FUNDING SOURCES FOR MANUFACTURERS & SUPPLIERS
Funding is a common necessity for most advanced manufacturing & materials companies, especially small businesses. To help with this, UAMMI has compiled this list of funding sources we are aware of. This list consists of both emergency funding, for those affected by COVID-19, as well as more traditional programs.
The 7(a) loan program is the SBA’s primary program for providing financial assistance to small businesses. Lenders work with the SBA to provide financial assistance to small businesses through government-backed loans.
This program encourages small businesses to engage in federal research and development that has the potential for commercialization. Generally, your product must be technology-based and be in research phase or prototype phase.
The SBA works with federal agencies in order to award 23 percent of prime government contract dollars to eligible small businesses. It also offers counseling and help to small business contractors. Procurement Technical Assistance Centers (PTACs) help small businesses that are interested in government contracting. PTACs can help determine if your business is ready for government contracting, register in the proper databases, find and bid on contracts, and more.