REI OSU Presentation 2011-4-4

REI OSU Presentation 2011-4-4 - 4/4/2011 Financing for A...

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4/4/2011 1 Financing for A Small Business Katherine Faison 4/4/2011 Introduction Brief Bio Introduction What services does REI offer? Provide Financing Options for Small Business Manage Several Business Incubators in OK Offer Down Payment & Closing Cost Assistance for Oklahoma Families Have Oklahoma’s only Women’s Business Centers- partially funded through the SBA
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4/4/2011 2 Financing Options Through REI?? 1) Intermediary between SBA and local banks and borrowers Certified Development Company- Certified by the SBA Market loan programs to area banks, underwrite, often service loans Bank funds at least a portion of the loan 2) Direct Loan Funds up to $150,000 SBA Microloan Program up to $35,000 Relending Funds Available Who do we lend to and how much? Small business- SBA defines as not exceeding a $15 net worth and $5 net income Start-up Companies Existing Companies From $5,000 to over $10 million Use of Proceeds: Working capital Start-up Expenses Inventory Real Estate
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4/4/2011 3 Definition of an Entrepreneur Wikipedia “ a person who has possession of a new
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REI OSU Presentation 2011-4-4 - 4/4/2011 Financing for A...

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