Defence Loan and Technical Assistance (DELTA) Program
SBA's Defense Economic Transition Assistance program is designed to help eligible small business contractors to transition from defense to civilian markets.
A small business is eligible if it has been detrimentally impacted by the closure (or substantial reduction) of a Department of Defense (DoD) installation, or the termination (or substantial reduction) of a Department of Defense Program on which the small business was a prime contractor, subcontractor, or supplier at any tier. In addition a business can be deemed eligible if it is located in community that has been detrimentally impacted by these same actions.
The DELTA program provides financial and technical assistance to defense-dependent small businesses which have been adversely affected by defense reductions. The goal of the program is to assist these businesses to diversify into the commercial market while remaining part of the defense industrial base. Complete information on eligibility and other rules is available from each SBA district office.
This program can be used in conjunction with both SBA’s 7(a) and 504 Loan Programs and generally follows the provisions of each program. In order to be eligible for this program, small businesses must derive at least 25 percent of its revenues from Department of Defense or defense-related Department of Energy contracts or subcontracts in support of defense prime contracts in any one of five prior operating years.
Small businesses interested in utilizing this program must also meet at least one of the program's policy objectives:
* Job retention --- retains defense employees
* Job creation --- creates job opportunities and new economic activities in impacted communities
* Plant retooling and expansion ---modernizes or expands the plant and enables it to remain available to the Department of Defense.
Defence Loan and Technical Assistance (DELTA) Program - To learn more about this author, visit Start Your Business's Website.
Like this article? Share it with your friends
 |
Related Articles |
|
 Defence Loan and Technical Assistance (DELTA) Program
|
| |
SBA's Defense Economic Transition Assistance program is designed to help eligible small business contractors to transition from defense to civilian markets.
|
|
Community Express
|
| |
CommunityExpress is a pilot SBA loan program that was developed in collaboration with the National Community Reinvestment Coalition (NCRC) and its member organizations. Under the pilot, which is available to selecte...
|
|
Small Business Loan Programs Salvaged In 2009 Budget
|
| |
Small Business Administration funding cuts were threatened for 2009 but Senator John Kerry's Small Business Entrepreneurship Committee stayed their execution.
|
|
SBA Loans
|
| |
The SBA offers numerous loan programs to assist small businesses. It is important to note, however, that the SBA is primarily a guarantor of loans made by private and other institutions and does not offer loans to ...
|
|
Export Express
|
| |
SBA Export Express combines the SBA’s small business lending assistance with its technical assistance programs to help small businesses that have traditionally had difficulty in obtaining adequate export financing. ...
|
 |
Related Businesses - Evan Elite Authors |
|
The Evan Elite Authors program is currently in beta phase. For details please contact us.
|
|
|
Start Your Business
(Visit Start Your's Website)
Starting a business requires you to
complete a number of steps and make some
key decisions. Though part of your overall
plan, you’ll need to select a location,
decide on a business structure, and obtain
the necessary licenses and permits. In
addition, determining which financing
options will meet your short-term needs
and long-term goals is crucial. Within
this section, we’ll provide information on
these topics along with guidance on buying
an existing business, copyright and
trademark issues, and getting support from
an outside expert.
|
|
|
|
Mastermind Group Resources - Strategies to get the most from your Mastermind Group. The purpose of this blog is to share resources, tips, strategies, and ideas on how to build a Mastermind Group and make it more effective.
|
|
Selling to Small Business - Strategies to help you sell to small business entrepreneurs. The purpose of this blog is to outline strategies companies can take to effectively target small business owners.
|
|
|
|
![[Get Copyright Permissions]](http://license.icopyright.net/images/icopy-w.gif){kind=small}
