made In New York” products. There is an application you need to complete to qualify for the program. On the federal level you may want to check out export.gov, which offers a range of market entry and expansion services (some for a fee). While your small business is getting new export sales leads, you may want to pursue the Small Business Administration’s Export Loan Programs. There is a short explanation of the International Trade Loan Program as well as Export Express Loan Program and Export Working Capital Program. All normally require an application. If you are a UK SME, take a look at the UK trade and Investment International Trade Services for Exporters. There you will find information on trade sales leads (registration required) and UK Export Finance. A good overview of UK Export Finance is available on their Overview Page describing the various programs offered. www.erskine-law.com
The U. S. Small Business Administration (SBA) offers low-interest federal disaster loans to New York residents and businesses impacted by Hurricane Sandy. Check out the SBA’s website.
According to the SBA there are three ways to apply.
1. Apply in person at any Disaster Recovery Center or Business Recovery Center. SBA disaster representatives are at these centers to meet individually with New York residents and business owners, explain how an SBA low-interest disaster loan can help pay for their disaster losses, answer questions, and help each individual complete their application.
2. Apply online using SBA’s secure Web site at https://disasterloan.sba.gov/ela (available at most centers)
3. Apply by mailing your application to SBA at 14925 Kingsport Rd., Ft. Worth, TX 76155-2243
The Small Business Administration (SBA) is pushing for more exporting by small business. Explore the SBA’s Export Working Capital Program (EWCP) by clicking HERE
The program is administered through small business lenders or private banks for a maximum of 2 million US dollars. Through a co-guaranty program with the Export-Import Bank of the United States, the Small Business Administration guaranties up to 90% of the loan.
The Small Business Association’s ARC Loan Program may help your small business that faces immediate financial hardship. Explore the Small Business Administration’s website to learn about eligibility and additional information on these loans by clicking here.
Take a look at the Small Business Administration’s regulations to see if your business qualifies in its particular industry classification as a small business.
There is also a table for easy reference indicating industry and monetary size for review of whether your company is a small business.
The Small Business Administration has an express loan program called Export Express for exporters with loans up to $250,000.00. Check out the Small Business Administration’s site especially detailing this program.
Looking to shore up or expand your small business? Take a look at the financial assistance offered by the Small Business Administration. The site provides an online tutorial of the types of financial assistance available to established small businesses.
Thinking of starting a small business in this economic downturn? Take a look at the Small Business Association’s outline about what such a plan should include.
Whether you are starting your business or expanding operations, a great website to explore is the US Small Business Administration (SBA). From guides to logistics to financing, the US SBA website possesses a comprehensive set of descriptive guides to transacting business as a small company.