Outsourcing Options

Small Business Investment Companies:

• Privately owned
• Quasi venture capital firms
• Invest in small businesses primarily in local areas
• Works with the SBA

Capital Development Companies:

• SBA program
• Finances fixed assets
• Long term fixed rate loans
• Works with a local lender
• Certified Development Companies and local lenders each partially provide the funds for the loan

The State Economic Development Department:

•  Sometimes related to the Department of Commerce

Outside Investors - Angels:

• SBA has started ACE NET which brings potential investors and small business owners together

Venture Capital:

• Cash is given in exchange for equity in a business
• Focus is on future prospects of the business

Minority Funding:

• National Bankers Association - Minority Owned Businesses
• U.S. Commerce Department’s Minority Business Development Agency
• State operated minority funding - check library and state agencies