Business Services/ Banking Money and the Capital

Capital Access Programs by State:

Background: In one of our episodes of the television show, we introduce our viewers to members of the Texas Capital Access Forum. They also work with the SEC's Direct Public Offering document called a U-7. To focus on the U-7 and the SEC's Small Corporate Offering Registration (SCOR), we go inside a few businesses that have done a SCOR to raise equity capital.

Capital Access Programs. This page is our reference page for Capital Access Programs by state. Though usually based on debt capital, to get an overview of these programs, consider reading reports from the US Treasury (Nationwide summary, released by Michael S. Barr, 202-622-0016) and the US Environmental Protection Agency.

States with programs include: Arkansas, California, Colorado, Connecticut, Illinois, Indiana, Maine, Massachusetts, Michigan, Minnesota, New Hampshire, New York City, North Carolina, Ohio (Akron), Oklahoma, Oregon, Pennsylvania, Texas, Utah, Vermont, Virginia, West Virginia and Wisconsin.

Here are a few key links to these state programs:

AR http://www.state.ar.us/adfa/listing.html
   
CA http://www.tmcdcapital.com/w2wloanprograms.html
CO http://www.state.co.us/gov_dir/oed.html
http://www.angelcapital.org/
CT http://www.state.ct.us/ecd/
   
DC http://www.sba.gov/news/current02/02-08.html
   
IL http://www.gnpdc.org/finance.html
IN http://www.in.gov/idfa/programs/cap.html
http://www.muncie.com/economic_development/financial_assis_programs.htm
http://www.in.gov/idfa/programs/bankcontacts.html
   
ME http://www.famemaine.com/
http://www.famemaine.com/html/business/capaccess.html
MA http://www.mass-business.com/site/content/capital.asp
http://www.magnet.state.ma.us/mobd/cap.htm
MI http://www.growthalliance.com/inc.html
http://www.sbam.org/resource/energystar/smallbus/opps.html
http://polisci.msu.edu/~urbanpol/publications/brief_5.htm
MN http://www.state.mn.us/ebranch/dted/commasst/cap.html
NH http://www.state.nh.us/bfa/cap.htm
http://www.state.nh.us/bfa/bfa.htm
NY http://www.empire.state.ny.us/
NC http://www.commerce.state.nc.us/
ND http://www.growingnd.com/
OH 
OK  http://busdev3.odoc5.odoc.state.ok.us
OR  http://www.econ.state.or.us/
http://wellsfargo.com/cra/capital/ 
PA http://www.inventpa.com/default.asp
SC
TN http://www.state.tn.us/ecd/
TX http://www.tcaf.org/
UT
VA http://www.dba.state.va.us/
WA http://www.milwaukeebiz.com/biz_econ.html
WV http://www.wvdo.org/
WI http://www.wheda.com/

Go Further:

1. National Conference of State Legislatures: Check on their economic development programs by state. Also, check these resources: http://www.ncsl.org/programs. Or, contact them at: NCSL, 7700 East First Place, Denver, CO 80230 The general URL is:http://www.ncsl.org/

2. Hold the Equity! Consider other ways to raise capital. SCORs are fine for people who ultimately want to be a public company. Yet, there are many multi-billion dollar private companies and you may be building one of them. Or, you may be among those people who simply do not want to share equity in the business. In every new show, we will explore issues around capital formation and finances, or risk management and value creation.

Financing Options for Small Businesses. Another resource! Click on the heading to go to the Small Business United of Texas to find out how to order David Pinkus's research. It is listed under Publications.

3. Angel Capital Network.. Take another look; there are other equity models. Most angel capital is based on equity. Revisit the SBA's Angel Capital Network.. Also, check out the Small Business Investment Companies (SBIC) in your state. Medallion Funding is an SBIC. You can learn about senior and sub debt with warrants.

Let's learn all these terms and get this part of our education complete, so we can handle the real work of our business less encumbered by financial concerns.

4. The History of SCOR. You can find money. The Small Corporate Offering Registration (SCOR - SEC Reg D Rule 504) will expand the ways small business owners finance their growth when the capital requirements are greater than $100K and usually less than $10 million.


The Small Business Index of Learning Companies
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