Raytheon Integrated Defense Systems Supplier Matching Partnership with SBANE
SBANE has originated 26 market partnerships between Raytheon Integrated Defense Systems and small businesses who possess unique technology and "state-of-the-art" manufacturing services in collaborating on bidding government requests for proposal. SBANE identifies a company's core competence or technology and socializes that capability with Raytheon Integrated Defense Supply Chain personnel. If there is a match or a fit, Raytheon will schedule a site visit with its engineering team to evaluate a small business's technological capacity prior to entering into a non-disclosure agreement. Raytheon IDS and Radiation Monitoring Devices (Watertown) have won several seven-figure contracts with the federal government as a result of this process.

Matching Consulting Dollars for Manufacturers Through Lay-Off Aversion Program
SBANE has received $600,000 from the Massachusetts State Legislature in three different fiscal year cycles to help small business manufacturers defray up to 50% of hiring third-party consultants. This matching program has benefited 67 different companies throughout the Commonwealth, who have received grant money from this program. SBANE's Lay-Off Aversion Program has supported over 2,500 jobs and $125 million in employee payroll.

$3 Million Loan Fund

Eligibility

Been in business for at least two years and have a minimum net profit of $1 annually

Loan Term

Up to 7 years

Interest Rate

Variable, Sovereign Bank Prime +2% to 4%

Collateral

Lien (first or second) on all business assets

Financing

In the form of debt instruments

Mentoring Assistance will be provided to discuss such issues as the current status of your business, implications for the proposed financing and the strategy and capacity for future growth.

Loans

Sovereign Bank, Business Development Corporation of New England, Property and Casualty Initiative

Mentoring

Turnaround Management Association, Center for Women and Enterprise

Sponsor

Smaller Business Association of New England For more information, call Bob Baker, President, Smaller Business Association of New England at 781.890.9070

Financial Packaging
SBANE possesses knowledge of all non-bank sources of capital and customarily identifies capital strategies and solutions for small businesses seeking subordinated debt and mezzanine financings. SBANE can provide you with a number of references who have tangibly benefited from these transactions.