Bucks County Helps Entrepreneurs with Sales and Marketing Techniques

SCORE Bucks County Workshop Helps Prepare Entrepreneurs for Obtaining Bank Loans
Barbara Schuster knew she needed to get her “ducks in a row” before applying for a bank loan to get her small business off the ground.

Schuster, of Perkasie, as well as about 60 other Bucks County small business owners and aspiring
entrepreneurs, learned the preparedness steps necessary to obtain startup capital during a recent
SCORE Bucks County workshop.  “It helped with giving me better ideas for record keeping for my business, writing a better business plan and writing the elevator speech,” said Schuster of the informative session, which was held at the Homewood Suites in Warrington and featured Bucks County Commissioner Robert Loughery as keynote
speaker. SCORE Bucks County Chairman Gene Murtha said hearing former small business owner Loughery speak gave the seminar an air of authenticity.

“Having Commissioner Loughery there was an endorsement from the county about how important they thought this was,” Murtha said, adding that Mr. Loughery “has been there” and understands what’s
involved in operating and financing a small business. The workshop served as a precursor for an April 28 Small Business Administration workshop featuring 35 to 40 lenders. At that event, attendees will spend roughly 10 minutes pitching their elevator speech and business plan to each lender that they meet with. “It gave the people that are serious about building effective business plans a chance to not only consider what they need, but to have a series of informal meetings with bankers,” Murtha said of the recent workshop. Sonia Smith, the U.S. Small Business Administration economic development specialist for the Eastern PA District Office, spoke about various types of loans available to small businesses. She also shared what businesses need to obtain a loan: An executive summary of the borrower’s business plan, cash flow projections, and the purpose for the loan.

For SCORE Bucks County protégé Piset Heng, who has been working with SCORE counselors on a
business plan to finance a loan, the recent workshop was extremely valuable. She said the biggest takeaway was “to be focused, know what you want, have integrity and most importantly stay connected.”
Contact:
Theresa Katalinas
215-519-8833 katalinascommunications@gmail.com

Additional Business Information regarding Office for Rent-Bucks County PA
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Learn More about this Bucks County Commercial Real Estate

PA Business Resource: Disadvantaged Business Enterprises & Tax Free Financing in Bucks County?

Bucks County offers MANY reasons for bringing your business here- but here are just a few different resources for you to explore further...

PA UNIFIED CERTIFICATION PROGRAM - DISADVANTAGED BUSINESS ENTERPRISES 

What is the purpose of the Unified Certification Program (PA UCP)?

This program is intended for firms seeking certification as a Disadvantaged Business Enterprise (DBE) in accordance with 49 CFR Part 26 and as an Airport Concession Disadvantaged Business Enterprise (ACDBE) (in accordance with 49 CFR Part 23). 

The PA UCP makes all certification decisions on behalf of all agencies and organizations in the Commonwealth with respect to participation in the DBE and ACDBE Programs. In other words, firms certified as a DBE or ACDBE with the PA UCP are eligible to participate on anyFederal Aviation Administration (FAA), Federal Highway Administration (FHWA) and the Federal Transit Administration (FTA) funded contract as a Disadvantaged Business Enterprise or Airport Concession Disadvantaged Business Enterprise. (referenced from http://www.paucp.com/)

UNIFORM CERTIFICATION APPLICATION INSTRUCTION GUIDE 

All firms wishing to be certified as a Disadvantaged Business Enterprise (DBE) must complete this application and submit it to the Pennsylvania Unified Certification Program for determination of their eligibility. For more information and application, please visit http://www.buckscounty.org/docs/government-documents/paunifiedcertificationapplication.pdf?sfvrsn=2

Bucks County Businesses & TAX FREE Financing?

Tax-Free Financing

The Bucks County Industrial Development Authority can prove an attractive mechanism for financing new business and related expansions through the Industrial Revenue Bond and Mortgage Program. This program provides capital financing for manufacturing companies such as exempt facilities and non- profit organizations. This can be achieved either through tax free mortgages for smaller projects or a stand-alone bond issue for larger ones. Both of these approaches can significantly reduce borrowing costs.

These funds can be used for a wide array of purposes including acquisition, site preparation, infrastructure improvements, building construction, new machinery and equipment, and the closing and soft costs traditionally associated with such projects. Job creation is also required, with both new and existing full-time permanent jobs at the project site being counted for this program.

More information on Tax-Free Financing, including minimums and maximums, what is considered exempt, and how you can apply can be found on the BCIDA website at: http://buckscountyida.com/services.php#tax-free-financing 

Bucks County Commercial Real Estate & Office Lease in Pennsylvania

If your company is looking for a Class A PA office building, look no further than Neshaminy Interpelx right here in Bucks County. These statistically placed Bucks County offices offer more than just a place to do business, it is a well established and maintained business center. 

Offering extensive amenities for every possible type of company, from start up to manufacturing and corporations- this PA commercial real estate is more than a suburban office building- it is a place to build your empire.

To inquire about suites, availability and contact information- please visit their website BY CLICKING HERE