How to Get Started with SBA & SAM Certification.

Grants:

Step 1 

Apply with SAM for government contracts...https://sam.gov/content/home


BDMedia

1. Register your business, why I got started with SAM, Notary

https://www.cyberdriveillinois.com/publications/business_services/nfp.html

2. The importance and benefits of being registered with SAM

3. How to Become WBE Certified

4. How to Start the Bidding Process


Topics Covered During Meeting Wk 1, 2, & 3:

-Government Contracting

-W/MBE Certification 

-Sam.gov  Registration (Federal)

https://sam.gov/content/entity-registration

-Employee Identification# (EIN) – You may have to take a look.

- State of Illinois Registration (Good Standing/Cyber Illinois) 



I need a post that educates. 5 Ways to Get paid with W/MBE 1. Create an EIN for your Business 2. Register with your nearest PTAC office 3. Look at the top 3 agencies on SAM.gov 4. Create Your Capability Statement 5. Register with Grants.gov  Take these steps and build multiple $6figures to live your lifestyle & travel. 


FB live training...https://www.facebook.com/groups/110178579015616


How to get $25k Business Funding in 5 mins with Breezy....https://davidallencapital.com/25k-today/



Courses: https://payhip.com/b/f6EH


Linkedin:https://www.linkedin.com/in/audreywoodley/




Step 2 Get a business plan


https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan#section-header-2


Step 3 Get grants & pitch 

Grants



https://dceoapps.ildceo.net/granttracker/gt/


https://a4cb.loanwell.com/

KIVA


List of referral grants:


Grants.gov

SBIR.gov

NASE.org

MBDA.gov



Step 4 What is the government buying in Q4?


https://globalservicesinc.com/2021/07/30/4th-quarter-q4-spending-statistics-in-government-contracting/?fbclid=IwAR094zmmEOjVnVZzx_H2HFDw1CjvD9nsJrW1glyK6MYNBQPd5AWkO0w0yGQ



Solicitation


https://sam.gov/opp/eb2cc0943ec74c76902cc1158428171f/view#general


Step 5 Get Business Credit 

Business Credit


Amazon

Wells Fargo

Target

https://www.fundingcircle.com/us/resources/financing-opportunities-minority-entrepreneurs/


You can Prequalify at the link below. I was approved for the exact amount I was prequalified for( It tells you the credit limit as well). This is a PG but it does not report to my personal credit report. 

https://www.fnbo.com/small-business/credit-cards/


Talk funding Tuesday. This is one, affiliate link, hard pull.

#WCCM #Fintech #CapitvateHerFunds

Activate and go!


 Financial Providers Offer Lending to your clients

Fundbox 

Lendivious

Surr Credit  

Behalf Credit

 

 


Step 6 get your business ready for procurement with Chicago Public Schools:


https://www.cps.edu/about/departments/office-of-business-diversity/





 
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How to get your license and acces to start-up capital (Cannabis industry for social equity applicants).




IL Cannabis Licensing & Social Equity, Technical assistance for craft growers, infusers and transportation. Hosted by

Social Applicants Craft Growers, Infuser, and Transport.

IL Cannabis Regulation and Tax Act



Well, the Cannabis industry is rolling in the millions on the first day of January in 2020. The social equity applicants were not apart of the first wave. The cost to start a business can be a barrier to social equity applicants. So there have been some laws and underwriting to help the social equity applicants overcome those financial barriers with loans.

 Investment  Licensing costs for new entrants to the market  
Craft growers • Non-refundable application fee $5,000 • License fee $40,000  Processors • Non-refundable application fee $5,000 • License fee $40,000  Transporting organizations • Non-refundable application fee $5,000 • License fee $10,000

 Department of Agriculture o July 1, 2020: The agency awards up to 40 licenses for processors, up to 40 licenses for craft growers, and licenses for transporting organizations. 

 How to do business in IL....watch video here in my Facebook group: Women Social Equity & Cannabis of Chicago

What qualifies as a social equity applicant?
key points:
  1. IL resident (must provide proof).
  2. lived in the disproportionately impacted area in the last 5-10 years.
  3. 51% of the applicant has arrested or convicted(possession and delivery).
  4. Family members arrested or convicted.
  5. 10 fulltime employees and at least 51% fall into the social equity qualifications
The application fee costs $5000 and the fee is 50% off at $2500 as a social equity applicant. The licensing fees can range up to $40,000. The fees alone can be very frustrating and intimidating along with registering as a business in the State of Il. Depending on where you want to start in this industry, you have to be ready for the financial commitment.

 The good thing you can apply for a loan and grants, get investors to help you get started with your business. You can get financed through the Department of Commerce, Credit Union One, and Accion.

DCEO has Cannabis 24.3 million fund

$250k dispensary
$500k craft growers
$50k transporters

5 key things.
1.Pre-approval letter *(Conditional Commitment Letter) and bonafide social equity applicant.
2. Loan disperse after the license is awarded form IDFPR
Underwriting component (what will impact you the most to keep you from building your business)
Access to Capital Barriers
3. Don't look at your credit history or bankruptcy
4.Five years tax return
5. No income(must have zero Affividant)

What will the loan cover in your business plan? * CCL
  1. Rent
  2. Payroll
  3. Purchase of equipment
  4. training
  5. legal expenses
  6. professional services
  7. utilities
Another company that helps small businesses is Accion. You can borrow $500-$5000 and they have grant opportunities.

For more information, you can contact:
  1. CEO.AdultUseCannabis@illinois.gov
  2. Text 42828
  3. State Senator Kimberly Lightford's sign up form
Illinois releases applications for Cannabis Infuser, Transporter and Craft Grower Licenses. The Connect Illinois Broadband Grant Program is currently accepting applications. https://tinyurl.com/tvcefy8


 #DECO #SenatorKimberlyLightford #Cannabis #SocialEquity #SmallBusiness #SocialNetwork #IDFPR
#Accion

Audrey Woodley, The Brand Therapist & Certified Dispensary Agent (https://twitter.com/alwoodleyCEO)
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