U.S. SMALL BUSINESS ADMINISTRATION OVERVIEW 1 July 20, 2016 Upper Albany Main Street, Inc.,

SBA: Smart, Bold, Accessible Our Mission: to maintain and strengthen the United States economy; To aid, counsel, assist and protect the interests of small businesses; To help families and businesses recover from natural disasters. 2

Founded by an Act of Congress In 1953 the United States Congress unified the federal government’s small business efforts into one agency. Created 3

Supporting Small Businesses Across the United States 4

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Highlights SBA had record-setting levels for small business lending with $23.5 billion dollars through our 7(a) loan program alone. This represents a 22 percent increase in the number of loan approvals – and a 23 percent increase in their dollar value. SBA helped the federal government award the highest percentage percent - of contracting dollars to small businesses in history, totaling $91 billion dollars in the last year alone, AND we broke records for women and socially or economically disadvantaged communities. SBA counseling centers have served more than 1.4 million businesses in the last fiscal year, providing high-quality business advice. 6

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Contracting Small Business Prime Contracting Achievement (%) Goal Small Business Prime Contracting Achievement ($, Billions) The federal government surpassed its 23 percent small business procurement goal for the third year in a row, awarding an all-time high of percent, or $90.7 billion, in federal contracts to small businesses. These contracting funds support more than 537,000 jobs and have a significant impact on job creation, innovation, and growth in communities throughout the country. 8

Contracting In FY15, 5.05 percent or $17.8 billion of all federal small business eligible contracting dollars were awarded to WOSBs, the first time this specific benchmark has ever been reached. For the 4 th consecutive year, the federal government exceeded the goal for SDVOSBs, achieving 3.93 percent or $13.8 billion of all federal small business eligible contracting dollars. SDBs received percent or $35.4 billion of all small business eligible contracting dollars, the highest percentage in history. Women-Owned Small Business (%) Goal Service-Disabled Veteran-Owned Small Business (%) Goal 9

Contracting Federal contract dollars awarded to Small Disadvantaged Businesses (SDB) also reached historic highs. SDBs received percent or $35.4 billion of all small business eligible contracting dollars, the highest percentage in history. Small Disadvantaged Business (%) Goal Historically Underutilized Business Zones (%) Goal 10

SBA provides education, information, technical assistance & training free-of-charge In-person, face-to-face and online advising, mentoring, and training for every stage of business growth and development. SBDCs Small Business Development Centers SCORE Counselors to America's Small Business CDCs Certified Development Companies USEACs Export Assistance Centers VBOCs Veterans Business Outreach Centers WBCs Women’s Business Centers + SBA Regional & District Offices 11

In addition to our resource partners, SBA has launched several counseling initiatives that directly affect small business owners. ClustersEmerging Leaders ScaleUp America Encore Entrepreneurship B2B Boots to Business Re-Boot to Business V-WISE Veteran Women Igniting the Spirit of Entrepreneurship EBV Entrepreneurship Boot Camp for Veterans with Disabilities MBK Millennial Entrepreneurs My Brother’s Keeper StartUp America 12

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Capital SBA increased 7(a) lending to three key underserved market groups in FY2015 – $3.10 billion to Women Owned Businesses 129% increase from FY2009 – $1.23 billion to Veteran Owned Businesses 172% increase from FY2009 – $6.81 billion to Minority Owned Businesses 175% increase from FY2009 Additionally, in FY2015 SBA’s 7(a) program provided: – $1.25 billion to small business exporters – $7.94 billion to new business start- ups 7(a) Loans to Women Owned Businesses (50%+) 7(a) Loans to Veteran Owned Businesses 7(a) Loans to Minority Owned Businesses 14

15 Fiscal Year 2015 was one of major achievements. The U.S. Small Business Administration’s Connecticut District Office supported loans for over $287 million dollars through its three main loan programs: the 7(a) Loan Guaranty Program, the Certified Development Company/504 Loan Program and the Micro-Loan Program. Additionally, over 37,800 clients were counseled and trained by the SBA and our resource partners – SCORE, the Connecticut Small Business Development Center, and our Women’s Business Centers in Hartford, Derby, and Stamford. Small Business Development Centers 2,127 SBA Connecticut District Office 6,075 SCORE Chapters26,566 Women’s Business Center 3,127 Total Clients Served37,895

Two flagship business loan guarantee programs help start-up businesses launch and existing business expand: SBA provides a guarantee of select small business loans made by lender participants 7(a) Supports job creation and economic development through guaranteed debentures 504 Working Capital Accounts Receivable and Inventory Equipment Leasehold Improvements Real Estate and Buildings Certain Refinancing of Debt Financing Change of Ownership 16

SBIC - The Small Business Investment Company: A multi-billion dollar investment program to bridge the gap between entrepreneurs’ need for capital and traditional sources of financing. $23.78 billion of assets under management 299 active SBICs $13 billion of investments into more than 6,300 U.S. small businesses across multiple industries over last 5 years $4 billion authorization per year 17

pool of investment capital Pensions, Foundations, Banks High-Net Worth Individuals P RIVATE I NVESTORS U.S. G OVERNMENT public-private partnership S MALL BUSINESSES For every $1 the fund raises from investors… …the SBA will commit up to $2 of debt* *Subject to a cap of $150 million SBIC - Small Business Investment Companies: 18

SBIR – The Small Business Innovation Research STTR – Small Technology Transfer Research R&D funds to develop commercially viable innovations $2.2 billion annual set aside 145,000 awards granted 10 patents per day 19

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SBA Success Stories 21

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23 In Region I - Connecticut Ranked: #1 Greatest increase in loans supported to Underserved Markets with a 36% increase in Minority Lending Loans to Native Americans up 150% Loans to Hispanics up 61% Loans to African Americans up 42% Loans to Veterans up 24% Loans to Women up 22% Loans to Asian Pacific Americans up 20%

24 U.S. Small Business Administration Moraima Gutierrez Assistant District Director for Economic Development 280 Trumbull St. 2 nd flr