With ADC, you can start or expand a business with the confidence that you have the knowledge for success and an effective community advocate.
Entrepreneurial Training Program
Entrepreneur trainings/workshops are held throughout the year with two-day classes scheduled in Las Vegas. During this class, prospective and new business owners should understand HOW TO WRITE A BUSINESS PLAN:
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A BUSINESS PLAN is a tool for understanding how your business is put together. You can use it to monitor progress, hold yourself accountable and control the business's fate. And of course, it's a sales and recruiting tool for courting key employees or future investors. Writing out your business plan forces you to review everything such as your value proposition, marketing assumptions, operations, financial, and staffing plans. As part of your operational plan, you'll lay out major marketing and operational milestones. The plan becomes a baseline for monitoring your progress.
But even more than a tool for after-the-fact learning, a plan is how you drive the future. When you write, "We expect 50 customers by the end of year one," it's not a passive prediction-you don't just wait for the customers to show up. It becomes your sales force's goal. The plan lays out targets in all major areas: sales, expense items, hiring positions and financing goals. Once laid out, the targets become performance goals. So viewing your plan as a fund-raising tool is just the beginning of the story. You'll use the plan for so much more-for managing yourself, for operating the business and for recruiting. And of course, a well-written plan is great for attracting talent.
Financing / Small Business Loans
Eligibility Requirements: Successful completion of the ADC Business Development workshop or a business that has a proven record of successful operations for more than a year.
ADC’s loans are for those who don’t qualify for traditional financing. Loan are available to small and medium-sized businesses located in Nevada. Eligible borrowers include individuals, partnerships, corporations, and cooperatives. The money for the loan fund may come from different sources; some of those sources limit where, geographically, the funds can be used.
Loan Products
Microloans:
For startups and existing small businesses, loans up to $50,000.
Small Business Loans:
For Startups and existing businesses, loans up to $350,000. ADC is an approved SBA Community Advantage (CA) lender. These loans benefit businesses operating in underserved areas for working capital, etc. These are 7(a) SBA Guaranteed Loans.
Large Business Loans:
Exposure over $350,000 is categorized as Large Loans.
Sharia Compliant / Asset Based Financing:
For startups and existing small businesses. Buy and sell agreements for assets like vehicles, equipment etc.
a. Exposure up to $10,000 or less can be approved internally by ADC Internal loan committee if the risk is acceptable.
b. Exposure up to $50,000 is categorized as Microloans
c. Exposure up to $350,000 is categorized as Small Business Loans
d. Exposure over $350,000 is categorized as Large Loans
ADC’s loans include -
Fixed interest rate / ROI, Monthly repayment for up to 5 years or more, No pre-payment penalty, One-time commitment fee, plus collateral filing fees, Complimentary post-loan support (Technical Assistance): accounting, marketing, human resources, legal, and more
ADC’s loans can be used for -
Leasehold improvements, inventory, supplies, working capital, machinery, equipment or property purchases etc.